Ogra has proposed a 10% reduction in gas prices

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Ogra has proposed a 10% reduction in gas prices
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Ogra has proposed a 10% reduction in gas prices

Rs 179.17 per MMB to be reduced for SNGPL, Ogra spokesperson

Lahore: Ogra has also decided to reduce the gas prices by 10% for the financial year 2024-25.

The Oil and Gas Regulatory Authority (OGRA) has issued a notification for determining the revenue requirements of oil companies for the financial year 2024-25, according to which the average proposed price of gas for SNGPL is 1635.90 per mmbtu. It is Rs. The price per MMBTU decreased by 10% ie Rs 179.17.

The financial impact of last year’s shortfall is Rs 862,612 million per petition as claimed by SNGPL and Rs 580,585 million as per OGRA, which has been sent to the federal government for appropriate policy decision.

Similarly, the average proposed price for SSGCL has been fixed at Rs 1401.25 with a reduction of Rs 59.23 per MMBTU i.e. 4%.

A consultation has been requested from the federal government regarding category-wise selling prices. Notification of any revision will be issued by OGRA as per the advice of the Federal Government. Until then, the current category-wise selling prices of natural gas will remain unchanged.

Ogra has proposed a 10% reduction in gas prices