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Islamabad: The Oil and Gas Regulatory Authority (OGRA) has announced a significant increase in the Estimated Revenue Requirement for the Sui Southern Gas Company Limited (SSGCL) and Sui Northern Gas Pipelines Limited (SNGPL) for the fiscal year 2025-26. This decision, dated November 24, 2025, includes a hike of PkR113 per mmbtu for SSGC and PkR133 per mmbtu for SNGP.
In a move to address the gas circular debt, OGRA has allocated approximately PkR61 billion towards prior-year shortfalls in the final revenue requirement for FY26. This allocation includes PkR13.5 billion (PkR48.7 per mmbtu) for SNGPL and PkR47.3 billion (PkR227 per mmbtu) for SSGC.
The Return on Operating Assets (ROA) also saw an increase for both companies. SNGP’s ROA rose by 2.2% year-on-year to PkR37.6 billion, while SSGC experienced a 13.9% rise to PkR22.8 billion. This growth is attributed to an increase in assets, with the ROA remaining constant at 21.25%.
The Unaccounted for Gas (UFG) benchmarks have been adjusted for FY26. For SNGPL, the indigenous UFG for the combined transmission and distribution system is set at 7.78%, with RLNG UFG at 2.02%, marking reductions from the previous year’s figures. SNGPL’s actual UFG was reported at 4.93% for FY25. Conversely, OGRA set SSGC’s indigenous UFG at 12.87% for FY26, a slight increase from last year’s benchmark, while the actual UFG was 11.13% for FY25.
The final decision on the increase in category-wise sale prices will be determined by the Federal Government.