Govt raises RLNG prices by 3.87pc for consumers of SNGPL, SSGC.

The government Tuesday increased re-gasified liquefied natural gas (RLNG) prices by up to $50.81 per million metric british thermal units (MMBtu) or 3.87 percent for the consumers of both the Sui Gas companies.

A notification issued by the Oil and Gas Regulatory Authority (OGRA) said that the price of RLNG for consumers of Sui Northern Gas Pipelines Limited (SNGPL) has increased by $0.496 per MMBtu (or 3.87pc) from the previous month, while for consumers of Sui Southern Gas Company (SSGC) it has been increased by $0.508 per MMBtu (or 3.8pc) compared to September prices. 'In accordance with the Policy Guidelines of the Federal Government, Ogra has determined the RLNG prices for Sui Gas companies, effective from October 1st, 2023,' the spokesperson for Ogra stated. The increase in RLNG prices is attributed to the rise in Brent prices in the international market, he said. Since LNG prices are associated with the price of crude oil, any fluctuations in the price of crude oil would also affect gas prices.

As per the provisional RLNG prices announced by Ogra, for the month of October, the weighted average sale price for Sui Northern Gas Pipelines Limited (SNGPL) consumers has been set at $13.3332 per million metric british thermal units (MMBtu), while Sui Southern Gas Company (SSGC) consumers will be charged $13.8716 per MMBtu. In September, the RLNG prices set by OGRA were $12.8366 per MMBtu for SNGPL consumers and $13.3636 per MMBtu for SSGC consumers. It is...