OGRA Announced 9% Reduction for RLNG rates.
In a significant development, the Regassified Liquefied Natural Gas (RLNG) prices for February 2024 have seen a notable reduction, marking a decline of 8.7% and 9% for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC) respectively.
This reduction comes as per the latest notification issued by the Oil and Gas Regulatory Authority (OGRA) on Thursday.
Under the revised rates for February, SNGPL’s charges stand at $11.55/MMBtu for distribution and $12.49/MMBtu for transmission.
A comparison with January 2023 prices reveals a decrease of $1.1/MMBtu for SNGPL transmission and $1.2/MMBtu for distribution.
Likewise, SSGC’s new prices for February are fixed at $11.13/MMBtu for transmission and $12.96/MMBtu for distribution. This contrasts with the previous month, showcasing a drop of $1.1/MMBtu for transmission and $1.29/MMBtu for distribution.
The decision to slash prices is in line with the federal government’s policy directives, reflecting a concerted effort to offer relief and ensure stability in the energy sector. This move is expected to have a positive impact on consumers and industries reliant on natural gas, fostering economic growth and sustainability.
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