Islamabad: The Oil and Gas Regulatory Authority (Ogra),, by the policy guidelines of the federal government, notified the natural gas sale prices effective from November 1, 2023, on Wednesday.
The federal government, under sections 7(1) 8(3) and 21(2)(h ) of the Ogra Ordinance, 2002, advised the revised category-wise natural gas sale prices to the Ogra for notification.
The federal government has the sole jurisdiction to fix sale prices for different categories of natural gas consumers considering socioeconomic agenda and sectoral policies while making adjustments in cross-subsidy and gas development surcharge, Ogra said in a statement.
On October 23, 2023, the interim cabinet approved a substantial increase in natural gas tariff by up to 193 per cent to meet one of the the International Monetary Fund (IMF) conditionalities.
