New gas prices will be introduced from July 1, following a notification issued by the government.
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has approved a summary of the escalation of gas prices up to 45%.
As per details, the authorities have finalized hiking up the gas rate for SNGPL customers up to 45% and 44% for SSGC consumers.
The gas price for SNGPL was increased up to Rs266.58 per mmBtu, fixing the per mmBtu rate at Rs854.52.
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According to the report, new gas prices will be introduced from July 1, following a notification issued by the government.
While talking to the media Federal Finance Minister and leader of the Pakistan Muslim League Nawaz (PML-N) Miftah Ismail said that the government is incurring huge losses in terms of petrol and diesel subsidy and it is necessary to review it.
A subsidy of Rs 91 billion has been given on petrol and diesel.
The government has so far increased the price of petrol by Rs 60 in a few days.