Latest news with #SuiSouthernGasCompanyLimited
Business Recorder
30-05-2025
- Business
- Business Recorder
Govt working to lift ban on new gas connections, says minister
Federal Minister for Petroleum Ali Pervaiz Malik said on Friday the government was working to lift the nationwide ban on new gas connections, as he acknowledged the safety concerns over the use of Liquefied Petroleum Gas (LPG) gas and incidents of cylinder explosions. 'Prime Minister Shehbaz Sharif and I have already discussed the issue of lifting the moratorium (on new gas connections)…we are to meet again with the resolve to end the ban soon,' said Ali Pervaiz Malik while talking to the media during his visit to the Sui Southern Gas Company Limited (SSGC). He said the government was aware that households and commercial customers were using expensive LPG gas despite having safety issues and risk of explosions associated with the use of LPG cylinders. The government announced moratorium on new gas connections in December 2021 and implemented in letter and spirit from March 2022. SSGC issues gas supply schedule for Ramazan 2025 According to a SSGC press statement, Minister Malik said that the energy sector 'is just like oxygen to the economy and they are taking initiatives to keep the supply and tariffs in line with the international market'. 'Early signs of recovery in key sectors have started showing up, but for that we need to maintain the same momentum and stability while moving forward,' the minister was quoted as saying in the SSGC statement. The issues related to downstream and upstream sectors were being worked on by the PM and the ministry, he informed. 'We are taking concrete steps to alleviate citizens' sufferings in the upcoming budget.'
Business Recorder
22-04-2025
- Business
- Business Recorder
SSGCL files plea for price increase
ISLAMABAD: The Sui Southern Gas Company Limited (SSGCL) filed an amended petition for raise in natural gas price for fiscal year 2024-25. The company filed a petition with the Oil and Gas Regulatory Authority (OGRA) on November 29, 2024 and submitted an amended petition on March 26, 2025, seeking the determination of its Estimated Revenue Requirement (ERR) for the financial year 2025-26 under Section 8(1) of the Oil and Gas Regulatory Authority Ordinance, 2002, and Rule 4(2) of the Natural Gas Tariff Rules. According to an OGRA spokesperson, the SSGCL has proposed an average prescribed gas price of Rs1,801.86 per MMBTU, compared to the previously approved rate of Rs1,762.51 per MMBTU for the FY 2024-25 Revised Estimated Revenue Requirement (RERR). Moreover, the SSGCL has also claimed previous year shortfall up to FY 2022-23 at Rs498,764 million (i.e., Rs2,335.63 per MMBTU). Additionally, the company has claimed a Re-Gasified Liquefied Natural Gas (RLNG) cost of service at Rs57.04 per MMBTU. The spokesperson further stated that OGRA will evaluate the petition and announce its decision after conducting a detailed review in accordance with regulatory procedures and standards of prudence. Copyright Business Recorder, 2025
