Latest News

OGRA approves 45% increase in gas tariff from July

OGRA approves a 45% increase in gas tariff from July!

The Oil and Gas Regulatory Authority (OGRA) approved an increase in gas prices just a day after a massive increase in the price of petroleum products.

The development comes in a bid to reach a staff-level agreement with the International Monetary Fund (IMF).

“After approving an increase of Rs266.58 per MMBTU the price of gas has now been fixed at Rs854.52 per MMBTU for the SNGPL consumers, according to the notification issued.

“While for SSGC consumers, the price of gas has been fixed at Rs1,007.82 per MMBTU after an increase of Rs308.53 per MMBTU,” the notification read.

Based on the Determination of Estimated Revenue Requirement (DERR) for the financial year 2022-23, a 45% increase has been approved for the Sui Northern Gas Pipelines Limited (SNGPL).

While for Sui Southern Gas Company (SSGC) a 44% hike has been notified.

The new prices will be effective from July 1.

 

 

Saman Siddiqui

I am a freelance journalist, holding a Master’s Degree in Mass Communication and an MS in Peace and Conflict Studies, associated with the electronic media industry since 2006 in various capacities. Here at OyeYeah, I cover a range of genres, from journalism to fiction to fashion, including reviews, and fact findings. 

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button