The Oil and Gas Regulatory Authority (Ogra) is attempting to drop a new bomb at a time when the country’s citizens are struggling to make ends meet as a result of skyrocketing inflation by recommending a 74% increase in the price of natural gas beginning on July 1.
The Sui Northern Gas Pipelines Ltd. (SNGPL) and the Sui Southern Gas Company (SSGC) would be allowed to raise gas prices by up to 67.75 percent, according to the recommendation.
After the federal government grants its approval, Ogra’s decision will be implemented. The decision will be implemented automatically if the federal government does not approve it within 40 days.
Ogra’s decision says that the SNGPL will get a gas price increase of Rs406.28 per mmbtu and the SSGC will get a price increase of Rs469.28 per mmbtu.
The SNGPL currently costs Rs545.89 per mmbtu on average, but if Ogra’s decision is implemented, the new price will be Rs952.17 per mmbtu.
In a similar vein, the SSGC currently costs Rs692.63 per mmbtu, whereas its new price will be Rs1,161.91 per mmbtu.
After receiving approval from the federal government, Ogra’s decision will take effect, and if the Centre does not approve it within forty days, the decision will take effect automatically.
