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Sui Southern demanded increase in gas price

Sui Southern Gas has sought a Rs 226 per MMBtu hike in price from July 1, as sources have reported.

According to OGRA sources, Sui Southern has sought an enhancement in the rate of supply of gas lately. It has been given the revenue requirements of the current financial year. A lot of work remains to be done in the subsidiary. Companies and associate undertakings that have contributed the bulk of the growth. It may be reflected in the following years’ revenue requirements.

The sources suggested that Sui Southern would be able to generate Rs 120 billion only, causing Rs 47 billion 77 crore revenue deficiency for the current financial year. As for Balochistan, the problem of a revenue gap is calculated to be $ 95 40 rupees per MMBtu.

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