ISLAMABAD (Kashmir English): The Oil and Gas Regulatory Authority (OGRA) on Monday approved a reduction in gas prices for consumers across the country by 3 to 8 percent, with the final decision to be taken by the federal government.
According to OGRA, the revenue requirement of Sui Northern Gas Pipelines Limited and Sui Southern Gas Company Limited for the financial year 2025-26 has been reviewed.
Thus, the tariffs of Sui Northern Gas Pipelines Limited and Sui Southern Gas Company Limited are likely to be reduced by 8 percent and 3 percent, respectively.
OGRA said that the approval of the reduction in gas prices has been given after reviewing the revenue, effective management of costs, and income.
In addition, the impact of deferred cargo of Pakistan LNG Limited has been included for the benefit of consumers.
The authority further said that under the instructions of the federal cabinet, an adjustment of Rs 13,565 million has been made for Sui Northern Gas Pipelines Limited and Rs 47,315 million for Sui Southern Gas Company Limited, which is related to the past gas shortage or circular debt situation.
Along with this, OGRA has requested the federal government to advise on the gas selling prices according to categories. The current rates will remain in force until new instructions are issued.
