ISLAMABAD: The gas companies have proposed a hike in basic price up to 20 and 100 percent from July 1 for the next fiscal year and the surge will put an additional burden of Rs347 billion on consumers.
According to a report, the Sui Southern Gas Company (SSGC) has proposed a 20 percent increase in basic price which will hike the cost by Rs153 per MBTU (million British thermal units).
SSGC consumers will bear an additional amount of Rs57 billion as a result.
On the other hand, the Sui Northern Gas Pipelines Limited (SNGPL) has proposed a 100 percent hike in basic price which will increase the cost by Rs670 per MBTU.
SNGPL consumers will bear an additional amount of Rs290 billion as a result.
The Oil and Gas Regulatory Authority (OGRA) has asked people to give their opinion in fourteen days and the decision will be made afterward.