Exporters to get $9 MMbtu gas tariff for May, June

MG News | May 31, 2023 at 12:02 PM GMT+05:00

0:00

May 31, 2023 (MLN): The government has decided on the continuation of the concessionary tariff of $9 MMbtu for the months of May and June 2023 to five export-oriented sectors, according to a notification issued by the Ministry of Energy.

The decision will entail a supplementary grant of Rs4 billion by enabling Sui Northern Gas Pipelines Limited (SNGPL) to disburse a subsidy of Rs2bn each for the months of May and June 2023.

To recall, on April 29 2023, the company had withdrawn the concessionary tariff, as the subsidy allocated by the government for the supply of gas/RLNG at a subsidized rate had been fully exhausted.

The company had also notified earlier that the gas/RLNG to the industrial unit will remain available at OGRA-notified tariff.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,994.25 471.83M	0.46% 797.54
ALLSHR	103,303.31 1,049.86M	0.50% 514.79
KSE30	52,553.15 215.10M	0.45% 233.07
KMI30	247,752.64 277.94M	0.00% 5.24
KMIALLSHR	66,835.73 529.73M	0.11% 72.63
BKTi	49,288.54 96.15M	1.72% 834.30
OGTi	36,217.77 11.19M	-0.31% -113.08

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,400.00	77,030.00 75,530.00	20.00 0.03%
BRENT CRUDE	94.89	95.68 93.86	-0.59 -0.62%
RICHARDS BAY COAL MONTHLY	103.25	0.00 0.00	-0.15 -0.15%
ROTTERDAM COAL MONTHLY	101.40	0.00 0.00	-0.20 -0.20%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	86.80	87.49 85.50	-0.62 -0.71%
SUGAR #11 WORLD	13.64	13.65 13.51	0.00 0.00%