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ISLAMABAD: Oil and Gas Regulatory Authority (Ogra) has reduced the weighted average prices of RLNG for consumers of Sui Northern Gas Company Limited (SNGPL) and Sui Southern Gas Company (SSGC) for March in month to month comparison. The consumers of SNGPL will receive RLNG at $9.5905 per mmbtu in March. The price is slightly down against February which was $9.6191 mmbtu.

The weighted average RLNG price for SSGC has been computed at $9.3145 per mmbtu which was $9.3570 per mmbtu in February. The regulator has worked out the provisional prices on the basis of 11 cargos. Six have been imported by Pakistan State Oil (PSO) at 13.37 percent of average Brent $55.9 bbl and DEX price is $7.5872 mmbtu. During the same period PLL imported five cargos at $7.1037 mmbtu.

Copyright Business Recorder, 2021

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