ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Monday approved an increase in tariff for consumers of the Sui Northern Gas and Sui Southern Gas days after approving a whooping hike in electricity prices.
Reports said the authority has nodded a 50% hike for Sui Northern and 42% for Sui Sothern, increasing the per MMBtu rate by Rs415.55 and Rs417, respectively.
Following the surge, the new prices for the Sui Northern consumers would reach Rs1,238.68/MMBtu and Rs1,350.68 for the Sui Southern.
OGRA has sent the matter to the federal government for final decision as the Prime Minister Shehbaz Sharif-led government is scrambling to meet the IMF conditional following the $3 billion loan agreement.
If approved, the new tariff would come into effect from July 1st for all domestic, commercial, and industrial consumers.
Last week, the federal cabinet approved a massive hike in electricity base tariff by Rs3.50 to Rs7.96 per unit.
