The Sui Northern Gas Pipeline Limited (SNGPL) has sought an increase of Rs. 1,294.02 per million British thermal units (MMBTU) for the ongoing fiscal year 2022-23 (FY23).
In this regard, Oil and Gas Authority (OGRA) conducted a public hearing here on Monday to review the SNGPL’s estimated revenue requirements/prescribed prices for the FY23. SNGPL had earlier filed a petition before OGRA on 14th October.
In its petition, SNGPL had projected a shortfall in revenue requirement at Rs. 178,814 million, including Rs. 445 million on account of liquefied petroleum gas (LPG) Air-mix project for FY23, seeking an increase in its average prescribed price by Rs. 488.08/MMBTU with effect from 1st July 2022.
SNGPL also included Rs. 295,268 million as a shortfall pertaining to previous years, thereby seeking a total increase in the average prescribed price by Rs. 1,294.02/MMBTU.
Besides, the company also estimated the re-gasified liquefied natural gas (RLNG) cost of service at Rs. 1,015.64/MMBTU for FY23 including Rs. 762.44/MMBTU on account of the differential impact of RLNG diversion.
