ISLAMABAD: The two gas utilities — SNGPL and SSGCL — have sought about 42 and 144 per cent increase in the prescribed gas prices, respectively, to meet their revenue requirements for 2025-26.

The prescribed gas prices are revised twice a year under the law following determinations by the Oil and Gas Regulatory Authority (Ogra) on the basis of which the government sets the consumer gas prices for various categories. The government has committed to the International Monetary Fund (IMF) for timely biannual notifications of gas rates to avoid the build-up of circular debt.

Ogra has announced a public hearing on April 21 to consider Sui Southern Gas Company Ltd’s (SSGC) request for Rs2,543 per unit (million British thermal units or mmBtu) or a 144pc increase in its prescribed price. It demanded that the existing prescribed........

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