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Govt to surcharge gas consumers to recover RNLG cost

12:22 PM | 15 Oct, 2020
Govt to surcharge gas consumers to recover RNLG cost

ISLAMABAD – Special Assistant to Prime Minister on Petroleum Nadeem Babar speaking at a press conference on Wednesday indicated on imposing an extra amount to recover the cost of Re-gasified liquefied natural gas (RLNG).

Economic Coordination Committee’s (ECC) approval would be sought for a price mechanism and later it would be sent to the federal cabinet for approval.

Former premier and minister for petroleum Shahid Khaqqan Abbasi introduced the RNLG under petroleum product in 2016 and they will move parliament to amend it as gas again, Babar added.

Addressing the gas shortfall in Karachi he said the Sindh government had not informed the Centre about the decision taken in a cabinet meeting on the right of way for laying a 17km gas pipeline from Parkland to the Sui Southern Gas Company (SSGC) network. “Work is done on 12 km of the proposed pipeline while another 5km is done after the right of way approval” he added.

Babar said, Amid 1,200 million cubic feet of gas usage per day in Sindh, 900 mmcfd was utilised alone by Karachi.

In case the provincial government allowed the laying of the pipeline, the federal government would complete it by the third week of December to bridge the gas shortfall by pumping additional RLNG.

Sindh produced 970 mmcfd from its own production while a shortfall of 70 mmcfd would be met through RLNG.

Babar pointed out that the cost of North-South Gas Pipeline had been revised upwards by changing its route and diameter. Pipeline on the new route between Karachi and Lahore will be around 1,700 km long. Its transmission capacity was also enhanced from 1 to 1.6 billion cubic feet (bcf), he said.

The current capacity for gas supply will be 2 bcf which can increase up to 3 bcf in the next 10 years.

Babar said, “The government is compelled to show progress on the proposed pipeline till February 2021 in line with a directive of the Supreme Court in the gas infrastructure development cess case,”.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 17 April 2024

Pakistani currency saw minor adjustment against global currencies on April 17, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293.15 for buying and 296.1 for selling while British Pound stands at 344.25 for buying, and 347.6 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 17 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.4
Euro EUR 293.15 296.1
UK Pound Sterling GBP 344.25 347.6
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 911.26
Malaysian Ringgit MYR 58.24 58.84
New Zealand Dollar NZD 164.75 166.75
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.07
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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