Advertisement
Categories: News

OGRA Raises Gas Tariffs by 35% Amid IMF Pressure

Advertisement

Pakistan’s Oil and Gas Regulatory Authority (OGRA) has enforced a significant 35.13% increase in gas tariffs, exacerbating the financial strain on consumers already grappling with hefty and unmanageable bills.

The latest hike, the second in the current fiscal year 2023-24, sees a substantial rise in gas tariffs for both Sui Northern and Sui Southern, with Sui Northern witnessing a surge of 35.13% and Sui Southern experiencing an 8.57% increase.

Read also: Pakistan Mulls 41% Gas Price Increase

Under the revised rates, the per MMBTU rate for Sui Northern now stands at Rs1673.82, reflecting a staggering increase of Rs435.14, while Sui Southern’s rate reaches Rs1466.40, up by Rs115.72.

The recommendations for these tariff adjustments have been submitted to the caretaker federal government, awaiting approval before OGRA can officially implement the new rates.

IMF pressure intensified as the organization reportedly demanded Pakistan to raise gas prices by up to 41% by mid-February, refusing to extend subsidies on power tariffs except for those already allocated in the budget.

Advertisement
Zayn

Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.

Recent Posts

Unmissable events in Dubai this June for Pakistani visitors

Dubai has long been a favourite destination for people from Pakistan, offering a vibrant mix…

2 days ago

Bank Alfalah partners with IBA and PAQI to launch Karachi’s first scientific Emissions Inventory Report

Marking World Environment Day, Bank Alfalah, in collaboration with the Pakistan Air Quality Initiative (PAQI)…

2 days ago

Karachi Fault Line Active as City Experiences Multiple Earthquakes Over Two Days

Karachi has been rattled by a series of low-intensity earthquakes over the past two days,…

4 days ago

AI with a Human Touch: The Next Step for Pakistani Banking Industry

No one likes standing in long lines, filling endless forms, or waiting days for a…

5 days ago

Government Weighs Income Tax Cuts, Pay Hikes, and Sector Relief in Budget 2025–26

The federal government is reviewing a series of relief proposals aimed at easing financial pressure…

5 days ago

Emirates Pakistan and Consulate of Italy Ink Partnership to Enhance Diplomatic Travel and Cultural Exchange

Emirates, the world's largest international airline, has signed a Memorandum of Understanding (MOU) with the…

5 days ago