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Pakistan Gas Price

File image of Pakistan's Qadirpur gas field, by Usman Mazhar via Wikimedia Commons

Pakistan: After petrol price hike, OGRA approves 45% rise in gas tariff from July

India Blooms News Service | @indiablooms | Jun 05, 2022, at 03:36 am

#Pakistan #PakistanGasPriceHike

Islamabad: In a bid to reach a staff-level agreement with the International Monetary Fund (IMF), Pakistan's Oil and Gas Regulatory Authority (OGRA) has approved a hike in the price of gas.

The approval has been made just a day after a massive increase in the price of petroleum products was announced.

Based on the Determination of Estimated Revenue Requirement (DERR) for the financial year 2022-23, a 45 percent increase has been approved for the Sui Northern Gas Pipelines Limited (SNGPL) while for Sui Southern Gas Company (SSGC) a 44 percent hike has been notified. The new prices will be effective from July 1, reports Geo News.

After approving an increase of Rs 266.58 per MMBTu the price of gas has now been fixed at Rs 854.52 per MMBTu for the SNGPL consumers, a notification issued in this regard revealed.

“While for SSGC consumers, the price of gas has been fixed at Rs 1,007.82 per MMBTu after an increase of Rs 308.53 per MMBTu,” the notification read.

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