Monday, March 18, 2024
SNGPL has assessed income deficiency of Rs189.18 bn.
It solicitations to execute upgraded gas cost from July 1.
Ogra will hear the request of SNGPL on Walk 25 in Lahore.
LAHORE: After Sui Southern Gas Organization (SSGC), Sui Northern Gas Pipelines Restricted (SNGPL) has additionally mentioned the Oil and Gas Administrative Power (Ogra) to lift the cost of gas, Geo News investigated Monday.
The organization has looked for 147% climb in gas costs from the controller that would put more weight on the expansion exhausted masses.
The SNGPL is the biggest coordinated gas organization serving more than 7.22 million purchasers in North Focal Pakistan through a broad organization in Punjab, Khyber Pakhtunkhwa and Azad Jammu and Kashmir
As per the television report, the service organization has mentioned an increment of Rs2,646.18 per metric million English warm unit (mmbtu) in gas cost and asked that the new normal gas cost be fixed at Rs4,446.89.
Confronting an expected income deficiency of Rs189.18 billion, it has mentioned to execute the upgraded gas cost from July 1.
The petrol area controller will hear the SNGPL request on Walk 25 in Lahore and on Walk 27 in Peshawar.
It could be noticed that the SSGC has likewise presented a solicitation to the controller for additional climb in gas cost, looking for an increment of Rs274.40 per mmbtu.
On Walk 17, a month after the overseers troubled the majority with gas cost climb on the Global Money related Asset's (IMF) request, the SSGC had mentioned the Ogra to additional increment gas costs from July 2024.
The guardian government had supported a 67% expansion in the petroleum gas tax with impact from February 1. The tax was climbed to comply with the time constraint of the IMF at climbing the gas costs under primary benchmark measures till February 15, 2024.
Refering to an expected Rs79.63 billion income deficit, the SSGC had asked the Ogra to set normal cost of one mmbtu gas at Rs1740.80.
A formal conference on the request is planned on Walk 18 in Karachi, during which the administrative power will decide the gas costs. The Ogra will likewise hear the request in Quetta on Walk 20.
