February 15, 2024 (MLN): To meet yet another condition set by the International Monetary Fund (IMF), the federal government has finally raised gas prices by up to 67% for residential consumers, while fertilizer plants have been heavily affected, with prices increased by up to 700%.
This hike aims to recover an additional Rs242 billion from all gas consumers. The new prices will be applicable from February 01, 2024.
The Oil and Gas Regulatory Authority (OGRA) issued the notification of the new gas prices immediately after the Cabinet meeting, during which Caretaker Prime Minister Anwaarul Haq Kakar approved the price increase.
It is important to note that this is the second time in the past three months that the government has increased gas prices solely to unlock the IMF’s tranche.
Domestic Sector
The following is applicable for standalone meters, mosques, churches, temples, madrassas, other religious places, and hostels.
|
Protected |
PKR/MMBtu |
|---|---|
|
Up to 0.25 hm3/month |
200 |
|
Up to 0.5 hm3/month |
250 |
|
Up to 0.6 hm3/month |
300 |
|
Up to 0.9 hm3/month |
350 |
|
Non-Protected |
|
|
Up to 0.25 hm3/month |
500 |
|
Up to 0.6 hm3/month |
850 |
|
Up to 1 hm3/month |
1,250 |
|
Up to 1.5 hm3/month |
1,450 |
|
Up to 2 hm3/month |
1,900 |
|
Up to 3 hm3/month |
3,300 |
|
Up to 4 hm3/month |
3,800 |
|
Above 4 hm3/month |
4,200 |
There shall be one preceding slab benefit available to domestic consumers except for consumers above 4hm3.
It is important to note that the protected category will have to pay a fixed charge of Rs400/- and meter rent of Rs40/- while the non-protected category to pay a fixed charge of Rs1,000/- up to 1.5 hm3 and meter rent of Rs40/-, while Rs2,000/- for exceeding consumption of 1.5 hm3 and meter rent of Rs. 40/-.
The protected category includes a domestic consumer whose average consumption of the last 4 winter months i.e. November to February shall be below or equal to 0.9 hm3 whereas the non-protected category includes a domestic consumer other than the one in the protected category.
|
Minimum charges for Protected Category |
Rs. 107.37 per month |
|
Minimum charges for Non-Protected Category |
Rs. 177.47 per month |
Government and Semi-Government Offices, Hospitals, Clinics, Maternity Homes, Government Guest Houses, Armed Forces Messes, Langars, Universities, Colleges, Schools and Private Educational Institutions, Orphanages and other Charitable Institutions along-with Hostels and Residential Colonies to whom gas is supplied through bulk meters including Captive Power.
|
All off-takes at a flat rate of |
Rs. 2,900.00 per MMBTU |
|
Minimum charges |
Rs. 3,900.00 per month |
The tariff for captive gas use in this category will be charged as per the captive power category i.e. Rs2,750 per MMBTU.
Special Commercial (Roti Tandoors)
|
Sale price Rs. /MMBTU |
|
Upto 0.5 hm3 per month 110.00 |
|
Upto 1 hxn3 per month 110.00 |
|
Upto 2 hm3 per month 220.00 |
|
Upto 3 hm3 per month 220.00 |
|
Over 3 hm3 per month 700.00 |
|
Minimum charges Rs. 148.50 per month |
Commercial
All establishments registered as commercial units with local authorities or dealing in consumer items for direct commercial sale like cafes, bakeries, milk-shops, tea stalls, canteens, barber shops, laundries, hotels including hotel industry, malls, places of entertainment like cinemas, clubs, theatres and private offices, corporate firms etc.
|
All off-takes at flat rate of |
Rs3,900.00 per MMBTU |
|---|---|
|
Minimum charges |
Rs6,415.00 per month |
Ice Factories:
|
All off-takes at flat rate of |
Rs3,900.00 per MMBTU |
|
Minimum charges |
Rs6,415.00 per month |
General Industry (Process)
All consumers engaged in the processing of industrial raw material into value-added finished products irrespective of the volume of gas consumed but excluding such industries for which a separate rate has been prescribed.
|
All off-takes at a flat rate of |
Rs2,150.00 per MMB'1U |
|
Minimum charges |
Rs35,540.00 per month |
General Industry (Captive):
General Industry-Captive means an industrial undertaking/unit carrying out the activity of power production (with or without co-generation) for self-consumption and/or for sale of surplus power to a Distribution Company or bulk-power consumers.
|
All off-takes at flat rate of |
Rs2,750.00 per MMBTU |
|
Minimum charges |
Rs36,653.00 per month |
CNG
|
All off-takes at flat rate of |
Rs3,750.00 per MMBTU |
|
Minimum charges |
Rs46,229.00 per month |
Cement
|
All off-takes at flat rate of |
Rs4,400.00 per MMBTU |
|
Minimum charges |
Rs45,588.90 per month |
Fertilizer companies operating through the SNGPL system
ENGRO Fertilizer Company Limited:
All off-takes at the flat rate of $0.70 per MMBTU till February 29, 2024, or in rupee terms Rs1,597 per MMBTU with effect from March 01, 2024, for gas used as feedstock.
Meanwhile, for the gas used as fuel for the generation of electricity, and steam and for the usage of housing colonies, the offtake will be at the flat rate of Rs1,597 per MMBTU.
Agritech Limited, Mianwali
All off-takes (indigenous gas) at the flat rate of Rs1,597 per MMBTU for gas used as feedstock and fuel.
Fatima Fertilizer, Sheikhupura
All off-takes (indigenous gas) at the flat rate of Rs1,597 per MMBTU for gas used as feed-stock and fuel;
Fertilizer companies operating through SSGC system
Fauji Fertilizer Bin Qasim Limited, Karachi:
All off-takes at the flat rate of Rs1,597 per MMBTU for gas used as feedstock and fuel
WAPDA's and KE Power Stations and other electricity utility companies
All off-takes at flat rate of Rs1,050.00 per MMBTU while minimum charges stood at Rs28,898.00 per month.
WAPDA's Gas Turbine Power Station, Nishatabad, Faisalabad
All off-takes at flat rate of Rs1,050.00 per MMBTU and the fixed charge will stand at Rs975,000 per month
Independent Power Producers
All off-takes at flat rate of Rs1,050.00 per MMBTU
Minimum charges Rs28,898.00 per month
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Posted on: 2024-02-15T23:59:24+05:00
