Overview
- Both Sui Northern (SNGPL) and Sui Southern (SSGC) filed Revised Estimated Revenue Requirement petitions asking OGRA to apply higher average prescribed prices retroactively from July 1, 2026.
- SSGC seeks roughly a Rs370 per MMBtu rise to about Rs2,071.75 while SNGPL seeks about a Rs10 increase to Rs1,712.40, with SNGPL explicitly including Rs60.147 billion of LNG service costs in its claim.
- OGRA will hold hearings on the petitions and any change to consumer tariffs will require a separate government notification after the regulator’s decision.
- The companies point to higher international crude and fuel costs, rupee-dollar exchange shifts, constrained LNG/RLNG deliveries and falling local gas output as drivers, and SNGPL estimates around 16 LNG cargoes will be needed for winter supplies.
- The sector faces large fiscal strain with gas-sector circular debt at Rs3.631 trillion by June 30, 2026, even though the filings reported surpluses in parts of the businesses, a gap that could pressure consumers and public finances if costs are approved.