Ogra raises RLNG prices for Sui companies

With system losses at a record 16.16 per cent, the Oil and Gas Regulatory Authority (Ogra) on Thursday notified up to 2pc increase in the price of Regasified Liquefied Natural Gas (RLNG) for sale to consumers by the two Sui gas companies for February. Karachi-based Sui Southern Gas Company Ltd (SSGCL) serves consumers in Sindh and Balochistan, and Ogra approved an increase in its system losses from 13 to 16.16pc. On the other hand, Lahore-based Sui Northern Gas Pipeline Ltd (SNGPL) provides gas to consumers in Punjab and Khyber Pakhtunkhwa, and its system losses stood at 8.6pc compared to 8pc earlier. According to notification, the RLNG’s sale price for SNGPL at the transmission stage increased by 1.96pc to $11.96 per million British thermal unit (mmBtu) against 11.73 per mmBtu in January. The sale price at the distribution stage for SNGPL was jacked up by 1.86pc to $12.90 per mmBtu against $12.67 per mmBtu for January.