The Oil and Gas Regulatory Authority (OGRA) has increased the prices of gas up to 45 per cent. The decision has been taken to meet revenue shortfall for the year 2022-23.
The new prices will be effective from July 1.
OGRA has allowed Sui Northern Gas Pipeline Limited (SNGPL) to increase the prices to up to 45 per cent while for Sui Southern Gas Company (SSGC), a 44 per cent hike has been approved.
For the SNGPL consumers, the price of gas has now been fixed at Rs854.52 per MMBTU after an increase of 45 per cent.
“While for SSGC consumers, the price of gas has been fixed at Rs1,007.82 per MMBTU after an increase of Rs308.53 per MMBTU,” said a notification.
The developement came two days after the government increased prices of petroleum products up to Rs30 per litre.
