Gas Prices Increased by Up to 15.3%
The Oil and Gas Regulatory Authority (OGRA) has increased regasified liquefied natural gas (RLNG) prices by up to 15.3% for … Read More The post Gas Prices Increased by Up to 15.3% appeared first on ProPakistani .
The Oil and Gas Regulatory Authority (OGRA) recently raised regasified liquefied natural gas (RLNG) prices by up to 15.3% for October, affecting Sui gas companies SNGPL and SSGCL. This increase came after a 20% reduction in September, primarily driven by rising international crude oil prices. The higher LNG import prices, which rose from $10.06 to $10.75 per million British thermal units (mmBtu) between September and October, contributed to the price hike.
SNGPL and SSGCL both experienced a 13.9% and 15.25% price increase, respectively, at the transmission stage, bringing their RLNG sale prices to $15.94 and $14.53 per mmBtu. At the distribution stage, the prices climbed by 14% and 15.27%, reaching $17.33 and $16.396 per mmBtu for SNGPL and SSGCL. The difference between the average delivered LNG price and the distribution-stage price highlights additional costs in the supply chain, such as charges and margins collected by entities like PSO, PLL, and port authorities, as well as distribution system losses.
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