RLNG price for May soars by up to $6.87/mmbtu

MG News | May 13, 2022 at 11:58 PM GMT+05:00

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May 13, 2021 (MLN): The Oil and Gas Regulatory Authority (OGRA) on Friday raised the distribution price of Regassified Liquefied Natural Gas (RLNG) by up to $6.87 per million metric British thermal unit (mmbtu) for the month of May 2022.

According to the notification, the new price of RLNG for Sui Northern Gas Pipelines Company Limited (SNGPL) has increased by $6.21 to stand at $21.831/mmbtu, while for Sui Southern Gas Pipelines Company (SSGC), it has been jacked up by $ $6.87 to $23.78.

To recall, in the month of April, the price of RLNG was clocked in at Rs$15.61/mmbtu and $16.91/mmbtu for SNGPL and SSGC, respectively.

This rise in RLNG prices will likely hit the cost of production of the industries that will put upward pressure on the prices.

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