Petroleum Division has re-submitted a summary for upto 50 percent raise in gas sale prices to the interim cabinet in-line with the demand of the International Monetary Fund (IMF), an official of Petroleum Division told republic policy on condition of anonymity.
“It is most likely that the interim cabinet will approve the sale price of gas for 12 categories of protected and non-protected consumers in the current month (September),” he maintained.
After the approval from cabinet, Petroleum Division would notify the category-wise consumer sale price with effect from July 1, 2023, he added.
OGRA had recommended to raise gas prices for consumers of the Sui Northern Gas Pipeline Limited (SNGPL) by 50 percent and for the Sui Southern Gas Company (SSGC) by 45 percent increase on June 3, 2023.
Pakistan Democratic Movement (PDM) government however did not increase the price of gas and was in violation of the law as under the OGRA Ordinance 2022, the federal government is bound to advise the regulatory authority on minimum charges.
