PM Shehbaz expresses shock over increase in Gas prices

Details reveal that PM Shehbaz gave the electricity ministry a deadline of one to three months to finish sixteen tasks.

The PM instructed that the forensic audit of the most recent increase in gas prices be presented, and that the unsatisfactory performance report, gas theft, and gas infrastructure be presented within three months.

In addition, the ministry was requested to establish an interministerial committee to oversee the project of the Iran-Pakistan Gas pipeline.

Prior to this, on July 1, 2024, the Sui Southern Gas Company (SSGC) requested a further increase in gas tariffs from the Oil and Gas Regulatory Authority (OGRA).

In order to establish a new average price of Rs1740.80 per million British thermal units (mmbtu), the SSGC recommended that the OGRA raise gas prices by Rs324 per mmbtu.

It is important to note that during the holy month of Ramadan, Prime Minister (PM) Shehbaz Sharif issued directives to ensure that consumers would have an uninterrupted supply of gas and electricity.

Dr. Musadik Malik, the Minister of Energy, added that the government has promised to guarantee gas and electrical supplies during the periods of sehri and iftar.

According to the minister, the convenience of the populace is the current government’s primary goal. He restated the government’s commitment to encouraging both domestic and foreign investment in the minerals and gas industry.