OGRA reserves decision on SSGC demand of Rs51.58 raise in gas tariff

KARACHI: Chairman Oil and Gas Regulatory Authority Saeed Ahmed Khan said on Tuesday that the existing consumers of natural gas must be taken care of as being the primary responsibility of the gas companies.

Flanked by Vice Chairman Sabir Hussain and Member (Gas) Amir Nasim, Khan made these observations while chairing a public hearing on the petition of Sui Southern Gas Company (SSGCL). Demanding Rs 51.58 per MMBTU increase in the sale price, the state-owned gas utility had filed petition of expected revenue requirement during the financial year 2014-15.

During the course of hearing, the observation came from the Chairman in response to the argument by the SSGC’s legal counsel that the general public interest must also be secured as against consumer protection.

Although OGRA had received a couple of applications for interventions but no intervener appeared before the Authority even after the completion of public hearing here at a local hotel. From SSGC Managing Director Zuhair Siddiqui, Deputy Managing Director Yousaf Ansari, and Legal Counsel Mehmood Mirza presented their case before the Authority.

OGRA conducted the public hearing in the case of Sui Southern Gas Company Limited (the Petitioner) that had filed a petition before the Authority under Section 8 (1) of the Oil and Gas Regulatory Authority Ordinance, 2002, read with Rule 4 (2) of the Natural Gas Tariff Rules, 2002, on January 03, 2014, for determination of its estimated revenue requirements / prescribed prices for FY 2014-15.

OGRA will conduct another hearing on Wednesday at Movenpick on the petition of OGDCL pertaining supply of gas from Rati Moro Field to Engro.

The post OGRA reserves decision on SSGC demand of Rs51.58 raise in gas tariff appeared first on Pakistan Press International.

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