OGRA

Domestic Gas
Pakistan News
January 11, 2023January 11, 2023

Ogra Approves Domestic Gas Price Rise Up To 74.42 Percent

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).

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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.

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LPG Domestic Cylinder
Pakistan News
July 7, 2022July 7, 2022

Great News For Inflation-Stricken People Of Pakistan

Great News For Inflation-Stricken People Of Pakistan

July 7, 2022 / By Zunair Tahir / Pakistan News

Distributors have announced a drastic reduction in LPG prices following a reduction in prices by manufacturing companies.

According to Chairman LPG Distributors Association Irfan Khokhar, the price of domestic cylinder has been reduced by Rs 120 and the price of commercial cylinder by Rs 450.

It will be great relief for the people of Pakistan through the tough times going on and people also needed less price because Eid-Ul-Adha is round the corner and people of Pakistan are very found of eating and cooking.

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He said that OGRA had fixed the price at Rs 148725 per metric ton for July 2022 while Pak Arab Refinery has reduced its price by Rs 13723 per metric ton, after which Parco has fixed the new price at Rs 135000 per metric ton.

The state-owned production company OGDCL has set a production price of 140,000 per metric ton. According to Irfan Khokhar, the price of LPG in the market has come down from Rs 220 to Rs 210 per kg, after which the price of domestic cylinder has come down by Rs 120 and the price of commercial cylinder by Rs 450.

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According to the chairman of the LPG Distributors Association, the domestic cylinder will now be available nationwide at Rs 2,480 and commercial at Rs 9,530. He said that LPG would be 55% cheaper than petroleum and 65% cheaper than diesel. If the government follows our policy, the price can come down dramatically. LPG is the fuel of the future in Pakistan.

Irfan Khokhar said that Sui Gas will not come even in summer, both Sui Gas companies SNGPL and SSGC are losing billions of rupees annually.

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