*ISLAMABAD: The federal government has approved a 40 per cent hike inRe-gasified Liquefied Natural Gas (RLNG) for the month of May, ARY Newsreported on Friday.*
The Oil and Gas Regulatory Authority (OGRA) notified revised rates ofRe-gasified Liquefied Natural Gas (RLNG) for the month of May.
According to the notification, the per MMBtu price of imported RLNG on thesystem of Sui Northern Gas Pipelines Company Limited (SNGPL) has beenincreased up to $6.2152, jacking up its rate to $21.8317.
Likewise, per MMBtu (Million British Thermal Unit) price of imported RLNGhas been hiked up to $6.8772 for the Sui Southern Gas Pipelines Company(SSGC) system and the new rate will be $23.7873 per MMBtu.
In the previous month of April, the RLNG rate for SNGPL was fixed at$15.6165 per MMBtu and $16.9101 per MMBtu for SSGC.
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The costly RLNG will increase the production cost of the industries whilethe power tariff will go further up in the country. The increasingproduction cost will also jack up the commodities rates besides affectingthe industrial exports.
Former energy minister Hammad Azhar said in the Twitter message that thepresent government had purchased four priciest LNG cargoes in one go lastmonth which resulted in the massive hike in the distribution price of RLNGfor SNGPL by $6.21 to $21.831 and $6.87 to $23.78 for SSGC
