On average, SNGPL customers should spend Rs179.17 per mmBtu less in the coming fiscal year, while SSGC customers should save Rs59.23 per mmBtu. However, that will not happen for SNGPL consumers because the government plans to collect the Rs581 billion rate disparity that was not passed on to them over the last six years. The government may not recoup the entire amount from inflation-stricken petrol consumers in a single year, but rather over a number of years. Authorities have previously announced plans to boost gas and electricity costs beginning with the new fiscal year. Energy inflation has been a major driver of the rising cost of living in recent years.

Source: The Patriot May 24, 2024 08:11 UTC