Islamabad: The Oil and Gas Regulatory Authority (OGRA) has made a significant announcement regarding gas tariffs, implementing substantial increases to meet the demands of the International Monetary Fund (IMF). This move has raised concerns among domestic and industrial consumers alike.
As per the official notification issued by OGRA, the gas tariffs have been raised by a staggering 200 percent, with domestic consumers bearing the brunt of a 172 percent increase. These tariff adjustments are set to come into effect on November 1, causing immediate economic repercussions.
Among the most notable changes are the fixed monthly charges for protected domestic consumers, which have skyrocketed by an astounding 3900 percent, jumping from a mere Rs10 to Rs400.
Here are the key details of the revised gas tariffs, illustrating the per mmBtu rates for various consumer segments:
Other segments are also significantly impacted by the tariff changes:
It is important to note that the caretaker federal government initially informed the public of the impending gas price increases on October 30, with the implementation scheduled for November 1.
The Petroleum Division issued a notification outlining the significant price hikes for various sectors, including domestic, export, non-export units, CNG, cement, and more.
This decision follows the approval of multiple summaries, including the revision of natural gas pricing, by the Economic Coordination Committee (ECC) of the Cabinet on October 23.
Additionally, the Ministry of Energy’s (Petroleum Division) proposal for the revision of natural gas sale pricing for the fiscal year 2023–24 has been approved, becoming effective prospectively on November 1, 2023, instead of the initially planned date of October 1, 2023.
ABU DHABI: Al Masaood Bergum, part of Al Masaood Group, and a leading tailor-engineered modular…
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday ordered an immediate release of Rs23 billion to…
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday directed the authorities concerned to develop a mobile…
BEIJING: Deputy Prime Minister and Foreign Minister Ishaq Dar on Monday reached Beijing on a…
Prime Minister Shehbaz Sharif has called for a high-level meeting on Monday to address AJK…
In a recent meeting upon AJK Issues, with a delegation from the Azad Jammu and…