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Home Business & Stock

Government decides against reducing gas prices despite lower tariffs

MM News Staff by MM News Staff
July 7, 2026
Reading Time: 1 min read
SSGC, Youm e arafa

The government has decided not to reduce gas prices for consumers.

According to details, a senior official at the Petroleum Division said that the Oil and Gas Regulatory Authority (OGRA) has lowered the average prescribed price for Sui Southern Gas Company (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL) from Rs1,793 per MMBTU to Rs1,705 per MMBTU.

Despite this reduction in tariffs for the gas companies, the government has decided to keep gas prices unchanged for consumers during the 2026–27 fiscal year. As a result, gas prices will not be reduced.

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Officials said the decision to maintain existing gas prices is intended to strengthen the financial position of both gas utilities.

Sources added that the government has formally informed the International Monetary Fund (IMF) of the decision.

If this is for a news website, I can also rewrite it in a more concise, Reuters-style or BBC-style news format.

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