OGRA notifies decline in LNG prices

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has notified a reduction in prices of liquefied natural gas (LNG) for consumers of two public gas utilities including Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC), ARY News reported on Thursday.

According to a notification issued by the OGRA, the LNG price for SNGPL consumers has been reduced by $0.06/mmbtu while for SSGC consumers the rate has been slashed by $0.03/mmbtu.

After the reduction, the OGRA fixed the LNG price at $13.23/mmbtu for SNGPL consumers and $13.48/mmbtu for SSGC consumers.

In March, the LNG price was $13.29/mmbtu for the SNGPL consumers and $13.51/mmbtu for the SSGC consumers.

READ: OGRA NOTIFIES DECLINE IN LNG PRICES

74 pc hike in natural gas prices

Earlier in January, OGRA approved a 74 per cent increase in the prescribed prices of natural gas for the 2022-23 fiscal year.