Govt hikes gas price by 113pc

Canada Global (Web News) The Oil and Gas Regulatory Authority (OGRA) has announced an increase in the gas tariff for oil categories of 16.6% to 113pc for the period of January to June 2023.

The change occurs soon after the coalition administration drastically raised the cost of fuel products.

The authority claims in a statement that the Ministry of Energy’s Petroleum Division conveyed the federal cabinet-approved decision of the Economic Coordination Committee (ECC) about the pricing of gas sales, which would take effect on January 1, 2023.

The OGRA informed the sale pricing for each category of retail natural gas users after receiving the aforementioned advise.

Domestic gas use of up to 100 cubic metres has seen a 16.6% price hike from Rs300 to Rs350.

Domestic gas use up to 100 cubic metres has seen a 16.6% price increase, going from Rs300 to Rs350 per MMBTU, or a rise of Rs50 per MMBTU. The price per MMBTU for domestic customers who use 200 cubic metres has increased by 32%, from 553 to Rs730.

For consumers of up to 300 cubic metres of gas, a 69 percent increase in the pricing has been approved; they will now pay Rs. 1,250 per MMBTU, up from Rs. 738 per MMBTU. The price for home customers using up to 400 cubic metres of gas has increased by 99 percent, or from Rs. 1,107 to Rs. 2,200 per MMBTU.

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