Gas price hike sought by Sui firms for July, OGRA to decide
Sui Northern and Sui Southern have asked the regulator for higher average gas prices, citing limited winter supply, LNG costs and rising global crude oil prices.
Sui Northern seeks a Rs10 per MMBTU rise, with a new average price of Rs1712.40 requested.
Sui Southern seeks a Rs366.75 per MMBTU increase and a new average price of Rs2071.75.
Both companies want the change to apply from 1 July.
The companies cite limited local gas in winter, the need for 16 LNG cargoes and higher global crude oil prices.
OGRA will hear both applications before taking a final decision on average gas prices.