Islamabad (The COW News Digital) The Oil and Gas Regulatory Authority (OGRA) has approved an increase in gas prices for the current fiscal year, raising average rates by up to 7.14 percent. The decision comes after earlier claims of a potential reduction in prices, highlighting a shift in the regulatory authority’s assessment of energy costs.
According to OGRA, the new approved rate for Sui Northern Gas Pipelines Limited (SNGPL) is set at Rs 1,852.80 per MMBTU (million British thermal units). Meanwhile, for Sui Southern Gas Company (SSGC), the approved price has been fixed at Rs 1,777.02 per MMBTU.
The approval of the price hike marks a reversal from previous statements by OGRA officials, who had earlier suggested that gas prices could see an average reduction of up to 8 percent for the fiscal year. Officials clarified that instead of a decrease, a moderate increase has now been authorized, reflecting adjustments in supply costs and other economic factors affecting the energy sector.
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Energy analysts note that the price increase is likely to impact both industrial and domestic consumers, as higher gas tariffs will translate into increased utility bills and operational costs for industries. The rise also underscores ongoing challenges in balancing energy affordability with the sustainability of gas supply and infrastructure.
OGRA’s decision comes amid broader discussions on energy sector reforms and the need to ensure a stable gas supply to meet growing demand. While the increase is moderate, stakeholders in the energy and industrial sectors are closely monitoring its implementation and potential implications for production costs and household budgets.
The regulatory authority emphasized that the revised rates are intended to reflect current market conditions, cost of supply, and long-term sustainability of the gas distribution network. Both SNGPL and SSGC are expected to adjust billing accordingly to comply with OGRA’s directives.
Consumers are advised to remain informed about the updated tariff rates, which are expected to come into effect immediately, and plan for potential changes in monthly utility expenses.
The decision by OGRA highlights the delicate balance between maintaining energy sector stability and addressing consumer affordability in Pakistan’s evolving energy landscape
