Islamabad: Pakistan’s two gas utilities Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) on Monday have demanded up to 220 per cent increase in gas prices to meet estimated revenue requirement (ERR) during the fiscal year 2021-22.
As per details, the gas firms have submitted their petitions with Oil and Gas Regulatory Authority (Ogra), seeking increase in gas tariff from July 01, 2021.
The SSGC has asked for an increase in tariff by Rs.109.78 and SNGPL seeking Rs. 857.40 increase.
Likewise, the Karachi-based SSGCL has sought Rs. 153 per unit or 20 percent increase in its previous price for the next financial year, from about Rs. 779 per unit to about Rs. 932.
The SNPGL supplies gas to Punjab and Khyber Pakhtunkhwa and it’s the existing prescribed price approved by Ogra stands at about Rs. 645 per mmbtu.
Interestingly, the exclusive rights of SNGPL over its franchise areas of Punjab and KP have expired.
Gold prices surge again today after a day dip
- 3 hours ago
Cloudy weather again in areas of Karachi today
- 3 hours ago
EchoStar offloads satellite spectrum to SpaceX for $17 billion
- 3 hours ago
Famous Chinese actor dies after falling from 5th floor
- 19 minutes ago
Pakistan calls Israeli attack on Qatar ‘violation’ of int’l law
- 2 hours ago
Chahat Fateh Ali Khan announces action against UK eatery for sharing egg attack video
- an hour ago
New European Union ambassador to Pakistan assumes position
- 2 hours ago
Famous Indian actress jumps off moving train
- 4 hours ago
Attack on Qatar: UAE prevents Israel from participating in air show
- 2 hours ago
China agrees for training, scholarships for Pakistani engineers
- 2 hours ago
Microsoft, OpenAI reach non-binding deal to allow OpenAI to restructure
- 3 hours ago
France proposes social media ban for children under 15
- 27 minutes ago
