In a significant development, the Oil and Gas Regulatory Authority (OGRA) has wrapped up its hearing on the plea filed by Sui Northern Gas Pipelines Ltd (SNGPL) seeking a substantial 155% increase in gas tariff. The conclusion of the hearing sets the stage for a crucial decision, with Chairman OGRA indicating that any adjustments to the gas price will take effect from July 1st.
SNGPL’s proposal for a significant tariff hike has garnered attention and debate, particularly from stakeholders such as the Lahore Chamber of Commerce and the All Pakistan Textile Mills Association (APTMA), who have vehemently opposed any further increases. They argue that such hikes would place undue financial burden on consumers and advocate for measures to curtail expenditures within gas companies instead.
If approved, the proposed tariff hike could have significant implications for consumers, with projected increases ranging from 100% to 250% in gas bills. However, Chairman Masroor Ahmed Khan has emphasized that the final decision may not necessarily align with the speculated figures, underscoring the need for a balanced approach in determining the new gas prices.
As OGRA deliberates on the matter, all eyes remain on the impending decision, which will have far-reaching implications for consumers, industries, and the overall economy. With the decision slated to come into effect from July 1st, stakeholders await clarity on the future trajectory of gas tariffs in the country.
