ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has notified a reduction in the prices of Liquefied Natural Gas (LNG) for the month of February 2021.
According to a notification, the authority has notified a price cut of $0.02 per MMBTU for Sui Northern Gas Pipelines Company Limited (SNGPL) and $0.02 per MMBTU for Sui Southern Gas Company (SSGC).
The price of LNG on the SNGPL system has been set up at $9.59 per MMBTU, while the same on the SSGC system has been kept at $9.31 per MMBTU.
It worth mentioning here that the authority had last month announced a hike in LNG prices for the month of February. The prices of imported LNG were increased by $0.88 per MMBTU for SSGC and $0.89 for SNGPL.
According to a notification, the price of LPG will now be available for Rs159.74 per kilogram. Consequently, the price of an 11.8-kilogram domestic cylinder has been increased by Rs21.72 and will now be available for Rs1884.92.
On February 16, Prime Minister Imran Khan had rejected OGRA’s proposal to increase the price of petroleum products.
In the interest of public welfare, the PM did not approve the recommendation of increasing prices of petroleum products, saying that the government will go to any lengths to provide relief to the people.
OGRA had forwarded a summary to the prime minister seeking an increase of Rs14.07 per litre in the price of petrol and Rs13.61 per litre in the price of high-speed diesel. The authority had also recommended an increase in the price of kerosene oil by Rs10.79 per litre.
OGRA had based the recommended rates on a levy of Rs30 per litre. The current rate of petroleum levy is Rs21.04 per litre on petrol and Rs22.11 per litre on HSD. The government is also charging 17% general sales tax (GST) on petroleum products.
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