{"id":68024,"date":"2020-07-18T09:55:00","date_gmt":"2020-07-18T04:55:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=68024"},"modified":"2020-07-17T17:23:27","modified_gmt":"2020-07-17T12:23:27","slug":"ogra-for-slashing-gas-prices-by-6","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/ogra-for-slashing-gas-prices-by-6.html","title":{"rendered":"OGRA for slashing gas prices by 6%"},"content":{"rendered":"\n<p>Islamabad: The Oil and Gas Regulatory Authority (OGRA) has requested the government to reduce natural gas rates by up to 6% to facilitate local consumers \u2013 owing to the decline in international oil prices, according to a news source published on July 15.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/artificial-oil-shortage-ogra-fines-6-companies-over-hoarding.html\" target=\"_blank\" rel=\"noreferrer noopener\">Artificial Oil Shortage: OGRA fines 6 companies over hoarding<\/a><\/p>\n\n\n\n<p>The said proposal was made after the commencement of a public hearing where statistical analysis was executed on the data from the Sui Northern Gas Pipelines Limited (SNGPL) and the Sui Southern Gas Company Limited (<a href=\"https:\/\/www.zameen.com\/news\/sngpl-ssgc-provide-over-540000-new-gas-connections-fy-2020-21.html\" target=\"_blank\" rel=\"noreferrer noopener\">SSGCL<\/a>).<\/p>\n\n\n\n<p>The oil regulatory authority issued these directions on Tuesday \u2013 after the state-operated gas distribution companies approached it to get approval for a 101% increase in prescribed gas prices from July. However, the authority rejected their demands after holding the public hearing and reduced the gas prices of SSGCL by PKR 18.30\/mmbtu (2% decrease) and SNGPL by PKR 40.94\/mmbtu (6.1% decrease).<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/ogra-proposes-further-reduction-in-oil-prices.html\" target=\"_blank\" rel=\"noreferrer noopener\">OGRA proposes further reduction in oil prices<\/a><\/p>\n\n\n\n<p>Furthermore, OGRA has determined the revenue requirements of both the SNGPL and the SSGCL for the (Fiscal Year) FY2020-21 and has sent the same to the centre for gas sale price advice, proposed in respect of each consumer category.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Oil and Gas Regulatory Authority (OGRA) has requested the government to reduce natural gas rates by up to 6% to facilitate local consumers \u2013 owing to the decline in international oil prices, according to a news source published on July 15. Read: Artificial Oil Shortage: OGRA fines 6 companies over hoarding The said proposal was made after the commencement of a public hearing where statistical analysis was executed on the data from the Sui Northern Gas Pipelines Limited (SNGPL) and the Sui Southern Gas Company Limited (SSGCL). The oil regulatory authority issued these directions on Tuesday \u2013 after the state-operated gas distribution companies approached it to get approval for a 101% increase in prescribed gas prices from July. However, the authority rejected their demands after holding the public hearing and reduced the gas prices of SSGCL by PKR 18.30\/mmbtu (2% decrease) and SNGPL by PKR 40.94\/mmbtu (6.1% decrease). Read: OGRA proposes further reduction in oil prices Furthermore, OGRA has determined the revenue requirements of both the SNGPL and the SSGCL for the (Fiscal Year) FY2020-21 and has sent the same to the centre for gas sale price advice, proposed in respect of each consumer category.<\/p>\n","protected":false},"author":75,"featured_media":66037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012,15016],"tags":[34734,22165,22163,22827],"persona":[],"class_list":{"0":"post-68024","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"category-new-developments","9":"tag-ogra-for-slashing-gas-prices-by-6","10":"tag-oil-and-gas-regulatory-authority-ogra","11":"tag-sui-northern-gas-pipelines-limited-sngpl","12":"tag-sui-southern-gas-company-ssgc","13":"cat-15012-id","14":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OGRA for slashing gas prices by 6% - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Oil and Gas Regulatory Authority (OGRA) has requested the government to reduce natural gas rates by up to 6% to facilitate local consumers\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/ogra-for-slashing-gas-prices-by-6.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OGRA for slashing gas prices by 6% - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Oil and Gas Regulatory Authority (OGRA) has requested the government to reduce natural gas rates by up to 6% to facilitate local consumers\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/ogra-for-slashing-gas-prices-by-6.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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