PLL seeks higher LNG margins
Govt ends monopoly of state-run firms in LNG market by opening it to private sector
Market players urged government to reduce margins on LNG imports as a result of merger of PLL and PLTL. PHOTO: REU-TERS
ISLAMABAD:
At a time when the government is looking to end monopoly of state-run companies in the liquefied natural gas (LNG) market by allowing private sector to import LNG, Pakistan LNG Limited (PLL) has come up with a proposal for increase in its margins - a move which will put more burden on consumers.
PLL is importing two contract cargoes of LNG every month. At the same time, it is importing a few spot cargoes, forcing consumers to utilise gas at higher prices.
Ogra recommended the government to increase the price of petrol by up to Rs16 per litre from February 16 in view of the global rise in the prices of petroleum products
The Oil and Gas Regulatory Authority (Ogra) has allowed Sui Northern Gas Pipelines Limited (SNGPL) to increase the average price of gas by 2% for all categories of consumers for financial year 2020-21.
Gas price for Punjab and KP made dearer by 2pc
National
February 11, 2021
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has permitted the Sui Northern Gas Pipelines Limited (SNGPL) to increase its average gas price by Rs 13.42/MMBtu (or 2 percent) for the financial year 2020-21. The increase has been made over the existing average sale prices of Rs631.41 per MMBtu. The new price will be Rs644.84/MMBtu.The SNGPL had requested Ogra to increase Rs123 per MMBtu. The SNGPL is feeding consumers in Punjab and KP provinces.
The regulator announced the increase in gas prices in a decision issued on Wednesday. The federal government will make the final decision to pass on the different increases for different categories of consumers. The prices for domestic consumers have been lower compared to other consumers, who bear cross-subsidy.