Pakistan’s Oil and Gas Regulatory Authority (OGRA) has announced an increase of Rs 500 per MMBtu in gas prices for captive power plants, effective February 1, 2025.
The revised rate will now be Rs 3,500 per MMBtu, up from the previous Rs 3,000.
This adjustment applies exclusively to captive power plants, leaving gas prices unchanged for domestic consumers, commercial users, CNG, cement, fertilizer, and the broader power sector.
The decision comes amid Pakistan’s ongoing energy challenges. Meanwhile, the government is seeking a waiver from US sanctions to advance the Pak-Iran gas pipeline project, a vital initiative aimed at securing cost-effective energy for the country.
Despite significant obstacles posed by US sanctions, Pakistan is in active talks with both the US and Iran to resolve the issue. The government emphasizes the project’s critical role in enhancing energy security and ensuring economic stability.
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