LAHORE: OGRA has determined the estimated revenue requirements of needle companies for the financial year 2024-25 by reducing gas prices by ten percent.
The Oil and Gas Regulatory Authority (OGRA) has issued a notification for determining the revenue requirements of oil companies for the financial year 2024-25, according to which the average proposed price of gas for SNGPL is 1635.90 per mmbtu. It has been suggested Rs.
Also, the price per mmbtu decreased by 10% ie Rs 179.17. The financial impact of last year’s rupee shortfall is Rs 862,612 million per petition as claimed by SNGPL and Rs 580,585 million per OGRA, which has been referred to the federal government for an appropriate policy decision. , it has not been made a part of this decision.
Similarly, the average proposed price for SSGCL has been fixed at Rs 1401.25 with a reduction of Rs 59.23 per MMBTU i.e. 4%.
A consultation has been requested from the federal government regarding category-wise selling prices. Notification of any revision will be issued by OGRA as per the advice of the Federal Government. Until then, the current category-wise selling prices of natural gas will remain unchanged.
