Islamabad: The Oil and Gas Regulatory Authority (OGRA) has requested the government to reduce natural gas rates by up to 6% to facilitate local consumers – owing to the decline in international oil prices, according to a news source published on July 15.
The said proposal was made after the commencement of a public hearing where statistical analysis was executed on the data from the Sui Northern Gas Pipelines Limited (SNGPL) and the Sui Southern Gas Company Limited (SSGCL).
The oil regulatory authority issued these directions on Tuesday – after the state-operated gas distribution companies approached it to get approval for a 101% increase in prescribed gas prices from July. However, the authority rejected their demands after holding the public hearing and reduced the gas prices of SSGCL by PKR 18.30/mmbtu (2% decrease) and SNGPL by PKR 40.94/mmbtu (6.1% decrease).
Furthermore, OGRA has determined the revenue requirements of both the SNGPL and the SSGCL for the (Fiscal Year) FY2020-21 and has sent the same to the centre for gas sale price advice, proposed in respect of each consumer category.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
