Gas Prices to Reportedly Remain Unchanged – Research Snipers

Gas Prices to Reportedly Remain Unchanged

new gas reserves

new gas reserves

The government will most likely keep the gas prices unchanged for the month of October. Due to the impending gas crisis, the government will reportedly keep gas prices the same for the domestic consumers and tandoors.

On the other hand, it has been proposed by the Petroleum Division that the Economic Coordination Committee (ECC) should raise the gas prices to be used as the feedstock in the fertilizer sector by 14.8%. This would lead to an increase in the urea prices by Rs75-100 per bag.

According to the details, it has been proposed by the ECC to increase the gas prices used as fuel in the fertilizer sector by 4.4%. It has been proposed by the Petroleum Division to increase by 3.9% for commercial consumers.

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The Petroleum Division has given a proposal for a reduction in the gas prices by up to 12.3% for captive power plants, 15.2% for captive plants in the textile sector. Similarly, it has been proposed to decrease gas prices by 4.5% for the gas sector, 5.8% for CNG stations, 3.9% for the cement industry, and 5.4% for the power sector.

Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) two of the gas utility companies are operating on the cost-plus return basis under the Oil and Gas Regulatory Authority (Ogra) license.  

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