KARACHI: Sui Southern Gas Company Limited has filed a petition before the Oil & Gas Regulatory Authority (OGRA) for review of its estimated revenue requirement/prescribed prices for FY2018-19.
It may be mentioned here that this proposed revision in prescribed prices would not affect consumer end tariffs.
SSGC has requested the authority to allow an upward adjustment of Rs84.30/mmbtu in its prescribed prices effective from July 01, 2018 for FY 2018-19 to compensate for increase in cost of gas and other components.
Earlier, in its petition in October 2018, SSGC had proposed an increase of Rs126.29/mmbtu in its prescribed prices. Subsequently, SSGC vide its letters dated November 13, 2018 and December 4, 2018 revised it’s per mmbtu shortfall to Rs84.30/mmbtu.
According to the breakup presented by SSGC, the company’s revenue requirement comes to average of Rs671.84/mmbtu for FY2018-19 as against the current average prescribed price of Rs587.55/mmbtu.
OGRA has invited all consumers, interveners, general public and interested/affected persons and parties to furnish their comments and interventions on the petition filed by the gas utility.
OGRA has also decided to hold a public hearing on December 18, 2018.