RLNG gets costlier by 3.8pc

The Oil and Gas Regulatory Authority (Ogra) has notified that the average sale price of re-gasified liquefied natural gas (RLNG) for October experienced an increase of over 3.8 per cent from the preceding month for Sui companies. The RLNG price increased by $0.4966 per million British thermal units (mmBtu) or 3.87pc for consumers of Sui Northern Gas Pipeline Ltd (SNGPL), while the price surged by $0.5081 per mmBtu, or 3.8pc, for Sui Southern Gas Company (SSGC) consumers compared to September. RLNG prices have seen a third hike this year, largely due to fluctuations in the global market. In September, prices rose by 2.79pc for SNGPL and 3.08pc for SSGC. Earlier, in May, both Sui companies also experienced a price increase of 1.3pc. This surge follows closely on the heels of the government’s announcement of a substantial hike in natural gas prices for domestic users. Over the first seven months of this year, a consistent downward trend has been observed. The figures reveal a series of monthly declines when compared to their respective preceding months. January saw a drop of 2.2pc, followed by a more significant decrease of 4.3pc in February. March continued the trend with a 3.16pc fall, while April experienced a slight dip of 0.47pc. After an increase in May, June recorded a 2.55pc decline. The downward trajectory persisted with July and August registering reductions of 1.5pc and 1.3pc, respectively.