KARACHI: Sui Southern Gas Company (SSGC) has filed a petition before the Oil and Gas Regulatory Authority (OGRA) for review of its estimated revenue requirement / prescribed prices for FY18/19.
SSGC has requested the authority to allow an upward adjustment of Rs84.30/mmbtu in its prescribed prices effective from July 1, 2018 for FY18/19 to compensate for increase in the 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 its per mmbtu shortfall to Rs84.30/mmbtu.
According to the breakup presented by the gas utility, the company’s revenue requirement comes to an average of Rs671.84/mmbtu for FY18/19 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.
Chinese power company had intended to acquire up to 18.336 billion ordinary shares of K-Electric, representing 66.4...
MARI also successfully drilled and tested another appraisal well in the Mari Ghazij formation located in Mari D&PL
Gold rates decreased by $30 to $2,381 per ounce in the international market
Growing number of Americans have seen their savings dwindle as rising prices squeeze budgets while interest rates stay...
IMF will closely watch the privatization of PIA by the end of June
PSX lays down the groundwork to encourage listed companies to adopt ESG reporting in line with global standards