IMF conditions: SNGPL requests Ogra to increase gas prices
Hike in gas tariff will put burden of Rs91 billion on consumers.
ISLAMABAD (Dunya News) – To fulfill the condition of the International Monetary Fund (IMF), the Sui Northern Gas Pipelines Limited (SNGPL) has requested the Oil and Gas Regulatory Authority (OGRA) to further increase gas prices.
Hike in gas tariff will put burden of Rs91 billion on consumers.
The SNGPL authorities have requested Rs215 and Rs103 per cubic foot hike hike in the prices of gas and liquefied natural gas (LNG) respectively as Rs91 billion are required for the current fiscal year.
The authorities further stated that losses due to gas theft will also be recovered from the consumers.
Ogra will hear SNGPL’s plea on December 10 and if approval is given, new prices will be applicable from 1st July.
