OGRA recommends 74% increase in sui gas prices.
At a time when the people of the country are finding it hard to make ends meet due to skyrocketing inflation, the Oil and Gas Regulatory Authority (Ogra) is seeking to drop a new bomb as it recommended an increase of up to 74% in the natural gas price from July 1.
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%.
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 Ogra's decision, an increase in gas price of Rs406.28 per mmbtu has been approved for the SNGPL and an increase of...
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