ISLAMABAD: In view of completion of quorum in the Oil and Gas Regulatory Authority (Ogra) and a commitment given by government to the International Monetary Fund (IMF), Ogra is soon likely to begin implementing policy directives regarding a 30 per cent increase in prices of natural gas, according to sources.
The consumer gas prices have generally remained unchanged since January 2013 because of a “freeze” imposed by Prime Minister Nawaz Sharif.
Finance Minister Ishaq Dar, however, gave a commitment to the IMF in June that the government would recover by July the losses incurred by gas utilities due to the “freeze”. But the prices could not be increased in July due to Ramazan.
