ISLAMABAD The Oil and Gas Regulatory Authority (Ogra) has suggested lowering the pricing of gas delivered by Sui Northern and Southern gas firms after evaluating the income requirements for the financial year 2024–2025 (Geo News, Tuesday).
Ogra suggested 10% lower average gas prices for Sui Northern Gas Pipelines Limited (SNGPL) and 4% lower average gas prices for Sui Southern Gas Company (SSGC), against the wishes of the gas firms.
The national oil regulator proposed a reduction in the price of SNGPL gas to Rs1,635.90 mmbtu, or Rs179.17 per metric million British thermal unit (mmbtu).
In the meantime, it recommended lowering SSGC’s gas prices by Rs59.23 per mmbtu, resulting in an average gas price of Rs1,401.25 per mmbtu.
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A spokesman for the regulatory body stated that Ogra has submitted its decision for approval to the federal government.
However, on March 18, SNGPL also asked the Ogra to raise the price of gas by 147% following the SSGC.
