Islamabad, The Oil and Gas Regulatory Authority (OGRA) has officially announced the determination of new prices for Re-gasified Liquefied Natural Gas (RLNG) for Sui companies, effective from December 1, 2023. This decision comes as part of OGRA’s adherence to the Policy Guidelines issued by the Federal Government.

According to Oil and Gas Regulatory Authority, the revision in RLNG prices has been primarily attributed to the increase in DES (Delivered Ex-Ship) prices. This adjustment reflects the dynamic nature of global energy markets and their impact on domestic energy pricing structures.

The detailed RLNG price notification for the month of December 2023 is available on OGRA’s official website, providing stakeholders and the general public with access to the updated pricing information. This transparency ensures that all parties are informed about the latest adjustments and can plan accordingly.

The determination of RLNG prices by OGRA is a critical component in managing Pakistan’s energy needs, especially considering the country’s dependence on imported LNG to meet its growing energy demands. The regulatory body’s role in monitoring and adjusting prices is vital in ensuring a balanced approach between market realities and consumer interests.