The Oil and Gas Regulatory Authority has increased liquefied natural gas (LNG) prices by up to 28 percent for May and issued a new price notification for consumers on the Sui Northern and Sui Southern gas networks.
According to the notification, LNG prices on the Sui Southern Gas Company system were increased by $3.51 per mmBTU.
Following the increase, the new LNG price for the Sui Southern system has been fixed at $16.04 per mmBTU.
The regulator also raised LNG prices on the Sui Northern Gas Pipelines Limited system by $3.40 per mmBTU.
Under the revised rates, the new LNG price for Sui Northern consumers has been set at $16.98 per mmBTU.
The revised prices will be applicable for the month of May, according to the OGRA notification.