18% hike in consumer gas tariffs on cards
In a bid to pass-on the impact of expected surge in the wellhead gas prices amid
higher reference price of crude oil and currency decline, the consumer gas prices
in the country are proposed to be raised by 18% for all categories effective Jan 1,
2010. This is inline with our expectation as we have calculated an increase of
17.6% (excluding Qadirpur price resolution) in weighted average cost of gas
effective Jan 01, 2010. In the following, we have discussed the impact of gas price
increase on inflation and the various listed sectors at KSE.
Click here for complete research report.
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