Ogra allows up to Rs469.28 per MMBtu hike in gas prices for SNGPL, SSGC consumers.

ISLAMABAD -- Oil and Gas Regulatory Authority (OGRA) has allowed up to Rs469.28 per MMBtu increase in average gas prescribed prices for the consumers of Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC). In its decision on the petitions of SNGPL and SSGCL for the estimated revenue requirement/ prescribed prices for FY2022- 23, released here, OGRA has allowed an increase of Rs 406.28/ MMBtu (74.42percent) in average gas prescribed prices of SNGPL and Rs 469.28/MMBtu (67.75 percent) hike in average gas prescribed prices of SSGC. In two separate petitions submitted to Oil and Gas Regulatory Authority (OGRA) for review of its estimated revenue requirements/prescribed prices for FY2022-23, SNGPL and SSGCL had sought an increase of 1294.02/MMBTU and Rs 667.44/MMBtu respectively in average prescribed gas prices effective from July 1, 2022. In its petition submitted to Oil and Gas Regulatory Authority (OGRA), SNGPL had pleaded to increase the prescribed average gas tariff of the company from the existing Rs 545.89/ MMBtu to Rs 1839.92/MMBtu or a hike of 237.05pc.

In the instant petition, SNGPL had projected a shortfall in revenue requirement at Rs.178.814b, including Rs.445 million on account of LPG Air-mix project for FY 2022-23 seeking increase in its average prescribed price by Rs. 488.08 per MMBtu effective July 01, 2022. The petitioner has also included Rs 295,268 million, being shortfall pertaining to previous years, thereby seeking total increase in average pre-scribed price by Rs 1,294.02/MMBtu w.e.f. 1st July, 2022. Besides above, the petitioner had estimated RLNG cost of service at Rs1,015.64/MMBtu for 2022-23 including Rs. 762.44/ MMBtu on account of differential impact of RLNG diversion. For the UFG adjustments above the benchmark SNGPL has claimed Rs 13.89/MMBTU. The SSGC had requested OGRA to increase its average prescribed price from Rs 662.63/MMBtu to...