Ogra slashes RLNG prices by up to 2.2pc for consumers of SNGPL, SSGC.

ISLAMABAD -- The Oil and Gas Regulatory Authority (Ogra) Thursday reduced the prices of re-gasified liquefied natural gas (RLNG) by up to 2.2pc for the consumers of Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company (SSGC), for January 2023, according to the notification issued by OGRA. For Sui Northern Gas Pipeline Limited (SNGPL) consumers, its price has been reduced by 1.02pc or $0.1478/MMBtu, while for Sui Southern Gas Company (SSGC) the price has been slashed by 2.2pc or $0.3297/MMBtu over the previous month. After the notification, the price of RLNG for the consumers of SNGPL has been decreased from $14.4666 per MMBtu in December to $14.3188/mmBtu, while for SSGC consumers price has been decreased from $14.8454/ MMBtu in December to $14.5157/ mmBtu for January 2023. It is worth mentioning here that the prices of RLNG have recorded a decline of 18pc since September 2022. In September, the price of RLNG was hovering above $17 per Million British Thermal Unit (MMBTU). However, the new RLNG prices are higher than the prices in the same month of last year. During January 2022, the RLNG price was $13.5655/MMBtu for SNGPL and $14.2803/MMBtu for SSGC consumers. The notified prices of RLNG also...