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June 05, 2022 (MLN): The Oil and Gas Regulatory Authority (OGRA) has allowed Sui Northern Fuel Pipelines Minimal (SNGPL) and Sui Southern Fuel Organization Constrained (SSGCL) to raise the charges by 45% and 44% per mmbtu, respectively.
The aforementioned hike is based mostly on the Determination of Approximated Profits Need (DERR) for FY23.
Accordingly, SNGPL has been allowed to increase the gasoline selling price by Rs266.58/mmbtu. On the other hand, it sought an boost in gasoline value by Rs1,079/mmbtu against the revenue requirement of Rs597 billion for FY23.
Meanwhile, OGRA permitted SSGC to transfer up the fuel price tag by Rs308.53/mmbtu in opposition to the proposed hike of Rs313/mmbtu as the profits need of SSGC for FY23 is all around Rs286 billion.
Both determinations have been despatched to the federal governing administration for receipt of group-wise normal gas sale price information.
The economical affect of prior decades' shortfall of Rs264,894 million i.e. Rs720.20/mmbtu has been referred to the federal authorities for an proper policy decision and is, therefore, not made aspect of quick resolve.
By way of the reported willpower, the federal government has been asked for information on classification-smart sale charges. Any revision as advised by the federal government shall be notified by OGRA. Till such time the existing sale rate shall go on to prevail.
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