The Oil and Gas Regulatory Authority (OGRA) has disclosed estimated revenue requirements and proposed new gas prices for both Sui companies for the fiscal year 2024-25.
According to official documents obtained by NetMag, OGRA suggests an average gas price of Rs. 1,635.90 per MMBTU for Sui Northern Gas Pipelines Limited (SNGPL), indicating a 10 percent reduction, equivalent to Rs. 179.17 per MMBTU.
For Southern Gas Company Limited (SSGC), OGRA recommends an average price of Rs. 1,401.25 per MMBTU, reflecting a 4 percent or Rs. 59.23 per MMBTU decrease from current rates. Additionally, OGRA has addressed the financial impacts of past years’ rupee shortfalls. SNGPL’s claimed financial impact stands at Rs. 862,612 million, while OGRA’s determination is Rs. 580,585 million.
READ MORE: IMF Loan Program Hinges on Budget Approval
Sources reveal that policy recommendations have been forwarded to the federal government, with OGRA seeking consultations on category-wise selling prices.
Until any revisions are instructed by the federal government, the existing selling prices of natural gas will remain unaltered.
Sources further mention that notifications of any revisions will be issued by OGRA based on the government’s decision.
