Islamabad- Oil and Gas Regulatory Authority (OGRA) has increased the gas prices from January 1, which has been increased by 8.57% for Sui Southern and 35.13% for Sui Northern, through which the deficit of 98 billion Rs will be met.
Ogra has allowed gas companies to meet a deficit of Rs98 billion of January 1 to June 30, 2024.
This is the second increase in gas prices in the current financial year 2023-24, with the regulator fixing the average price of gas at Rs 1,291 per mmbtu on February 2, 2024, which was earlier fixed on June 2, 2023, had recommended an average increase of 23 pc to Rs.1590 per mmbtu.
As per OGRA’s decisions uploaded on its official website on February 2, 2024, the price of Sui Northern Gas has increased to Rs 1673.82 per mmbtu as against the earlier fixed price of Rs 1238.68 per mmbtu on June 2, 2023.
Similarly, the regulatory has increased the gas price of Sui Southern from Rs 1350.68 per mmbtu to Rs 1466.40 per mmbtu.ends
