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Pakistan raises gas prices 7.14% and 4.89% for major companies, reversing earlier expected cuts.
The Oil and Gas Regulatory Authority (OGRA) approved a 7.14% increase in gas prices for Sui Southern Gas Company and a 4.89% rise for Sui Northern Gas Pipelines for Pakistan’s current fiscal year, reversing earlier reports of an 8% reduction.
Final rates are set at Rs1,777.20 and Rs1,852.80 per MMBTU, respectively, with a Rs60.88 billion adjustment for gas companies.
OGRA has proposed a 3% cut for SNGPL and 8% for SSGCL in the upcoming fiscal year, pending government approval.
Current prices remain in effect until formal notification.
The decision follows a review of revenue needs and cost factors, including deferred LNG cargoes.
Federal officials emphasized uninterrupted winter supply amid improved domestic gas availability.
Pakistán eleva los precios del gas un 7,14% y un 4,89% para las principales compañías, revirtiendo los recortes esperados anteriormente.