ISLAMABAD – Despite 400 percent massive increase in natural gas tariff in past one year, the Oil and Gas Regulatory Authority (Ogra) has recommended further hike in gas prices.
Reports citing sources at petroleum ministry suggested that the regulatory authority had sought 41pc increase in the gas tariff, a move if approved will put more burden on inflation-bitten public.
The caretaker federal government is expected to take a decision in this regard by the end of this month.
Meanwhile, Sui Southern Gas Company has issued a notification enforcing new tariff for residents of Karachi amid loadshedding.
The new tariff has been implemented from November 2023 while domestic consumers have been divided into two categories – protected category and non-protected category.
All customers who consumed 91CM gas or above in four months (November to February) will fall in “non-protected” category while people consuming below 91CM will be called “protected”.
Consumers falling in protected category will have to pay Rs400 in wake of fixed charges while their bill hover between Rs650 to Rs1,350. The non-protected customers can be charged as low as Rs1,440 and up to Rs87,000 or above.
The company will receive Rs400 meter rent and 18 percent general sales tax from customers of both categories whether gas is consumed or not.
The non-protected customers consuming below 150CM gas will have to pay Rs1,000 and up to Rs2,000 on their bills.
In both categories, the average bill amount will increase as gas consumption increases.