Pakistan’s state-owned gas utilities, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL), have petitioned the Oil and Gas Regulatory Authority (OGRA) to raise prescribed gas prices for the 2026-27 fiscal year. The utilities have proposed that these adjustments take effect retrospectively from July 1.
SNGPL has requested an increase of Rs. 10 per million British thermal units (MMBtu), which would bring its average prescribed price from Rs. 1,702 to Rs. 1,712.40. SSGCL has sought a significantly larger increase of Rs. 366.75 per MMBtu, proposing a revised average price of Rs. 2,071.75.
SNGPL’s request includes Rs. 60.147 billion in liquefied natural gas (LNG) service costs. The company estimated the cost of LNG at Rs. 471.16 per MMBtu. SNGPL stated that because indigenous gas is limited during the winter, additional supplies are necessary to meet demand. The utility estimates that 16 LNG cargoes will be required for this purpose.
Both SNGPL and SSGCL cited rising international crude oil prices as a factor behind their requests for higher prescribed gas rates. OGRA will hold hearings on the applications submitted by both companies before making a decision on the proposed adjustments.
