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Ogra chief says 75-80 pc increase in gas prices likely this year

12:17 AM | 16 Apr, 2019
Ogra chief says 75-80 pc increase in gas prices likely this year
LAHORE - The Oil and Gas Regulatory Authority (Ogra) has stated that the gas tariff would be increased in the next fiscal year, terming the revision 'inevitable'.

Talking to newsmen on Monday, Ogra Chairperson Uzma Adil said that the prices of gas would likely to be increased by 75% to 80%.

The official listed down the reasons behind the revision saying, the purchase price of gas has increased but rates have not been jacked up for two years adding that the exchange rate of dollar was also a factor.

The Ogra chief assured that there was no chance of bankruptcy of any gas company and the government would not let that happen.

To a query about reasons behind gas overbilling in winters, the chairperson replied that the fourth gas slab and pressure factor contributed to the overbilling.

“The consumers who were overcharged will be refunded. The prime minister’s committee will determine who was responsible for overbilling,” she observed.

The writer is a civil servant.

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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