Islamabad, January 28, 2025: The Pakistan government has increased gas prices for captive power plants by Rs500 per MMBtu, raising the rate from Rs3,000 to Rs3,500 per MMBtu, effective February 1, 2025, according to a notification issued by the Oil and Gas Regulatory Authority (OGRA).
Despite the hike for captive power plants, gas tariffs for domestic consumers, roti tandoor users, commercial sectors, CNG, cement, fertilizer, and power sectors remain unchanged.
Separately, on January 1, 2025, the government announced its intention to approach the upcoming US administration to seek a waiver on sanctions imposed on the Pak-Iran gas pipeline project. The project, critical for Pakistan’s energy security, has faced delays due to US sanctions.
Officials stated that the pipeline project is essential to securing affordable energy, emphasizing the need to revisit the matter with the US. They aim to negotiate an exemption to avoid economic repercussions while ensuring compliance with international regulations.
Efforts are also underway to engage Iran in exploring a middle-ground solution to advance the project while addressing the concerns of all stakeholders. The government remains committed to mitigating energy security risks and safeguarding national economic interests.