Regassified Liquefied Natural Gas (RLNG) prices for February 2024 witnessed a significant reduction, with a cut of 8.7 per cent and 9 per cent for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC), respectively, as indicated by the recent notification from the Oil and Gas Regulatory Authority (OGRA) on Thursday.

According to the updated rates for February, SNGPL will now charge $11.55/MMBtu and $12.49/MMBtu for distribution and transmission, respectively.

Comparing these figures to the January 2023 prices, there is an overall decrease of $1.1/MMBtu for SNGPL transmission and $1.2/MMBtu for transmission.

Similarly, SSGC’s new prices for February are set at $11.13/MMBtu for transmission and $12.96/MMBtu for distribution. In contrast to the previous month, this represents a decline of $1.1/MMBtu for transmission and $1.29/MMBtu for distribution.

The decision to lower prices aligns with the federal government’s policy guidelines, reflecting efforts to provide relief and stability in the energy sector.