OGRA expected to increase gas prices for different sectors once again

News Image

By MG News | December 17, 2019 at 03:35 PM GMT+05:00

0:00

December 17, 2019 (MLN): The Oil & Gas Regulatory Authority (OGRA) is likely to approve an increase in prescribed gas prices for different sectors, as per the latest Estimated Revenue Requirement (ERR) dated December 10, 2019.

According to the report prepared by AKD research, OGRA might raise the price of Gas for the Commercial sector by 31.6% to Rs. 1,688 per mmbtu, Industrial sector by 31.6% to Rs. 1,343 per mmbtu, Cement Factories by 31.6% to Rs. 1,680 per mmbtu, Fertilizer (Feed-Sector) by 135.6% to Rs. 707 per mmbtu, Fertilizer (Fuel-stock0 by 31.6% to Rs. 1,343 per mmbtu, Power sector by 31.6% to Rs. 1,084 per mmbtu and Captive Power Plant by 31.6% to Rs. 1,343 per mmbtu.

The report further noted that these prescribed prices are not applicable to consumer, but may result in a surge in the consumer prices to be announced in January 2020. If that happens, the State Bank of Pakistan will be forced to keep the policy rates unchanged for another three to six months.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 133,370.15
344.25M
1.08%
1421.08
ALLSHR 83,081.15
914.93M
1.23%
1011.89
KSE30 40,705.30
139.76M
0.79%
317.54
KMI30 192,580.68
159.45M
0.63%
1203.85
KMIALLSHR 55,835.71
548.23M
1.16%
641.74
BKTi 36,317.17
36.80M
1.36%
488.93
OGTi 28,542.96
8.63M
0.34%
96.61
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,250.00 110,525.00
107,840.00
-2165.00
-1.96%
BRENT CRUDE 69.74 69.94
67.22
1.44
2.11%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.90
3.07%
ROTTERDAM COAL MONTHLY 106.00 106.75
106.00
0.25
0.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.09 68.32
65.40
1.09
1.63%
SUGAR #11 WORLD 16.25 16.46
16.07
-0.13
-0.79%

Chart of the Day


Latest News
July 07, 2025 at 05:30 PM GMT+05:00

CCP cracks down on anti-competitive practices in FY25


July 07, 2025 at 04:42 PM GMT+05:00

China opens BRICS Customs Centre to boost trade ties


July 07, 2025 at 04:39 PM GMT+05:00

SECP wraps up 1,761 proceedings in FY25



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg