Ogra Approves Domestic Gas Price Rise Up To 74.42 Percent
January 11, 2023 / By Zunair Tahir / Pakistan News
The Oil and Gas Regulatory Authority (Ogra) approved price increases of 74.42 percent and 67.75 percent for the two gas firms Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC).
Ogra granted the requests of the two firms, allowing SNGPL to increase its average gas rates by Rs406.28/mmBtu for the current fiscal year and SSGC to boost its average gas rates by Rs469.28/mmBtu.
With effect from July 2022, the two corporations had sought the regulator for increases of Rs1,294.02/mmBtu and Rs667.44/mmBtu, respectively.
The federal government has been informed of Ogra’s decision, and it is obligated to advise the regulatory authority of the minimum charges and selling prices for each category of retail users of natural gas within 40 days for publication in the official gazette.
The federal government must make sure that the selling prices recommended by Ogra do not go below the firms’ required revenue, as assessed by the authority, according to Ogra’s ruling.
It further said that Ogra will notify the pricing determined in case the federal government would not respond within 40 days.
2022 Car Prices 2022 CARS 2022 News 2022 Pakistan News 2022 Tech News 2023 Cars Price List apple automobile Automotive Blogs Automotive News Automotive News Pakistan Auto Sector Blogs Business News car news Car Prices cars cars 2021 cars of pakistan electric cars entertainment news F1 F1 News Hyundai Imran Khan Imran Khan News MG Pakistan new cars news news pakistan pakistan automotive news Pakistan Government Pakistan News PCB proton proton pakistan PTI Sports News suzuki Suzuki Pakistan Tech News Toyota toyota pakistan Weintek Weintek Pakistan