OGRA Pakistan News
ISLAMABAD: Oil and Gas Regulatory Authority (OGRA Pakistan) has decided
to raise gas tariff from November 15 and a letter has been sent to
authorities concerned for the approval, Business92 reported Sunday.
Moreover, OGRA Pakistan sent letter to Prime Minister Muhammad Nawaz Sharif, Finance
Ministry and Ministry of Petroleum, telling them to provide subsidy to the
people if the government does not want to raise the price.
“Tariff hike up to 36 percent is must,” the letter reads and also added
that the authority will issue the notice of price increase on November 15 in
light of the ordinance if no advice from the government is received till then.
furthermore, the officials also said that the federal government had been told about the
decision to raise prices on October 6. They also said that verbal orders were
not enough from the government to hold the price raise. They further added that
the government could provide subsidy to the people if it did not want
the price to be raised.
According to OGRA officials, the government was legally bound to raise
the gas price in order to meet the financial needs of the companies, and
it will be in violation of the government if the gas prices were not revised
by November 15.