RLNG gets costlier by over 5pc this month

Despite a fall in system losses, the Oil and Gas Regulatory Authority (Ogra) on Monday notified over 5 per cent increase in the price of Regasified Liquefied Natural Gas (RLNG) at the transmission stage sale by the two Sui gas companies for the ongoing month. Karachi-based Sui Southern Gas Company Limited (SSGCL) serves consumers in Sindh and Balochistan, and its system losses at the distribution stage dropped from 16.16pc to 10.6pc. On the other hand, Lahore-based SNGPL provides gas to consumers in Punjab and Khyber Pakhtunkhwa, and its system losses at the distribution stage dropped to 7.47pc from 8.6pc until last month. According to the notification, the RLNG’s sale price for SNGPL at the transmission stage has been increased by 4.9pc to $12.59 per million British thermal units (mmBtu) for April against $12 per mmBtu. The sale price at the distribution stage for SNGPL was jacked up by 4.08pc to $13.48 per mmBtu for the current month against $12.95 per mmBtu in March.