ISLAMABAD: Sui Southern Gas Company Limited (SSGC) has demanded an increase of Rs 78.95 per MMBTU for the financial year 2020-21 which is Rs 822.25 per MMBTU while OGRA’s Will be held Hearing yesterday (Monday) amidst strong opposition from other stakeholders, especially APTMA Sindh and Balochistan Chapter.
Sui Southern Gas Company Limited (SSGCL) has sought revision of proposed gas rates under its Projected Revenue Requirement Requirement (RERR) for 2020-21, which includes Rs 28.242 billion. Decreased income. It also covers the losses incurred in the RLNG business given the fact that the RLNG business is being fenced off and should not be part of the petition and more importantly the Rs. LNG is a petroleum product, not a gas.
In the application, the gas company shows that it is facing a shortfall of Rs 22.741 billion in natural gas business and Rs 5.241 billion in RLNG business. The company also wants to add Rs 9.4 billion each as UFG (unaccounted for gas) to each consumer to deal with losses in their distribution of RLNG and natural gas. Due to non-payment of gas development surcharge, the gas company is also facing a deficit of Rs 50.983 billion which is receivable till the financial year 2017-18. It wants a return of 17.43 per cent (Rs 7.079 billion) for natural gas and Rs 5.2 billion for imported gas (RLNG) nest assets.
According to the presentation prepared by APTMA, in response to this request, it has decided to give the applicant a hard time and stated that the UFG adjustment per MMBTU (52.85) has been kept. Can go In the review application, UFG has been merged with RLNG, which is against the concept of color fencing.
The APTMA will also oppose the inclusion of GDS (Gas Development Surcharge) in the tariff demand by the petitioner (Sui Southern) and will make it part of the argument that the government is not for GDS consumers. Acceptable by Pakistan. It will also argue that there is no GDS of Rs 142 per MMBTU. Therefore, GDS should be set aside and not included in the revenue requirement.
In NetShell, APTMA will oppose a request for an increase of Rs 78.95 per MMBTU in gas price, pleading that sales revenue should not be reduced and operating costs should not be increased. Should In addition, GDS adjustments to tariffs should not be allowed.