Aaj TV

Oil and Gas Regulatory Authority (OGRA) has provisionally determined the gas price at Rs 644.84 per MMBTU (Million British Thermal Unit) with an average surge of 2% against each category of consumers of Sui Northern Gas Pipelines Limited (SNGPL) for the fiscal year 2020-21.

Disposing of the SNGPL's review petition for the estimated revenue requirement for the year 2020-21, the authority also provisionally determined the company's shortfall in estimated revenue requirement at Rs4,352 million and the revenue requirement at Rs228,703 million.

OGRA has notably slashed the SNGPL's demand for raise to gas prices for the current year, mainly due to stability in the Rupee & US Dollar parity ratio and other disallowances made in respect of revenue and capital expenditures.