ISLAMABAD – The Oil and Gas Regulatory Authority (OGRA) authorised a massive 45 to 50 percent rise in Sui gas rates beginning July 1. The federal government will make the ultimate decision.
According to OGRA, Sui Northern Gas Pipelines Ltd (SNGPL) and Sui Southern Gas Company (SSGC) might raise gas prices by up to 50% and 45 percent, respectively.
The OGRA judgement allowed an increase in average petrol price of Rs 415 per mmbtu for the SNGPL and an increase of Rs 417.23 per mmbtu for the SSGC.
Following the execution of OGRA’s ruling, the SNGPL’s new average Sui petrol price would be Rs 1238.68 per mmbtu and the SSGC’s would be Rs 1350 per mmbtu.
The OGRA decision will be implemented upon federal government clearance. If the federal government does not accept it within 45 days, the decision will be automatically adopted.