OGRA raises LNG prices by up to 6%

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has increased prices of re-gasified liquefied natural gas (RLNG) by $0.2716 per million British thermal units (mmbtu) for Sui Northern Gas Pipelines Limited (SNGPL) consumers and $0.2703 per mmbtu for Sui Southern Gas Company (SSGC) consumers for April 2019.

According to a notification issued by Ogra, the RLNG price for SNGPL consumers will be $10.5758 per mmbtu and for SSGC consumers it will be $10.5246 per mmbtu.

For March 2019, the RLNG price was fixed at $10.3042 per mmbtu for SNGPL and $10.2543 per mmbtu for SSGC. Prices for April have been increased by 2.78% (or $0.2716 per mmbtu) for SNGPL and 5.977% (or $0.2703 per mmbtu) for SSGC.

In February 2019, the government had reduced RLNG prices for SNGPL consumers by 3.97% to $10.599 per mmbtu and for SSGC consumers by 4.1% to $10.906 per mmbtu.

RLNG prices also include LNG terminal charges, transmission losses, port charges and margins of importers ie Pakistan State Oil (PSO) and Pakistan LNG Limited (PLL).

Published in The Express Tribune, April 5^th, 2019.

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