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No relief for inflation-hit Pakistanis as outgoing govt increases gas tariff again

10:31 AM | 6 Feb, 2024
No relief for inflation-hit Pakistanis as outgoing govt increases gas tariff again
Source: File Photo

ISLAMABAD – Pakistan's soaring inflation continues to affect citizens and now Oil and Gas Regularly Authority increased gas tariff to meet the shortfall.

As people are paying record prices for basic commodities including sui gas, the outgoing government increased prices from January 1 till June 30 - the second price hike in current FY.

Ahead of upcoming polls, a lot of promises have been made by political leaders but the outgoing government increased the tariff of Sui Northern Gas Pipelines Limited (SNGPL) by 35.13pc and Sui Southern Gas Company Limited (SSGCL) by 8.57pc.

With latest hike, the gas price has been increased to Rs1,590 per MMBTU from the average price of Rs1,291 per MMBTU, reports said.

The new stern measure comes on the advisory of International Monetary Fund (IMF) to reduce the circular debt which currently stands at Rs1,250 billion. 

Last year, Ogra jacked up gas prices for consumers of Sui Northern Gas, pushing the gas price up to Rs1,238.68 per MMBTU, and 45pc up for the consumers of Sui Southern Gas. 

The incumbent authorities increased gas prices over 193pc, with an estimated revenue tariff of Rs980 billion in current fiscal year.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 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 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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