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SSGC additionally seeks hike in fuel tariff

SSGC also seeks hike in gas tariff
The Sui Southern Fuel Firm (SSGC) has additionally submitted a petition to the Oil and Fuel Regulatory Authority (OGRA) searching for a hike within the fuel tariff.

The report says that the state-owned fuel firm has requested the regulator to hike the value of fuel by Rs58.42 per Million British Thermal Models (mmBtu) for the fiscal yr 2022.

The Sui Northern Fuel Pipeline (SNGPL) Firm had already submitted a evaluate petition for as much as a 157.5% improve (Rs907.75 per MMBTU) within the common prescribed fuel tariff for FY 2021-22.
SSGC desires the fuel tariff to extend as it’s presently dealing with a income shortfall. The corporate is pushing for the fuel tariff to be hiked by Rs58.42 per mmBtu for the following fiscal yr.

OGRA, alternatively, will maintain a public listening to on the petition in Karachi on December 06, 2021, a public discover issued by the regulatory physique acknowledged.

The present common worth of SSGC is round Rs779.88 per mmBtu whereas the present common prescribed worth is Rs838.30 per mmBtu. The corporate has additionally demanded an estimated RLNG value of service at Rs 30.48 per mmBtu for 2021-22.

In its petition to OGRA, the state-owned SSGC reported a income shortfall of Rs5,789 million or Rs18.16 per mmBtu for pure fuel customers and Rs18,680 million or Rs40.43 per mmBtu for RLNG customers. The Movement for evaluate (MFR) petition had been filed with OGRA on September 15, 2021.

Shortfall claimed in MFR and in step with the adjustments in the price of fuel, a shortfall of Rs18399 million or Rs58.42 per mmBtu for pure fuel customers and Rs30,817 million or Rs60.46 per mmBtu shortfall for RLNG customers has been labored out within the evaluate of estimated income necessities for FY21-22.

SSGC requested OGRA to approve a rise within the common prescribed worth of SSGC efficient from July 01, 2021 to compensate for the rise in the price of fuel on a direct foundation.

Within the petition, SSGC acknowledged that value of fuel estimates have been revised contemplating common crude oil and HSFO C&F costs of $67.51 per barrel and $393.95 per metric ton respectively.

The alternate fee parity has been taken at a mean of Rs172 per greenback the yr, contemplating the US forex would contact Rs180 by June 2022.