ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Thursday notified the prices for imported Liquefied Natural Gas (LNG) for the month of January, ARY News reported.
According to the OGRA notification, the new LNG price for SNGPL has been set at $14.31 per unit while prices for SSGC have been set at $14.51 per MMBTU.
The price for imported LNG for SNGPL was $14.46 per unit, while a unit of imported was sold for $17.84 to SSGC last month.
74% increase in the price of natural gas
Yesterday, OGRA approved a 74 per cent hike in the projected natural gas prices for the financial year 2022-23.
According to details, the regulator has allowed Sui Northern Gas Pipeline Limited (SNGPL) to increase prices by up to 74.42 percent. It also allowed Sui Southern Gas Company (SSGC) to increase gas prices by 67.75 percent for the year 2022-23.
The oil and gas regulator approved hikes of Rs 406.28 and Rs 469.28 per million British thermal units (mmBtu) for SNGPL and SSGC, respectively.
OGRA further said that the average gas price for SNGPL would go up to Rs 952.17 per unit from the existing price of Rs 545.89 per mmBtu, while that of SSGCL would go up to Rs 1,161 per unit from the current 692.63 Rs per mmBtu.
Any revision as per the advice of the federal government will be notified accordingly by OGRA. Until then, the existing gas sales prices by category will continue to prevail.