ISLAMABAD – The Oil and Gas Regulatory Authority (OGRA) has received asummary from two major gas companies Sui Northern Gas Pipe Lines (SNGPL)and Sui Southern Gas Company Ltd (SSGCL), asking it to increase the gasprices further.
The gas companies have demanded a hike of Rs. 106 per MMBtu in the pricesof gas in the latest summary which has been set for hearing.
OGRA has constituted a three-member committee headed by the chairpersonherself, Uzma Adil.
The committee has started public hearings on the issue.
The first public hearing was conducted in Karachi on April 7, the secondhearing was today (April 10) in Quetta. The process of public hearings willgo on till April 18 in major cities of the country including Lahore,Peshawar, and Islamabad.
During these hearings, chairman OGRA Uzma Adil, along with two members ofthe regulatory body, will hear public objections on the demand of pricehike yet again.
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According to the summary, the companies want to increase the gas pricesfrom July this year.
Currently, the consumer price for per MMBtu gas in Pakistan is Rs. 1,450,which would reach Rs. 1,556 after the probable price hike.
While the reason for this outrageous demand is still unknown, people wantthe companies to comply with Prime Minister Imran Khan’s order ofreimbursement of the excessive billing amount illegally charged during thelast few months.
Via: *Jang link*
