SNGPL to distribute 100,000 LPG cylinders

MG News | October 03, 2022 at 09:44 AM GMT+05:00

0:00

October 3, 2022 (MLN): Sui Northern Gas Pipelines Limited (SNGPL) will distribute 100,000 Liquified Petroleum Gas (LPG) cylinders due to expected gas shortage in the upcoming winter, the company’s stock filings on the stock exchange showed.

In a filing the gas distribution company said, in view of potential gas shortfall in the forthcoming winter the Ministry of Energy (Petroleum Division) recommended that all possible options should be explored to meet consumers’ energy demand, including supplying LPG Cylinders.

"The initial investment for this venture is up to Rs1.2 billion and the return on investment is not subject to the present Return on Assets (ROA) regime and will be determined as per market dynamics,” the company said.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	138,692.67 272.66M	-0.40% -561.69
ALLSHR	85,794.52 646.13M	-0.13% -109.75
KSE30	42,414.87 62.56M	-0.50% -213.30
KMI30	195,013.85 65.08M	-0.54% -1058.02
KMIALLSHR	56,594.69 245.40M	-0.07% -37.41
BKTi	37,920.00 12.79M	-0.43% -164.85
OGTi	27,769.25 6.81M	-1.02% -284.98

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,730.00	119,880.00 117,515.00	-1305.00 -1.10%
BRENT CRUDE	69.52	69.67 69.21	0.34 0.49%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.36	66.49 66.05	0.33 0.50%
SUGAR #11 WORLD	16.57	16.63 16.25	0.33 2.03%