Gas utilities seek average price increase for FY27
ISLAMABAD: The state-owned Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) have filed petitions with the Oil and Gas Regulatory Authority (Ogra), seeking an increase in their average prescribed gas prices for the fiscal year 2026-27, effective retrospectively from July 1. In the petition, SNGPL has sought an increase of Rs10 per million British thermal…
Islamabad: State-owned gas companies Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) have petitioned the Oil and Gas Regulatory Authority (Ogra) for an average price hike for fiscal year 2026-27, effective from July 1. SNGPL is requesting a Rs10 increase per million British thermal units (MMBtu), raising its average price to Rs1,712.40 from the current Rs1,702. SSGCL seeks a more substantial increase of Rs366.75 per MMBtu, proposing to raise its average price to Rs2,071.75.
SNGPL claims its proposal includes Rs60.147 billion for LNG service costs, with LNG costs amounting to Rs471.16 per MMBtu. The company cites limited indigenous gas availability during winter as prompting additional supply arrangements, estimating 16 LNG shipments would be necessary to meet demand.
SSGCL also attributes its price increase request to the rise in international crude oil prices. Ogra will review both requests before finalizing the proposed adjustments to gas prices.
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