With the advent of winter Oil and Gas Regulatory Authority (OGRA) has approved major hike in gas prices for the current fiscal year, reported 24NewsHD TV channel.
According to a notification, OGRA approved an increase of 8.71% for the consumers of Sui Northern Gas Pipelines Limited (SNGPL) and 25.78% increase for the consumers of Sui Southern Gas Company Limited (SSGCL). The regulatory authority has sent the summary to the federal government.
The general public has expressed concern over proposed increase in gas price amid gas loadshedding. The citizen of the view that government should ensure smooth supply of gas across the country and should not increase its prices during the winter season.
OGRA has sought to fix average gas price for Sui Northern at Rs1,778.35 per MMBTU and Rs1,762.51 per MMBTU for Sui Southern, said the notification.
"Ogra, under Section 8(2) of OGRA Ordinance, 2002, vide its decisions dated December 17, 2024 has determined the Review of Estimated Revenue Requirement (RERR) of SNGPL & SSGCL for FY 2024-25.
The agency further said that the any decision advised by the government will be notified by Ogra, adding that till such time the existing category-wise natural gas sale prices shall continue to prevail.