Pakistan Market: OGRA recommended average 20% hike in gas prices effective from Jan 01, 2024 – By Topline Research
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">As per news reports, Oil and Gas Regulatory Authority (OGRA)
has recommended a 20% increase in average gas price to Rs1,590/MMBTU, up from
the previous rate of Rs1,327/MMBTU in Nov-2023.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">To note, this marks second gas price hike in FY24 as in
Nov-2023 government increased average gas prices by 70-80%.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">As per news reports, OGRA recommend 35% increase in gas
tariffs for Sui Northern (SNGP) to Rs1,674/MMTU and 9% increase in gas tariffs
for Sui Southern (SSGC) to Rs1,466/MMBTU effective from Jan 1, 2024, to address
Rs98bn revenue shortfall until June 30, 2024...
