ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) announced an increase in gas prices for general industry (captive power plants) by Rs250 per million British thermal units (MMBTU).
The regulator on Monday issued a notification in this regard, clarifying that the rates for domestic consumers will remain unchanged.
After the hike, the gas price for captive power plants has been reached at Rs 3,000 per MMBTU with immediate effect.
Ogra said in a statement that the federal government had the sole jurisdiction to fix sale prices for different categories of gas consumers, considering its socio-economic agenda and sectoral policies.
In a separate notification, Ogra hiked the prices of liquefied petroleum gas (LPG) cylinders by Rs1.43 per kilogramme from July 1, 2024. According to an Ogra notification,
Earlier, the federal government denied Ogra’s summary to slash gas prices by up to 10% for public utilities, from the financial year 2024-25, starting July 1. Instead, it decided to keep the sale prices unchanged for all consumers except the captive power.
The regulator reduced the tariff while determining the revenue requirements of Sui gas companies for the current fiscal year.
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