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Tuesday, November 5, 2024

Home Top News 50pc hike in natural gas prices

50pc hike in natural gas prices

by News desk
June 3, 2023
in Top News

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The Oil and Gas Regulatory Authority on Friday determined up to 50 percent increase in the prescribed prices of natural gas for the fiscal year 2023-24 to meet revenue requirements of the two gas utilities — SNGPL and SSGC.

According to a notification, the regulatory authority determined the revenue requirements of Sui gas companies for fiscal year 2023-24, increasing the average per MMBTU price for SNGPL and SSGC by 50% and 45% respectively.

The average prescribed price per MMBTU of gas is recommended as Rs1238.68 and the increase in price per MMBTU is Rs415.11 with an increase percentage of 50 percent for SNGPL