OGRA holds hearing on SNGPL’s petition to determine ERR for FY23

MG News | March 30, 2022 at 02:59 PM GMT+05:00

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March 30, 2022 (MLN): Oil and Gas Regulatory Authority (OGRA) held a public hearing at Lahore on March 30, 2022, at PC Lahore to consider Sui Northern Gas Pipelines Limited (SNGPL)’s petition for Determination of its Estimated Revenue Requirements / prescribed prices for the next fiscal year.

The petitioner has projected the average Prescribed Price at Rs920.88/mmbtu for FY 2022-23. The petitioner has also requested Rs1,172.01/mmbtu on account of previous years' shortfall. Accordingly, the aggregate average prescribed price has been requested at Rs2,074.89 per MMBTU including previous years’ shortfall in the natural gas business.

The petitioner has also projected RLNG cost of service at Rs490.18 per MMBTU w.e.f July 01, 2022, for RLNG business, including Rs330.68/MMBTU on account of the differential impact of RLNG diversion.

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