RLNG | Pakistan

ISLAMABAD: Less than a week after the government hiked the prices of petroleum products by a whopping Rs55, the Oil and Gas Regulatory Authority (Ogra) on Thursday notified a massive 19-22 per cent increase in the price of regasified liquified natural gas (RLNG) for sales at the distribution stage by the two Sui gas companies for the month of March. The increase was mainly because of increase in terminal charges amid lower import molecules and minor increase in import price, the dataset from the authority showed. The rare increase (19-22pc) in RLNG price for March has come following a minor 0.5pc increase in February and two consecutive monthly reductions in December (6pc) and January (5pc). The prices had cumulatively increased by 4.4pc in October and November. The Karachi-based Sui Southern Gas Company Limited (SSGCL) serves consumers in Sindh and Balochistan and its system losses at the distribution stage stand at 12.55pc, compared to 10.6pc a couple of months earlier. On the other hand, the Lahore-based S...