ISLAMABAD: The federal government is reviewing the recommendations of the Oil and Gas Regulatory Authority (Ogra) for an increase in the consumer gas prices for the current financial year 2020-21.
The regulator recommended the government to raise the gas prices for all categories of consumers of the Sui Northern Gas Pipeline Limited (SNGPL) average Rs35 per unit and Rs14 per unit for the Sui Southern Gas Company (SSGC).
The recommendations have been sent to the federal government for consideration.
The Ogra recommended Rs644.87 per mmbtu for the SNGPL and Rs788.59 for the consumers of the SSGC for the current financial year.
Spokesman Petroleum Division states that the federal government is reviewing the recommendations of the Ogra.
The authority said it had sent the provisional determinations to the federal government for the sale price advice.
“Any revision as advised by federal government shall be accordingly notified by Ogra. Till such time, the existing category-wise natural gas sale prices shall prevail.”
Under Section 8(4) of the OGRA Ordinance, the federal government is requested to advise the Ogra, and if the government fails to advice within the said 40 days, then Ogra will be obligated to notify in the official gazette by prescribed price as determined by the authority.
Copyright Business Recorder, 2021