LAHORE: The Sui Northern Gas Pipelines Limited (SNGPL) has sought from the Oil and Gas Regulatory Authority (Ogra) to increase gas prices by 147 percent.
After Sui Southern Gas Company(SSGC), the SNGPL also filed a plea with the regulator to hike the price of gas. Sui Northern's gas price hike requested to be implemented from July 1.
SNGPL has requested an increase in the gas price of Rs 2646.18 per mmbt and asked that the new average gas price be fixed at Rs 4446.89.
SNGPL has estimated a revenue shortfall of Rs 189.18 billion.
OGRA will hear the application of SNGPL on March 25 in Lahore, while OGRA will also hear the application on March 27 in Peshawar.
It may be noted that Sui Southern Gas Company (SSGC) has also submitted a request for a further increase in gas price to OGRA. The SSGC had requested the OGRA to further increase gas prices from July 2024.
SSGC has requested an increase of Rs 274. 40 per MMBtu.
A public hearing on the petition is scheduled on March 18 in Karachi, during which the regulatory authority will determine the gas prices.
The Ogra will also hear the petition in Quetta on March 20.
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Earlier, Oil and Gas Regulatory Authority (OGRA) announced a significant rise in the price of liquefied petroleum gas (LPG), impacting citizens already facing financial strain.
