Starting July 1, 2024, the federal government will not reduce natural gas prices for the general public, despite a recommendation from the Oil and Gas Regulatory Authority (OGRA) to lower them by 10%. Instead, the government has chosen to increase gas prices specifically for captive power plants (CPPs). The new rate for CPPs will be…
The government of Pakistan has decided to decrease the price of petrol by Rs15.39 for May 2024, bringing the new rate to Rs273.10 per liter. This reduction in petrol and diesel prices follows the recommendation of the Oil and Gas Regulatory Authority (OGRA). According to a notification from the Finance Ministry, the price of petrol…
Abdul Sami Khan, speaking at a press conference in Karachi, expressed grave concerns about the plan to deregulate fuel prices. He emphasized that if this were to happen, it would lead to significant harm to both the fuel industry and the general public, who might face difficulties accessing quality fuel. According to Khan, the deregulation…
Residents of Pakistan are confronting persistent inflationary pressures, with Sui Northern Gas Pipelines Limited (SNGPL) now advocating for a substantial rise in gas tariffs. According to reports from local media outlets, the Sui Northern Gas company has put forth a proposal for the third gas price hike in 2024. Insiders familiar with the situation have…
OGRA Responds to LPG Price Surge Amid Ample Supply The Oil and Gas Regulatory Authority (OGRA) has reacted to recent market reports indicating a significant uptick in LPG prices, despite abundant stocks of LPG molecules being available within the country. Preliminary investigations suggest that the artificial inflation of LPG prices stems from hoarding practices, with…