LNG diversion leads to gas price hike.

Sui Northern Gas Pipelines Limited (SNGPL) has stated that the increase in gas prices is due to the depletion of domestic gas resources, which has led to the diversion of re-gasified liquefied natural gas (RLNG) to domestic consumers. The cost of RLNG is higher than the average sale price for the domestic sector, resulting in a price increase to recover the cost of RLNG diversion. The cost of indigenous gas has also increased due to the devaluation of the Pakistani rupee and the contracts being in US dollars. Despite the increase, the average rate for protected domestic consumers is still lower than the cost price. A subsidy is projected to be provided to domestic consumers, and the gas business is regulated by the Ogra Ordinance, 2002. [Extracted from the article]