The Oil and Gas Regulatory Authority (OGRA) chairperson has said that the hike in gas price was inevitable and an increase of 75-80pc in the price was expected in the coming months, according to a media report. OGRA Chairperson Uzma Adil said this during a public hearing on hike in gas prices on Monday. The devaluation of Pakistani rupee against US dollar is also a factor behind the proposed hike in gas price, the OGRA chief added. Uzma Adil informed that the OGRA has sought Rs732 per MMBTU (Million British Thermal Unit) per unit hike in gas price. Earlier, in compliance with Prime Minister Imran Khan’s direction, Sui Northern Gas Pipelines Limited on March 11 had announced to compensate overbilled gas consumers.

Source: Pakistan Today April 15, 2019 18:22 UTC