For April 2020 OGRA slashes RLNG prices

The Oil and Gas Regulatory Authority has set new prices at $9.5834 per mmbtu for the consumers of SNGPL

ISLAMABAD: The government on Monday reduced prices of re-gasified liquefied natural gas (RLNG) for April by 15.67% for Sui Northern Gas Pipelines Limited (SNGPL) and 15.9% for Sui Southern Gas Company (SSGC) over the previous month.

The Oil and Gas Regulatory Authority (Ogra) has set new prices at $9.5834 per mmbtu for the consumers of SNGPL and $9.5582 per mmbtu for SSGC consumers. In the previous month of March, the RLNG price for SNGPL was $11.367 per mmbtu and for SSGC it was $11.3681 per mmbtu. In absolute terms, the RLNG price has been slashed by $1.7836 per mmbtu for SNGPL and $1.8098 per mmbtu for SSGC.

Economists believe the decline in imported gas prices will have a very positive impact on reducing inflationary pressure in the economy.

Since RLNG has been a major contributor in power generation after the hydel source, with the decline in RLNG prices, the cost of energy will also come down, which will provide relief for power consumers.

Published in The Express Tribune, April 7^th, 2020.

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