OGRA approves 214 percent hike in gas prices for domestic consumers

• The gas regulator has sent its decision to increase gas prices to the federal government.
• The gas prices for Roti/Tandoor to go up by 245pc.

Gas consumers should brace themselves for yet another price hike after the Oil and Gas regulatory Authority (OGRA) has decided to increase gas prices.

As per details, OGRA has decided to increase gas prices for domestic gas consumers by 214 percent. Gas rate for consumers up to 50 units has been increased from 121 to Rs 353 per MMBTU. For 100 unit users, the rate has been increased from Rs 300 to Rs 353, gas for 200 units user the rate has been slashed from Rs 553 to Rs 530, for customers with 300 units, gas rate is reduced from Rs 738 to Rs 706, and for consumers with 400 units, the price of gas will be increased from Rs. 1107 to Rs. 1273 per MMBTU.

The gas prices for Roti/Tandoor to go up by 245 percent,  gas bill has been increased from Rs. 100 to Rs. 353 for the first two slabs. For users of 200 and 300 units, the gas rate has been increased from Rs 220 to Rs 707, and for 400 units users the rate has been increased from Rs 700 to Rs 900.

Meanwhile in commercial users, gas for the CNG sector is to get 31pc more expensive, OGRA has also hiked up gas prices for the fertiliser sector by 153pc. Meanwhile, a 24pc gas rate increase for IPPs, power stations and cement factories.

The gas regulator has sent its decision to increase gas prices to the federal government. The hike in gas prices will be applied from January 1, 2020.

Just weeks ago, OGRA recommended the government to reduce the prices of Motor Spirit (MS), High Speed Diesel (HSD), Kerosene Oil and Light Speed Diesel (LDO) in monthly review for December 2019.

The regulatory authority recommended that the price of MS may be decreased by 25 paisa per liter and the price of HSD by Rs 2.40 per liter. It has further suggested a reduction of 83 paisa per liter in the price of kerosene oil and Rs 2.90 per liter in the price of LDO.