Ogra notifies significant hike in gas prices from July 1

ISLAMABAD, JUN 30 (DNA) – The Oil and Gas Regulatory Authority (Ogra) has issued a notification about the increase in the prices of gas for domestic consumers with effect from July 1, 2019.However, it has made no increase in the gas price for consumers falling in the first slab of domestic sector consuming less than 50 cubic metres per month. The rate for the second domestic slab (50-100 cubic metres) has been increased to Rs300, from the existing Rs127 per MMBTU. Moreover, it has raised the rate for consumers using 100-200 cubic metres per month from the existing Rs264 per MMBTU, to Rs530. The next slab of 201-300 cubic metres per month has been increased to Rs738 per MMBTU, from the current Rs275. For consumers using more than 400 cubic metres per month, the rate has been raised to Rs1,107 per MMBTU from Rs780. The minimum bill has been fixed at Rs172.58 with revised tariffs per month. Sources said the hike in gas prices will put an overall additional burden of billions of rupees on the consumers.=DNA