Islamabad: The federal government, while granting approval for an increase in gas prices for domestic consumers, has issued a notification for a 172% hike in gas prices.
According to a statement released by the Oil and Gas Regulatory Authority (OGRA), the prices for protected consumers using 25 to 90 cubic meters of gas per month have not been increased. However, the fixed charges for protected consumers have been raised from 10 rupees to 400 rupees, and this will take effect from November 1.
For non-protected domestic consumers, gas prices have seen an increase of more than 172%. As per the announcement, the prices for consumers using 25 cubic meters of gas per month have been increased from 200 to 300 rupees per MMBTU (Million British Thermal Units), for those using 60 cubic meters per month, the price has gone up from 300 to 600 rupees per MMBTU, and for those consuming 100 cubic meters or more per month, the price has been raised from 400 to 1000 rupees per MMBTU.
The price of gas for industries varies, with a rate of 600 rupees for tandoors, 1050 rupees per MMBTU for power plants, 4400 rupees for the cement sector, and 3600 rupees for the CNG sector.
It should be noted that earlier, there were reports that the federal cabinet had halted the immediate increase in gas prices, but a sudden notification has now been issued, increasing gas prices significantly.