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HomeNationalOGRA approves a 75.35 percent price hike for natural gas.

OGRA approves a 75.35 percent price hike for natural gas.

The Oil and Gas Regulatory Authority (Ogra) approved price increases of 74.42 percent and 75.35 percent for the two gas firms Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) on Wednesday

Ogra granted the two firms’ requests, allowing SNGPL to increase its average prescribed gas prices by Rs406.28/mmBtu and SSGCL to increase its average prescribed gas prices by Rs499.28/mmBtu for the current fiscal year.

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The two corporations had sought the regulator for increases of Rs 1,294.02/mmBtu and Rs 667.44/mmBtu, respectively with effect from July 2022.

For SNGPL customers, the average prescribed gas price, which was previously Rs 545.89/mmBtu, would now be Rs 952.17/mmBtu. For SSGCL customers, the average prescribed gas price increased from Rs 662.63/mmBtu to Rs 1,161.91/mmBtu.

Additionally, Ogra established standard pricing for all consumer groups, including residential, tandoor, commercial, general, and export-oriented sectors. Domestic customers would be most impacted by the tariff increase, with some facing a tripled cost.

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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 customers within 40 days for publication in the official gazette.

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