Ogra Suggests Reducing Gas Prices

The Oil and Gas Regulatory Authority (Ogra) has recommended a decrease in gas prices provided by Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC).

In contrast to the gas companies’ requests, Ogra proposed a 10% reduction in the average gas price for SNGPL and a 4% decrease for SSGC. The national oil regulator suggested reducing the price of SNGPL gas by Rs179.17 per metric million British thermal unit (mmbtu) to Rs1,635.90 per mmbtu.

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Similarly, it proposed lowering the price of SSGC gas by Rs59.23 per mmbtu, bringing the average price to Rs1,401.25 per mmbtu. A spokesperson for Ogra stated that the regulatory authority has submitted its decision to the federal government for approval.