OGRA holds public hearing in Karachi

ISLAMABAD: The Oil and Gas Regulatory Authority conducted a public hearing in Karachi to seek comments/point of view of consumers, general public and stakeholders on the review petition filed by Sui Southern Gas Company Limited (SSGCL) under Section 8(2) of the Oil & Gas Regulatory Authority Ordinance, 2002 read with Rule 4(3) of Natural Gas Tariff Rules, 2002 for Review of its Estimated Revenue Requirement / Prescribed Prices for F.Y. 2022-23.
In the instant petition, SSGCL has projected a shortfall in revenue requirement at Rs.184,881 million, including Rs. 33,787 million on account of un-recouped shortfall for F.Y. 2021-22 seeking an increase in its average prescribed price by Rs. 667.44 per MMBTU in its prescribed prices for F.Y.2022-23. Besides above, the petitioner has estimated RLNG cost of service at Rs. 26.23/MMBTU for 2022-23. -PNP