OGRA issues statement on gas prices

OGRA issues statement on gas prices

WEB DESK: According to the Oil and Gas Regulatory Authority spokesperson, OGRA has determined the estimated revenue requirements for Sui companies, with estimates set for the fiscal year 2024-25.

The OGRA spokesperson stated that the gas price for Sui Northern Gas Pipelines Limited (SNGPL) has been reduced by 10%. The average proposed price for SNGPL is 1,635.490 PKR per MMBtu, which reflects a decrease of 179.17 PKR per MMBtu.

Read More: What is the difference between gross metering and net metering?

The spokesperson further informed that the price of gas for Sui Southern Gas Company (SSGCL) has been reduced by 4%. The average proposed price for SSGCL is set at 1,401.25 PKR per MMBtu, with a reduction of 59.23 PKR per MMBtu.

The OGRA spokesperson added that the decision has been sent to the federal government.

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