US EditionSNGPL to hike gas prices to tackle financial strain
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SNGPL to hike gas prices to tackle financial strain
ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has decided to raise gas prices by 39 per cent to ensure continued supply and address financial pressures. The 39 per cent of the increase comes from unpaid dues and late payment charges, which SNGPL says it now wants to recover. This issue falls under the broader problem of circular debt in the energy sector. The price hike also comes as captive power plants (CPPs) reduce gas consumption, fo…
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