Islamabad February 13 2023: Economic Coordination Committee (EEC) to take up agenda of fixing gas prices for fiscal year 2023 in its today meeting.
A meeting of Economic Coordination Committee (ECC) of the Cabinet will be held on Monday, the 13th February, 2023 in Islamabad. The Minister for Finance & Revenue will chair the meeting.
Earlier, In order to plug shortfall of PKR 1.5 trillion in gas sector OGRA has allowed the Sui Northern Gas Pipelines Ltd (SNGPL) to increase gas prices by up to 74.42% and the Sui Southern Gas Company (SSGC) by 67.75%, contingent upon federal government approval.
According to Ogra’s decision, an increase in gas price of PKR 406.28 per mmbtu has been approved for the SNGPL and an increase of PKR 469.28 per mmbtu for the SSGC.
The current average price of the SNGPL is PKR 545.89 per mmbtu while after the implementation of Ogra’s decision, the new price would be PKR 952.17 per mmbtu.
Similarly, the current price of the SSGC is PKR 692.63 per mmbtu while the new price would be Rs1,161.91 per mmbtu.