Islamabad: During the next fiscal year 2024-25, there is a fear that the gas crisis will become more serious, due to which the government will have to meet the needs of domestic consumers with expensive RLNG, which will cost a billion dollars.
The government oil and gas companies are already burdened with a circular debt of Rs 710 billion, the main reason of which is the supply of gas from RLNG. Sighing under the burden of Rs.
These revelations came from one of the main gas stakeholders, All Pakistan Textile Mills Association North Region, which says that domestic consumers will need 209 million cubic feet of gas per day next year, which will cost around one billion dollars. .
Sui Norden estimates that next year 80 thousand 155 btu of URLNG will be able to meet the needs of domestic gas consumers and it will cost 297,913 million rupees. It has also been endorsed by Bena after its approval.
Also Read: Sui Northern Demands Big Increase in Gas Price for Punjab
The reason for increasing the circular date of gas produced by RLNG is that the price is not fixed on the basis of its weight. Tehreek-e-Pakistan government had passed a bill in this regard in Parliament but challenged it in the Sindh High Court. went.
OGRA has partially implemented weighted average price determination, it also did not charge the full price. Therefore, an amount equal to one billion dollars will be either charged to the consumers or put into the circular debt. Sui Northern has asked for a major increase in gas price from July 1, 2024. Ogra is holding a public hearing today (Monday) for the price hike.
Aptama says that gas prices have been hiked by 223% from January 2023 and will be hiked further from July 1. Airmix LPG is currently priced at $33 per mmbtu UK, which is the PNG price. But it is given to domestic consumers due to which the industrial sector has to face shortfall. The domestic gas consumption of Sui Southern and Sui Northern has increased by four percent during 2022 and 2023.
On the other hand, Sui Northern’s domestic production has decreased by 12%. At present, 28% of the country’s population is using gas, to meet the gas needs of such a population, one billion dollars worth of RLNG is required. According to Aptama. In order to deal with the challenge of energy tariff in Pakistan, several steps have to be taken.
