Source: Business Recorder

Islamabad: The Oil and Gas Regulatory Authority (OGRA) on Wednesday, October 9, notified a surge in prices of imported gas by up to 6.6% for October 2019. The regulator augmented the prices of Re-Gasified Liquefied Natural Gas (RLNG) by 6.43% for Sui Northern Gas Pipelines Limited (SNGPL) and 6.62% for Sui Southern Gas Company (SSGC) compared to the previous month.

Moreover, OGRA fixed the latest prices at $10.723 per million British thermal units (mmbtu) for SNGPL consumers and $10.7105 per mmbtu for SSGC purchasers. In the previous month, the RLNG price for SNGPL was $10.0751 per mmbtu and for SSGC; it was $10.0457 per mmbtu. Thus, in absolute terms, RLNG prices have been boosted by $0.6479 per mmbtu for SNGPL and $0.6648 per mmbtu for SSGC.