OGRA approves up to 191pc increase in gas prices

[StormBreaker]

ISLAMABAD: In order to meet the revenue shortfall of the Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL), the Oil and Gas Regulatory Authority (OGRA) has approved 17pc to 191pc increase in the gas prices for the period starting from January 2020 till June 2020.

This would be the third massive surge in gas prices under the rule of Pakistan Tehreek-e-Insaf (PTI) government.

According to details, the gas price for domestic gas consumers has been increased by 191pc, while that for the fertilizer sector has been hiked by 135pc hike. Similarly, a 31pc surge has been approved for consumers falling under the category of roti tandoor, commercial, industrial, zero-rated export industry, captive power plants, compressed natural gas (CNG), cement and power plants.

Following the OGRA’s decision, SNGPL would earn a revenue of around Rs244 billion while SSGCL would earn approximately Rs275 billion during the said period. With effect to this increase, the price of local gas for CNG consumers in Khyber Pakhtunkhwa, Balochistan and Sindh would be more expensive than imported gas.

As per the documents, tariff for the first slab of domestic gas consumers has been increased from Rs121 per Million British Thermal Unit (MMBTU) to Rs232/MMBTU; second slab tariff has been increased from Rs300/MMBTU to Rs353/MMBTU; third slab tariff has been fixed at Rs530/MMBTU; fourth set at Rs706/MMBTU; fifth at Rs1273/MMBTU; while sixth tariff slab has been fixed at Rs1679/MMBTU.

Similarly, the tariff for roti tandoor category of gas consumers has been jacked up from Rs780/MMBTU to Rs1,026/MMBTU, while that for commercial gas consumer has been increased from Rs1,283/MMBTU to Rs1,687/MMBTU.

The tariff for general industry has been increased from Rs1,021/MMBTU to Rs1,343/MMBTU; zero-rated industry from Rs786/MMBTU to Rs1,033/MMBTU; captive power plants from Rs1,021/MMBTU to Rs1,343/MMBTU, CNG from Rs1,283/MMBTU to 1,687/MMBTU, fertiliser from Rs300/MMBTU to Rs706/MMBTU and power plants from Rs824/MMBTU to Rs 1083/MMBTU.

It is pertinent to mention that the government is yet to pay back Rs24 billion to the gas consumers, which it had collected from them through heavy gas bills during the last winter season.

SOURCE : Profit

 

[StormBreaker]

Wtf is wrong with this government, are they out of their puny minds or what ?

 

[Amavous]

right in the thick of winter, well that sucks

 

[El Sidd]

It is pertinent to mention that the government is yet to pay back Rs24 billion to the gas consumers, which it had collected from them through heavy gas bills during the last winter season.

Xardari and Nawaz got their back within the first week. Maybe it is because they are sick and everyone else is healthy

 

[Valar.]

Stop burdening poor people.

Just make a list of 1 million to 5 million upper class people and ask them to voluntarily donate 1000 to 10,000 rupees per month.

Just make sure it does not end up like 'Qarz utharo Mulk Sanwaro' campaign started by Tooi Sharif in '90s.

 

[pkuser2k12]

6 months Old news


ECC approves up to 191pc hike in gas prices


Khaleeq KianiUpdated June 27, 2019

https://www.dawn.com/news/1490662

 

[AbuzarIlyas]

SNGPL is in profit from last 5 years, this government is sucking blood out of the poor people. Distribution network of SNGPL for domestic users is a sheer loss which should immediately be hung up for the sake of the good of this nation. Pipeline system should be used only for industrial customers of SNGPL. LNG can be produced even from our own natural gas resources which can be supplied to domestic users in cylinders. It will be a prepaid system and line losses will be minimized to zero percent.

 

[Syed1.]

Did the government issue a notification or the media is spreading fake news as usual only for paindus to lap it up

 

[pkuser2k12]

SNGPL is in profit from last 5 years, this government is sucking blood out of the poor people. Distribution network of SNGPL for domestic users is a sheer loss which should immediately be hung up for the sake of the good of this nation. Pipeline system should be used only for industrial customers of SNGPL. LNG can be produced even from our own natural gas resources which can be supplied to domestic users in cylinders. It will be a prepaid system and line losses will be minimized to zero percent.

Sui Gas went into loss of rupees 180 billion for the first time during Khakan Abbasi's pm ship . Report was sent to him in 2017 that government should increase gas prices but pmln pm sb did not for upcoming elections and the result was 180 billion loss which added to circular debt

SNGPL, SSGC incur Rs180 billion losses in two years

“However, since year 2015 despite Ogra suggesting gas prices increase to account for increased costs, the government chose not to pass these costs on to the consumers for over two years,” Khan said in a statement.

“This resulted in accumulation of unrecovered cost of Rs141.8 billion for SNGPL (Sui Northern Gas Pipelines Limited) and Rs38.6 billion for SSGC (Sui Southern Gas Company), or a total of Rs180 billion, as of June 30, 2018.” The petroleum minister was addressing a meeting at the petroleum division.

https://www.thenews.com.pk/print/465329-sngpl-ssgc-incur-rs180-billion-losses-in-two-years

 

[AbuzarIlyas]

Sui Gas went into loss of rupees 180 billion for the first time during Khakan Abbasi's pm ship . Report was sent to him in 2017 that government should increase gas prices but pmln pm sb did not for upcoming elections and the result was 180 billion loss which added to circular debt

SNGPL, SSGC incur Rs180 billion losses in two years

“However, since year 2015 despite Ogra suggesting gas prices increase to account for increased costs, the government chose not to pass these costs on to the consumers for over two years,” Khan said in a statement.

“This resulted in accumulation of unrecovered cost of Rs141.8 billion for SNGPL (Sui Northern Gas Pipelines Limited) and Rs38.6 billion for SSGC (Sui Southern Gas Company), or a total of Rs180 billion, as of June 30, 2018.” The petroleum minister was addressing a meeting at the petroleum division.

https://www.thenews.com.pk/print/465329-sngpl-ssgc-incur-rs180-billion-losses-in-two-years

these figures are political point scoring and lose shots by political opponents. Infact these figures are not even close to the business mass of SNGPL.

 

[pkuser2k12]

these figures are political point scoring and lose shots by political opponents. Infact these figures are not even close to the business mass of SNGPL.

and we should take your words as fact and figures . ok

 

[313ghazi]

I don't think any organisation in Pakistan should be allowed to profiteer from energy. Or at least profits should be capped, at say 5%. If these price hikes reflect the cost of gas, so be it, but if they are profits at the expense of the common man, it's unacceptable. Energy, gas is a commodity we NEED, not something we buy for fun.

 

[AbuzarIlyas]

and we should take your words as fact and figures . ok

because i am an ex employee of SNGPL with lots of inside information. cheers now

 

[pkuser2k12]

because i am an ex employee of SNGPL with lots of inside information. cheers now

thanks insider for your insight

 

[War Thunder]

ISLAMABAD: In order to meet the revenue shortfall of the Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL), the Oil and Gas Regulatory Authority (OGRA) has approved 17pc to 191pc increase in the gas prices for the period starting from January 2020 till June 2020.

This would be the third massive surge in gas prices under the rule of Pakistan Tehreek-e-Insaf (PTI) government.

According to details, the gas price for domestic gas consumers has been increased by 191pc, while that for the fertilizer sector has been hiked by 135pc hike. Similarly, a 31pc surge has been approved for consumers falling under the category of roti tandoor, commercial, industrial, zero-rated export industry, captive power plants, compressed natural gas (CNG), cement and power plants.

Following the OGRA’s decision, SNGPL would earn a revenue of around Rs244 billion while SSGCL would earn approximately Rs275 billion during the said period. With effect to this increase, the price of local gas for CNG consumers in Khyber Pakhtunkhwa, Balochistan and Sindh would be more expensive than imported gas.

As per the documents, tariff for the first slab of domestic gas consumers has been increased from Rs121 per Million British Thermal Unit (MMBTU) to Rs232/MMBTU; second slab tariff has been increased from Rs300/MMBTU to Rs353/MMBTU; third slab tariff has been fixed at Rs530/MMBTU; fourth set at Rs706/MMBTU; fifth at Rs1273/MMBTU; while sixth tariff slab has been fixed at Rs1679/MMBTU.

Similarly, the tariff for roti tandoor category of gas consumers has been jacked up from Rs780/MMBTU to Rs1,026/MMBTU, while that for commercial gas consumer has been increased from Rs1,283/MMBTU to Rs1,687/MMBTU.

The tariff for general industry has been increased from Rs1,021/MMBTU to Rs1,343/MMBTU; zero-rated industry from Rs786/MMBTU to Rs1,033/MMBTU; captive power plants from Rs1,021/MMBTU to Rs1,343/MMBTU, CNG from Rs1,283/MMBTU to 1,687/MMBTU, fertiliser from Rs300/MMBTU to Rs706/MMBTU and power plants from Rs824/MMBTU to Rs 1083/MMBTU.

It is pertinent to mention that the government is yet to pay back Rs24 billion to the gas consumers, which it had collected from them through heavy gas bills during the last winter season.

SOURCE : Profit

Thread reported for old news and having no source link in the OP.
Wtf is wrong with your tiny lil brainy reading old news and posting. Out of your mind if you have one or what?

Did the government issue a notification or the media is spreading fake news as usual only for paindus to lap it up

Old news from May 2019.
OP is out of material to post I suppose to get his daily wage.