Pakistan may see 50 percent rise in natural gas prices from next month: Reports
Pakistani consumers can expect to see some troubled times next month as natural gas prices might increase by 50 percent.
On Friday, the Oil and Gas Regulatory Authority (Ogra) concluded its determinations for two struggling state-run gas utilities and submitted them to the government for issuance of a notification. For the upcoming fiscal year 2023-24, Ogra has calculated an estimated revenue requirement (ERR) of Rs697.4 billion to be collected from gas consumers. The Sui Northern Gas Pipeline Limited (SNGPL), responsible for gas supply to consumers in Punjab and Khyber-Pakhtunkhwa (KP), will collect Rs358.4 billion, reports The News International.
Meanwhile, the Sui Southern Gas Company (SSGC), which supplies gas to consumers in Sindh and Balochistan, will collect Rs339 billion, the newspaper reported.
The average prescribed price determined by Ogra for SNGPL stands at Rs1238.68/MMBTU, reflecting a 50 percent increase or Rs415.11 compared to the existing price.
Similarly, the average prescribed price for SSGC is set at Rs1350.68/MMBTU, representing a Rs 417.23 increase or 45 percent.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
Love in Canberra! Australian PM Albanese ties the knot with Jodie Haydon
Australian Prime Minister Anthony Albanese married his partner Jodie Haydon on Saturday, becoming the first sitting leader in the country to wed while in office.
Operation Sagar Bandhu: India sends NDRF teams, 21 tonnes of aid to cyclone-ravaged Sri Lanka
Colombo/IBNS: The Indian Air Force (IAF) on Saturday transported 21 tonnes of relief supplies, more than 80 National Disaster Response Force (NDRF) personnel, and eight tonnes of specialised equipment to Sri Lanka to support thousands displaced by severe flooding.
US: National Guard member Sarah Beckstrom, who was shot by Afghan national Rahmanullah Lakanwal, dies, announces Trump
US President Donald Trump on Thursday announced that one of the National Guard members, who was shot by a gunman in Washington DC, close to the White House, has died.
Horror in Hong Kong: Deadly fire disaster leaves 94 dead and a city in shock
The death toll in the Hong Kong high-rise housing complex blaze, one of the deadliest recorded in the region in recent times, has touched 94, media reports said.
Latest News
'Congratulations to my good friend': Modi’s heartwarming wish for newly married Aussie PM Anthony Albanese
Realme C85 5G launched in India: You won’t believe what this budget phone offers
Realme P4x launching on Dec 4 with a 7000mAh battery, Dimensity 7400 Ultra 5G chipset, and the new Realme Watch 5
Tripura’s first Commercial Coffee Common Facility centre inaugurated at Kailashahar
