ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) is likely to increase prices of natural gas up to 30 per cent across the country.
The increase will be in a view of a commitment given by government to the International Monetary Fund (IMF).
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.
