KARACHI – From the next fiscal year, there is a possibility of further increase in gas prices for consumers in Sindh and Balochistan, for which Sui Southern Gas Company has submitted a request.
Sui Southern Gas Company has requested to increase gas prices from July 1, 2024.
SSGC has requested an increase of Rs 274.40 per MMBtu in gas prices, and has requested to set the new average price of gas at Rs 1740.80.
In the request, Sui Southern has estimated a total revenue shortfall of Rs 79.63 billion, including Rs 56.69 billion for local gas and Rs 22.93 billion and 50 lakhs for RLNG shortfall.
Ogra will hold a hearing on Sui Southern’s request in Karachi, while a hearing on the request will also be held in Quetta on March 20 by Ogra.
According to Ogra, a hike of Rs. 49.63 per MMBtu has also been requested in the RLNG sector. Thus, an overall increase of Rs. 324 per MMBtu has been requested for local gas and RLNG.
