The two main gas services in Pakistan have submitted applications to raise consumer prices significantly as of July, citing projected financial deficit and income requirements for fiscal year 2025–26.
According to the regulatory files, Sui Northern Gasipepelines Ltd (SNGPL) requested an average increase of RS735.59 per million British thermal units (MMBTU), while Sui Southern Gas Company Ltd (SSGC) seeks an increase of RS2,443 per MMBTU, including previous deficits, news expressions.
SNGPL has estimated the total revenue requirements of RS700.97 billion and a deficit of RS207.43 billion. The company has proposed a new average consumption price of RS2,485.72 per MMBTU.
SSGC has submitted a revenue requirement of RS 883.54 billion, with a deficit of RS44.33 billion, and requested to establish the average gas rate at RS4,137.49 per MMBTU.
Public audiences on applications will be held in Lahore and Peshawar for SNGPL on April 18 and 28, and in Karachi and Quetta for SSGC on April 21 and 23.
The proposed increases occur in the midst of inflationary pressures and continuous reforms in the energy sector as Pakistan works to reduce circular debt and meet the FMI fiscal objectives.
