OGRA approved revenue requirement for SNGPL,SSGC with considerable decrease

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Islamabad July 14 (Online Int’l): Oil and Gas Regulatory Authority (OGRA) has approved revenue requirement for SNGPL,SSGC for FY 2020-2021 with considerable decrease.

Oil and Gas Regulatory Authority (OGRA) has determined the revenue requirement of gas companies i.e., Sui Northern Gas Pipeline Company Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) for FY 2020-21 respectively and has sent the same to Federal Government for gas sale price advice in respect of each category of consumers under Section 8(3) of said Ordinance.

With is 106.5 % less then demand and 6% less than existing price. OGRA has significantly slashed the gas companies’ demand for increase in gas prices for FY 2020-21. The main reason for reduction in price is international oil prices along with other disallowances made by OGRA in respect of revenue & capital expenditures.

The detail of OGRA decision regarding revenue requirements of gas companies is available at www.ogra.org.pk.

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