Oil and Gas Regulatory Authority (OGRA) Wednesday issued a notification of reducing the prices of imported Liquefied Natural Gas (LNG).

According to the 24News HD TV channel, the authority has reduced the LNG prices for the consecutive second time in two months.

As per the notification, the new price of LNG on the Sui Northern System has been set at $12.62 per MMBTU and on the Sui Southern System $12.37 per MMBTU.

The authority has reduced the LNG price of $3.05 per MMBTU on the Sui Northern System and $3.04 per MMBTU on the Sui Southern System.

In November, LNG was priced at $15.67 per MMBTU on the Sui Northern System and $15.42 per MMBTU on the Sui Southern System.