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ISLAMABAD: In a rare development, the Oil & Gas Regulatory Authority (Ogra) on Tuesday retracted a notification it issued a day earlier that increased the prices of regasified liquefied natural gas (RLNG) by more than 5.5 per cent for the current month on the basis of an expensive $20.055 per mmBtu cargo. “As informed by PSO (Pakistan State Oil) that they have scrapped the cargo with offered price of 27.87pc of Brent, RLNG price notified on 2nd August is no more valid and August RLNG price notification is being withdrawn,” said a revised notification issued by the regulator. Informed sources said the regulator had to withdraw the notification under pressure from the Ministry of Energy which came under public criticism for acquiring expensive LNG import cargo amid mismanagement of various fuels as power consumers faced the brunt of loadshedding in humid weather conditions despite purported surplus generation capacity.

Public procurement regulatory authorityOil gas regulatory authority ogra onQatar petroleumPakistan state oilMinistry of energyGas regulatory authorityMinister hammad azharபொது ப்ரொக்யூர்மெஂட் ஒழுங்குமுறை அதிகாரம்எண்ணெய் வாயு ஒழுங்குமுறை அதிகாரம் ஒக்ரா ஆன்கத்தார் பெட்ரோலியம்பாக்கிஸ்தான் நிலை எண்ணெய்அமைச்சகம் ஆஃப் ஆற்றல்வாயு ஒழுங்குமுறை அதிகாரம்அமைச்சர் ஹம்மட் அஜார்