OGRA recommends gas price cuts to provide relief to consumers

Islamabad (Web Desk): The Oil and Gas Regulatory Authority (OGRA) has issued recommendations for reducing gas prices for all gas companies across the country, based on consumer interests and financial discipline.

According to OGRA’s recommendations, a 3% reduction in gas prices is proposed for consumers in Islamabad, Punjab, and Khyber Pakhtunkhwa, while an 8% reduction is recommended for consumers in Sindh and Balochistan.

The new average gas prices have been set at Rs. 1804.08 per MMBTU for Sui Northern Gas Pipelines Limited (SNGPL) and Rs. 1549.41 per MMBTU for Sui Southern Gas Company (SSGC).

OGRA clarified that the impact of delayed LNG cargoes and financial adjustments has been included in favor of consumers. Adjustments of Rs. 13.565 billion for SNGPL and Rs. 47.315 billion for SSGCL have been incorporated.

OGRA has forwarded its recommendations to the federal government, which will make the final decision on gas prices. Until government directives are issued, current gas prices will remain unchanged.

OGRA stated that the purpose of these price reductions is to reduce the financial burden on consumers while maintaining transparency and balance in the financial operations of gas companies. This move aims to provide relief to the public and ensure that energy prices remain at an affordable level for both industrial and household consumers.