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Sunday, November 24, 2024

Home Business SNGPL proposes 3rd time price hike in a year

SNGPL proposes 3rd time price hike in a year

by News desk
March 25, 2024
in Business

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The Sui Northern Gas Pipelines Limited (SNGPL) For the third time in a year has proposed a significant increase in gas prices.

A hearing regarding the increase in gas prices is scheduled to take place in Lahore on March 25th. According to sources, the SNGPL has recommended a price of 4489 rupees per MMBTU.

Reports suggest that this increase in gas prices could result in an average hike of up to 155 percent for consumers. Despite a previous increase of up to 500 percent over the past year, the company has been unable to reduce its losses. During the hearing, domestic and industrial sectors are expected to present reasons against raising gas prices.—INP