Yesterday, Prime Minister Imran Khan approved the gas price increase in Pakistan.
PM Imran Khan approved 46% gas price increase in Pakistan after accpeting Oil and Gas Regulatory Authority’s (OGRA) request.
Imran Khan has likewise coordinated to create systems to control gas burglary of Rs50 billion. OGRA had decided the gas value climb in June this year.
Amid a preparation session for the PM gone to by senior authorities, he was informed on the oil and gas segments.
Sui Southern Gas Company (SSGP) and Sui Northern Gas Pipelines (SNGP) a week ago asked for to build gas costs with a specific end goal to enhance their budgetary conditions. The SNGP said that it was losing Rs230 on every unit of gas.
Amid the preparation, improvements in regards to the Tajikistan-Afghanistan-Pakistan-India (TAPI) and Pakistan-Iran gas pipeline were likewise specified.
Imran Khan likewise coordinated to guarantee that a far reaching intend to restore the oil and gas segment with clear due dates be exhibited before him.
OGRA decided a cost climb of up to 186 percent for the poorest classifications of business and household clients. However, rates for different segments were expanded between 27-31 percent for SSGP and SNGP.
The SSGC needs Rs167 billion amid the following monetary years while the SNGP needs Rs287bn, as indicated by OGRA.
SSGC supplies gas to Sindh and Balochistan while SNGP supplies to Punjab and Khyber Pakhtunkhwa (KP).