OGRA has said the gas price in Pakistan is likely to be increased by 75% to 80% in the next fiscal year.
“The gas price in Pakistan would likely to be increased by 75% to 80%. The new rates will be applied from the next year,” said OGRA Chairperson Uzma Adil on Monday in an interview with media after a public hearing of OGRA. “That surge in gas prices is inevitable,” she further added.
Gas price in Pakistan has not been increased for the past two years. Increase in the exchange rate of dollar is also a factor behind this increase.
The Ogra chairperson said that they will not lead the gas company to bankruptcy.
when she was asked about the overbilling in winters, the chairperson quoted the reason was gas slab and pressure factor.
“The consumers who were overcharged will be refunded. The prime minister’s committee will determine who was responsible for overbilling,” she added.
Earlier, representatives of the Sui Northern Gas Pipelines Limited (SNGPL) and other companies demanded a hike in gas prices during the hearing.
Speaking at the public hearing, a central leader of the All Pakistan CNG Association (APCNGA) Ghiyas Paracha also said the recovery of all the losses from the CNG sector is unjustified and unacceptable.