Islamabad: The Oil and Gas Regulatory Authority (OGRA) recommends an increase of 74pc in gas price from July 1st. The recommendation comes off as rather seeking to drop a new bomb as it comes at a time when the people are finding it hard to make ends meet due to skyrocketing inflation.
OGRA’s decision will be implemented after the approval of the federal government. If the federal government does not approve it within 40 days, the decision will be implemented automatically.
According to the recommendation, the Sui Northern Gas Pipelines Ltd (SNGPL) would be allowed to increase gas prices by up to 74.42% and the Sui Southern Gas Company (SSGC) by 67.75%.
According to Ogra’s decision, an increase in gas price of Rs406.28 per mmbtu has been approved for the SNGPL and an increase of Rs469.28 per mmbtu for the SSGC.
The current average price of the SNGPL is Rs545.89 per mmbtu while after the implementation of Ogra’s decision, the new price would be Rs952.17 per mmbtu.
Similarly, the current price of the SSGC is Rs692.63 per mmbtu while the new price would be Rs1,161.91 per mmbtu.
The situation of energy cost in the country is already straining the citizens f the country.
