Islamabad: The Oil and Gas Regulatory Authority (OGRA) has proposed a reduction in gas prices for consumers across Pakistan, aiming to provide relief while maintaining financial discipline within the sector.
As per the recommendations, gas prices for consumers in Islamabad, Punjab, and Khyber Pakhtunkhwa are set to decrease by 3%, while a more significant reduction of up to 8% is suggested for consumers in Sindh and Balochistan.
For Sui Northern Gas Pipelines Limited (SNGPL), the new average price has been fixed at Rs. 1804.08 per MMBTU, while Sui Southern Gas Company (SSGC) will see a price of Rs. 1549.41 per MMBTU.
OGRA explained that the adjustments reflect the impact of delayed LNG cargoes and financial reconciliations in favor of consumers. These include Rs. 13.565 billion in adjustments for SNGPL and Rs. 47.315 billion for SSGCL.
The regulatory body has forwarded its recommendations to the federal government, which will make the final decision on the price changes. Until then, the current gas tariffs will remain in place.
OGRA emphasized that the proposed price cuts are aimed at easing the financial burden on consumers while ensuring transparency and stability in the financial operations of the gas companies. This initiative is intended to provide economic relief to the public and keep energy costs at manageable levels for both households and industries.
