REUTERSThe Oil and Gas Regulatory Authority (OGRA) has raised gas prices up to 45 percent in order to meet the revenue shortfall of gas utilities. The oil and gas regulator has allowed Sui Northern Gas Pipeline Limited (SNGPL) to increase prices by up to 45 percent. The gas utility had demanded a 198 percent increase in gas prices. It also allowed Sui Southern Gas Company (SSGC) to increase gas prices by 44 percent in order to meet revenue shortfall for the year 2022-23. SSGC will recover also Rs285 billion from gas consumers through revised gas prices.

Source: The Express Tribune June 04, 2022 12:05 UTC