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Gas price

Gas prices are expected to increase by 54%

SNGPL and SSGC filed in writing with OGRA and sought a 54 percent hike in Gas price for the next fiscal, which is meant to fill wide revenue gaps. The watchdog has fixed public hearings pertaining to the two proposals and, accordingly, scheduled the OGRA hearing of SNGPL on November 5 and that of SSGC on November 8. In comparison, Karachi-based SNGPL has estimated a shortage of PKR 20.85 billion in terms of revenue, which also includes PKR 480 million for the LPG air mix project. As much as PKR 64.16 per MMBTU, or an increase of 3.66%, is needed for this purpose. Karachi-based SSGC has estimated its shortage at PKR 140 billion and is expecting a 53.5% increase, or a hike of PKR 669 per MMBTU, to raise the average price from PKR 1,251 to...
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