HomeBusinessEconomy74% Hike in Sui gas prices approved

74% Hike in Sui gas prices approved

A price rise for natural gas of up to 74% has been allowed by the Oil and Gas Regulatory Authority (Ogra), despite the fact that the country’s citizens are already having difficulty making ends meet due to rising inflation.

The Sui Southern Gas Company (SSGC) and the Sui Northern Gas Pipelines Ltd. (SNGPL) would each be allowed to boost gas prices by up to 74.42 percent and 67.75 percent, respectively, according to the specifications.

Ogra’s decision will be put into effect after receiving federal government clearance. The choice will be automatically carried out if the federal government does not approve it within 40 days.

Increases of Rs406.28 and Rs469.28 per million British thermal units (mmBtu) for SNGPL and SSGC, respectively, have been approved by the oil and gas regulator.

According to OGRA, the average gas price for SNGPL would increase from Rs545.89 per mmBtu to Rs952.17 per unit, while the average gas price for SSGCL would increase from Rs692.63 per mmBtu to Rs1,161 per unit.

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Liquefied petroleum gas (LPG) prices were previously raised by Rs. 5 per kilogramm without an OGRA notification.

After a Rs5 increase, the cost of LPG has risen to Rs260 per kg from Rs255. Domestic and commercial cylinder costs have up by Rs. 60 and Rs. 230, respectively.

Murree offers gas at Rs270 per kilogramme, whereas Gilgit-Baltistan and Skardu charge more than Rs300 per kilogramme.



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