The Oil and Gas Regulatory Authority (OGRA) has decided to hold a public hearing on a petition lodged by the Sui Southern Gas Company (SSGC), seeking an increase of Rs. 58.42 per MMBTU in its prescribed prices effective from 1 July 2021 to compensate for the increase in the cost of gas.
According to details, OGRA will hold the public hearing on SSGC’s petition on 6 December 2021, Monday, at 10.30 am in Pearl Continental Hotel in Karachi.
SSGC had filed the petition on 12 October 2021 in OGRA under section 8(2) of the OGRA Ordinance 2002 read with rule 4(3) of Natural Gas Tariff Rules 2002 to review its estimated revenue requirement and prescribed prices for FY 2021-22.
Here is a breakdown of the projected prescribed prices for FY 2021-22 as claimed by SSGC.
|Units sold (BBTU)||314,911|
|Cost of gas sold||774.54|
|Adjustment for UFG above benchmark||39.12|
|Transmission and distribution costs including others||70.51|
|Return on net average operating fixed assets||22.32|
|Other operating income||16.18|
|Subsidy for LPG air-mix project||3|
|Average prescribed price||838.30|
|Current average prescribed price||779.88|
|Increase requested for average prescribed price||58.42|
SSGC has also estimated the cost of service for RLNG at Rs. 30.48 per MMBTU for FY 2021-22.
OGRA has invited all interested and affected persons including gas consumers and the general public to provide comments, suggestions, and intervention requests during the public hearing.