OGRA reserves decision on SSGC petition

December 6, 2021 (MLN): The Oil and Gas Regulatory Authority (OGRA) on Monday has reserved its decision on the Sui Southern Gas Company Limited (SSGCL) petition for raising gas tariff by Rs58.42 per mmbtu for the fiscal year 2022 amid an increase in the cost of gas and other components, a notice by the authority showed today.

On October 12, 2021, the state-owned gas utility submitted the petition before the authority for review of its estimated revenue requirement/ prescribed prices for FY2021-22.

The SSGCL has projected a shortfall in revenue requirement of Rs.18,399 million for FY 2021-22 and sought an increase in its average prescribed price by 58.42 per mmbtu effective July 01, 2021, and the petitioner has also estimated RLNG cost of services at Rs.30.48 per mmbtu.

The authority admitted the petition and issued notices on November 23, 2021, to all stakeholders and held a public hearing at Karachi on 6th December 2021 under the chairmanship of Mr. Masroor Khan and two members [member (gas) and member (oil)], OGRA under section 8(2) of the OGRA Ordinance, 2002 read with Rule 4(3) of Natural Tariff Rules, 2002 to provide an opportunity to all consumers/general public and stakeholders to participate and provide their input/comment on the petition.

Meanwhile, the regulator reserved its decision which shall be passed in due course of time.

Copyright Mettis Link News