The government has announced an increase in re-gasified liquefied natural gas (RLNG) prices for both the Sui companies, with a rise of up to $0.3987 per MMBtu, representing a 3.08 percent increment for the month of September.
According to a notification issued by the Oil and Gas Regulatory Authority (OGRA), the RLNG price for consumers of Sui Northern Gas Pipelines Limited (SNGPL) has been raised by $0.3481 per MMBtu, equivalent to a 2.79 percent increase from the previous month. Meanwhile, for consumers of Sui Southern Gas Company (SSGC), prices have been increased by $0.3987 per MMBtu, marking a 3.08 percent hike compared to August.
The OGRA, in alignment with the federal government’s policy guidelines, has determined the regasified liquefied natural gas (RLNG) prices for the Sui companies, effective from September 1st, 2023, as stated by an OGRA spokesperson. The increase in RLNG prices is attributed to the rising RLNG brent prices in the international market, the spokesperson added. Additionally, the devaluation of the Pakistani rupee is another factor contributing to the upward adjustment in RLNG prices.
OGRA has issued the determined RLNG weighted average sale provisional price, setting it at $12.8366 per MMBtu for SNGPL consumers, while SSGC consumers will be charged $13.3636 per MMBtu for the month of September. In comparison, for the month of August, OGRA had established RLNG prices at $12.4885 per MMBtu for SNGPL consumers, and $12.9649 per MMBtu for SSGC consumers.
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