ISLAMABAD – In another blow to inflation-weary people, Oil and Gas Regulatory Authority (OGRA) approved the colossal increase of up to 50 percent in the Sui gas prices from July 1.
Media reports suggest that the regulator allows Sui Northern Gas Pipelines Ltd (SNGPL) to hike gas prices by up to 50 percent and the Sui Southern Gas Company (SSGC) by 45 percent.
For SNGPL, the average gas price of Rs 415 per mmbtu has been approved and Rs 417.23 per mmbtu for the SSGC in the latest recommendation.
The federal government will make a final decision in this regard and the new average Sui gas price for the SNGPL would be Rs 1238.68 per mmbtu and Rs 1350 per mmbtu for the SSGC, per reports.
The recent move by OGRA is a double whammy for distressed Pakistani who are facing record food and fuel prices. Inflation touched new heights of 38pc on a year-on-year basis in May 2023, the Pakistan Bureau of Statistics revealed.
Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.
Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.
UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.2 | 280.3 |
Euro | EUR | 293 | 296 |
UK Pound Sterling | GBP | 342.25 | 345.65 |
U.A.E Dirham | AED | 75.25 | 75.95 |
Saudi Riyal | SAR | 73.3 | 74.05 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 739.63 | 747.63 |
Canadian Dollar | CAD | 201 | 203 |
China Yuan | CNY | 38.45 | 38.85 |
Danish Krone | DKK | 40.45 | 40.85 |
Hong Kong Dollar | HKD | 35.57 | 35.92 |
Indian Rupee | INR | 3.32 | 3.43 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 902.26 | 912.91 |
Malaysian Ringgit | MYR | 58.24 | 59.52 |
New Zealand Dollar | NZD | 164.75 | 169.63 |
Norwegians Krone | NOK | 25.42 | 25.68 |
Omani Riyal | OMR | 722.1 | 730.1 |
Qatari Riyal | QAR | 76.37 | 77.05 |
Singapore Dollar | SGD | 206 | 208 |
Swedish Korona | SEK | 25.72 | 26.02 |
Swiss Franc | CHF | 307.11 | 309.61 |
Thai Bhat | THB | 7.56 | 7.76 |
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