ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has approved a scheduled natural gas price hike of 74 percent for the 2022-23 fiscal year, ARY News reported on Tuesday.
according to the details The regulator allowed Sui Northern Gas Pipeline Limited (SNGPL) to raise prices by 74.42 percent. It also allowed Sui Southern Gas Company (SSGC) to raise gas prices by 67.75 percent in 2022-26.
The oil and gas regulator has approved increases of Rs406.28 and Rs469.28 per million British thermal units (mmBtu) for SNGPL and SSGC respectively.
مہنگائی کے طوفان میہ گھری عوام پر ایک اور مشکل، اوگرا کی یکم جولائی سے گیس مزید مہنگی کرنے کی منظوری#AR News pic.twitter.com/UIEuXMIGbG
— ARY News (@ARYNEWSOFFICIAL) January 10, 2023
OGRA added that the average gas price for SNGPL will reach Rs 952.17 per unit from the existing rate of Rs 545.89 per mmBtu, while for SSGCL it will reach Rs 1,161 per unit from the current Rs 692.63 per mmBtu.
Any amendments to Federal instructions will be notified by OGRA until such time. Natural gas sales prices by existing categories will continue to prevail.
If the Federal Government fails to advise Ogra on gas prices by category and floor within 40 days, the price determined by the Authority for each category and floor will be automatically notified. And the gas agency will have to charge new prices.
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In the morning of the past Price of liquefied petroleum gas (LPG) Rs 5 per kg increase without notification from Oil and Gas Regulatory Authority (OGRA).
In a statement, LPG Distribution Association (LDAP) president Irfan Khohar said the price had now risen to Rs 260 per kg from Rs 255 after a Rs 5 increase. Domestic and commercial cylinder prices have increased by Rs 60 and Rs 230 respectively.
Irfan Khohar said the gas was available for Rs 270 per kilogram in Muree, while the price was higher than Rs 300 per kg in Muree. Gilgit-Baltistan (GB) and Skardu
