Advertisement
Categories: BusinessNews

SNGPL Follows SSGC’s Lead, Requests 147% Gas Price Hike

Advertisement

Following in the footsteps of Sui Southern Gas Company (SSGC), Sui Northern Gas Pipelines Limited (SNGPL) has submitted a request to hike gas prices, seeking a substantial increase of 147%.

SNGPL’s proposal, presented to the Oil and Gas Regulatory Authority (OGRA), aims to implement the price hike by July 1, with a requested increase of Rs2646.18 per Metric Million British Thermal Unit (MMBtu). The company advocates for fixing the new average gas price at Rs4446.89.

Citing a revenue shortfall of Rs189.18 billion, SNGPL underscores the necessity for the price adjustment to address financial constraints.

Read also: SSGC Seeks OGRA Approval for Gas Price Hike

OGRA is scheduled to review Sui Northern’s petition on March 25 in Lahore, with further deliberations scheduled for March 27 in Peshawar.

It’s noteworthy that SSGC previously submitted a similar request to OGRA, seeking a further increase of Rs274.40 per MMBtu in gas prices. With both SSGC and SNGPL advocating for price adjustments, the gas market faces potential significant changes.

Advertisement
Amir Shahzad

Amir Shahzad is a experienced journalist with exceptional leadership skills. Graduated from University of Peshawar, he pitched number of acclaimed stories in the national news channels. At present, serving as senior reporter in a reputed news channel of Pakistan, Amir deliver a vast array of in-depth and informative news packages on country's most strenuous part Khyber Pakhtunkhwa (KPK) bordering Afghanistan. He loves reading and travelling.

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 hours 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)…

10 hours 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,…

2 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…

3 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…

3 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…

3 days ago