The Oil and Gas Regulatory Authority is all set to add more burden on the people who are barely struggling under rising inflation. Ogra has again recommended an increase in fuel prices. The.
Cabinet to mull new gas connections
May give priority to requests for politically motivated schemes
As per the government’s policy and in view of socioeconomic developments, the gas development schemes are initiated for supplies to economically backward areas. PHOTO: FILE
ISLAMABAD:
With nearly 2.8 million gas connections pending on the network of Sui Northern Gas Pipelines Limited (SNGPL), the cabinet is likely to give priority to gas connection requests for politically motivated schemes.
Already facing a gas crisis, SNGPL had to divert expensive liquefied natural gas (LNG) to domestic consumers in winter in the wake of government directives to overcome the shortage. Now, the gas utility is paying the price as it has to recover Rs78 billion for the LNG it diverted in the past two winter seasons.
Petrol, diesel prices raised again
Top Story
February 1, 2021
ISLAMABAD: Prime Minister Imran Khan, while rejecting the Oil and Gas Regulatory Authority’s (Ogra) summary for petrol price hike by Rs13.18 per litre, approved a minimal increase of just Rs2.70 per litre.
The Oil and Gas Regulatory Authority (Ogra) had proposed an increase of Rs13.18 per litre in petrol price, Rs12.12 and Rs11.10 in prices of high speed diesel (HSD) and kerosene oil respectively. The regulator had also recommended price hike of light diesel oil (LDO) by Rs6.62 per litre, effective from today (Monday).
However, considering the public interest, the prime minister approved an increase of Rs2.70 per litre in petrol price, Rs2.88 for HSD, and Rs3.54 and Rs3 per litre in the prices of kerosene oil and LDO respectively.