LNG Price in Pakistan August 2024 today

The government has increased the average selling price of regasified liquefied natural gas (RLNG) for August 2024, increasing the price of this super-cooled import gas by about 3.2 percent. This will make electricity more expensive for millions of Pakistanis. RLNG is the second largest contributor to the country’s electricity generation after hydroelectric sources. An increase in RLNG prices increases the cost of energy, which subsequently increases the tariff for electricity consumers.

LNG Price in Pakistan Today

The regulator has increased the provisional RLNG price for customers of Sui Northern Gas Pipelines Ltd by $0.4338 per MMBtu or 2.97%. For customers of Sui Southern Gas Company, it has increased by $0.4206 per MMBtu or 3.2% compared to July 2024. After this increase, the weighted average selling price for SNGPL customers has been fixed at $14.01 per MMBtu while SSGC customers will be charged $13.577 per MMBtu.

LNG Per Kg Price in Pakistan

the price of NNG for Sui Southern has been increased by 9 cents per MMBtu, after which the new LNG price for Sui Southern has been fixed at $13.05 per MMBtu.

RLNG prices for Sui Southern Gas Co. increased by 31 cents per MMBtu. RLNG prices for Sui Southern increased by 1.41 cents per MMBtu. In the notification, the price of RLNG for Sui Northern is set at 14.81 cents per MMBtu, while the price of RLNG for Sui Southern will be $15.45 per MMBtu.

OGRA has announced new prices for December. In November, the price of RLNG for Soi Northern was $13.49 per mmBtu, while the price for Soi Southern was $14.3 cents per mmBtu.

LNG price in Pakistan today

Consumers using 90 cubic meters of gas during November to February (winter) are protected and consumers using more than 90 cubic meters of gas during the same period are unprotected. As per Ogra’s notification, protected users will have to pay a fixed charge of Rs 50 while non-protected users will have to pay a fixed charge of Rs 460.

If the consumption of gas exceeds 90 cubic meters in any month from November to February, it will be considered unprotected. The rate of sales tax on gas has also been increased to 18% from February 15.

The difference between January and February of the gas price increase by Ogra will be charged in installments in the bills from March to May. The new tariff proposed by SNGPL is likely to have a significant impact on consumers across Pakistan.

The increase in natural gas prices can lead to higher production costs, increased inflation, and a burden on households with low incomes. However, there are possible solutions that consumers can explore to mitigate the impact of the new tariff.

Fahad Munir

Fahad Munir is a seasoned journalist and editor at Awam PK, specializing in sharing accurate and timely news, job updates, and educational information to the Pakistani audience.