AACT
We have received an intimation from PEIE, Nizwa informing us about the price increase of natural gas from 20.5 baizas to 41 baizas per standard cubic meter with effect from 1st January, 2015 and a 3% annual increase thereafter.
This increase will affect those of our production lines which are using natural gas at the lower prices and will push up our total manufacturing cost for the year 2015 by about RO 750,000 (Rial Omani Seven Hundred and Fifty Thousand) at full capacity utilization.
A.Suresh
Chief Financial Officer