June 05, 2022 (MLN): The Oil and Gasoline Regulatory Authority (OGRA) has permitted Sui Northern Gasoline Pipelines Minimal (SNGPL) and Sui Southern Fuel Company Limited (SSGCL) to boost the prices by 45% and 44% for every mmbtu, respectively.
The aforementioned hike is based mostly on the Willpower of Approximated Income Necessity (DERR) for FY23.
Accordingly, SNGPL has been permitted to increase the gas price by Rs266.58/mmbtu. On the other hand, it sought an enhance in gas value by Rs1,079/mmbtu versus the earnings prerequisite of Rs597 billion for FY23.
In the meantime, OGRA permitted SSGC to go up the gasoline cost by Rs308.53/mmbtu towards the proposed hike of Rs313/mmbtu as the revenue need of SSGC for FY23 is around Rs286 billion.
Both equally determinations have been despatched to the federal authorities for receipt of class-wise natural gas sale rate assistance.
The money effect of previous decades' shortfall of Rs264,894 million i.e. Rs720.20/mmbtu has been referred to the federal govt for an ideal plan determination and is, thus, not manufactured element of prompt dedication.
By way of the stated determination, the federal authorities has been asked for guidance on category-intelligent sale charges. Any revision as suggested by the federal government shall be notified by OGRA. Until this kind of time the current sale rate shall keep on to prevail.
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