ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Thursday slashed prices of re-gasified liquefied natural gas (RLNG) by up to $1.84 per mmbtu for May.
Owing to a reduction in global crude oil prices, LNG prices have come down to $7.7 per mmbtu.
The regulator has notified the cut in RLNG price by $1.84 per mmbtu for Sui Northern Gas Pipelines Limited (SNGPL) and $1.806 per mmbtu for end-consumers of Sui Southern Gas Company (SSGC) over the previous month. Due to the lockdown in the country and a significant reduction in international prices of Brent crude, the RLNG prices have also declined sharply.
Per-kg price of CNG will also be reduced in Punjab, where RLNG is used in filling stations, in the same proportion. Ogra notified the new RLNG monthly prices based on eight LNG cargoes imported by Pakistan State Oil (PSO) and Pakistan LNG Limited (PLL). Ogra has set the new price at $7.7105 per mmbtu for the SNGPL consumers and $7.7521 per mmbtu for the SSGC consumers.
Published in The Express Tribune, May 8th, 2020.
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