ISLAMABAD: As temperatures continue to drop in winter season, the Oil and Gas Regulatory Authority (Ogra) on Tuesday approved an increase in the gas prices for the current fiscal year. 

A notification issued by the agency said that Ogra approved an increase of 8.71% for the consumers of Sui Northern Gas Pipelines Limited (SNGPL) and 25.78% increase for the consumers of Sui Southern Gas Company Limited (SSGCL).

According to the notification, the regulatory authority has sent the decision to increase the prices of gas to the federal government.

However, the final decision regarding hike in the prices will be made by the federal government.

The Ogra has sought to fix average gas price for Sui Northern at Rs1,778.35 per MMBTU and Rs1,762.51 per MMBTU for Sui Southern, said the notification.

“Ogra, under Section 8(2) of OGRA Ordinance, 2002, vide its decisions dated December 17, 2024 has determined the Review of Estimated Revenue Requirement (RERR) of SNGPL & SSGCL for FY 2024-25.

“Both determinations have been sent to federal government for receipt of category-wise natural gas sale price advice as required under Section 8(3) of the OGRA Ordinance,” said the notification.

The agency further said that the any decision advised by the government will be notified by Ogra, adding that till such time the existing category-wise natural gas sale prices shall continue to prevail.