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No hike in gas tariff in next six months, says petroleum minister

Shahid Khaqan Abbasi

ISLAMABAD: Federal Petroleum and Natural Resources Minister Shahid Khaqan Abbasi has said that the government has decided not to hike gas tariff for the next six months, ARY News reported.

Oil and Gas Regulatory Authority (OGRA) had suggested the government to increase gas prices by 14 percent. The regulatory authority had stated that the rates should be hiked as Sui Northern Gas Company (SNGC) & Sui Southern Gas Company (SSGC) are facing financial problems.

Abbasi said that the federal government has rejected the recommendation of OGRA.

“The shortfall in the revenue can be addressed by keeping the current rates unchanged,” the minister said.

He claimed that the success rate of the exploration of oil and gas deposits in the country has been increased by 55 percent.

The petroleum minister went on to say that the government of Pakistan Muslim League – Nawaz (PML-N) has provided a million new gas connections since it came into power after elections.

He said that the second terminal of Liquified Natural Gas (LNG) will become operational from June 2017.

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