The Oil and Gas Regulatory Authority (OGRA) carries out the natural gas price determination for Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL), inter alia, in the light of next fiscal year revenue requirements.
“It is well within the government’s ambit to advise OGRA of any concessions/special price regimes for specific sectors to be considered while determining the sale price,” OGRA said in a statement issued on Saturday. “The latest OGRA gas price determination issued on 10 December 2019 is under active consideration by the Ministry of Energy.”
As per the statement, this recommendation is for an increase in natural gas prices for the consumers all across the spectrum. The purported increase in the fertilizer feedstock price is over 236pc, from Rs300/MMBTU to over Rs706/MMBTU. At the same time, the fuel price increase is also on the cards, though nowhere close to the unjust and uncalled for increase in the feedstock prices. The government has 40 to act/decide on the advice of OGRA.
“It is given to understand that the latest agreement between the government and International Monetary Fund (IMF) necessitates that the government fulfils this obligation,” the statement said.
