Ogra notifies 15.3pc increase in RLNG price for October

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Friday notified an increase of up to 15.3 per cent in the price of Regasified Liquefied Natural Gas (RLNG) for sales at the distribution stage by the two Sui gas companies for October, mainly due to higher crude prices. The increase has come after a 20pc price reduction for September. This is expected to have a significant impact on fuel cost for power generation in December. The RLNG-based power generation cost in September amounted to Rs40 per unit based on the average RLNG import price of $10.06 per million British thermal unit…