RLNG price cut by 8pc for January

With system losses touching a massive 14.5 per cent, the Oil and Gas Regulatory Authority (Ogra) on Thursday notified up to 8pc reduction in the sale price of regasified liquefied natural gas (RLNG) for two Sui gas companies — SSGCL and SNGPL — for the current month with effect from Jan 1 owing to lower international prices. The RLNG sale price for Karachi-based Sui Southern Gas Company Ltd has been cut at the transmission stage by 7.8pc to $12.229 per million British thermal unit (mmBtu) from $13.264 per mmBtu in December 2023. It was $12.05 in November and $11.47 in October. The sale price at the distribution stage was decreased by 7.81pc to $14.245 per mmBtu for January, down from $15.45 in December 2023. It stood at $14.034 in November and $13.36 in October.