RLNG | Pakistan

• LPG rates for August increased to Rs254.32 per kg • Ogra says five spot cargoes had to be procured after no shipment secured from Qatar • Regulator finally reveals lower prescribed prices for gas utilities, finalised on June 23 • Rs50bn savings from lower gas rates to be used for circular debt adjustment ISLAMABAD: In a major price shock, Ogra on Friday notified a record 32pc increase in regasified liquefied natural gas (RLNG) prices for August, fixing the rate at $25.83 per mmBtu for Sui Northern Gas Pipelines Limited (SNGPL) and $25.09 per mmBtu for Sui Southern Gas Company Limi­ted (SSGCL), while denying consumers about Rs50bn in savings from lower natural gas rates. This translates into a retail price of around Rs7,204 per mmBtu. The revised price is based on five imported LNG cargoes procured from the spot market, as no shipment could be secured from Qatar due to the US war on Iran. This is the biggest-ever increase in RLNG prices in the commodity’s decade-long history. The latest increase comes on top...

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...