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HomeBusinessEconomyAfter Petrol, Gas govt drops Gas bomb on people

After Petrol, Gas govt drops Gas bomb on people

The Oil and Gas Regulatory Authority (Ogra) decided on Friday to boost prescribed natural gas prices by 45 percent for the fiscal year 2022-23 to meet revenue requirements of the two gas utilities — SNGPL and SSGCL — as part of ongoing efforts to revive a stalled IMF program.

The increased prices will go into effect on July 1st.

After a 45 per cent hike, the price of gas for SNGPL customers has been set at Rs854.52 per MMBTU.

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

The development occurred two days after the government raised petroleum product prices by Rs30 per litre.

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