Sui Northern Gas has asked for an increase in gas prices for the third time this year. Oil and Gas Regulatory Authority (Ogra) is hearing Sui Northern’s request to increase the price of gas by 155% today in Lahore. Chairman Ogra is hearing on Sui Northern’s request. During the hearing, Chairman Ogra said that the prices do not have to increase as much as is being reported in the media. Whatever happens regarding the gas prices will happen from July 1, whether the rates will be approved or not will be decided after review. should be reduced. The prices demanded by SNGPL may also come down. Chairman Ogra added that Ogra also takes into account the problems of domestic, industrial, commercial, and other consumers. Natural gas is declining by 9 percent annually and consumption is increasing. 4 years ago, 3 thousand tons of LPG was being used, now it is 5 thousand tons. It should be noted that Sui Northern has proposed a price of 4 thousand 489 rupees per MMBtu. Sources say that the price of gas will increase. Bills are expected to increase by an average of 155%. The customer whose gas bill was earlier Rs 100 has become Rs 600, now the bill of Rs 600 will be Rs 1500. If the price increase is approved, it will be applied from July 1. Sui Northern Gas Company is estimated to have a shortfall of Rs 189 billion 18 crore in revenue. Keep in mind that the price of gas has increased by 600% in the year before this.
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