Pakistan Increases Prices for All Gas Products

Pakistan government has decided to increase the prices for natural gas from January 1, 2008.

The Oil and Gas Regulatory Authority has made the decision through an interim order on the request of Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL), seeking an immediate increase in tariff at the rate of Rs14.20 and Rs10 per million British thermal unit (MMBTU) respectively.

Both the companies had sought across the board increase in tariff for all consumers, primarily on the grounds that crude oil prices and high fuel sulphur oil (HSFO) prices have constantly been increasing during June-November 2007 that would result in rise in well-head prices of gas producers for the period between January 1 June 30, 2008. Pakistan gas rates are linked with international oil prices.