ISLAMABAD: Deputy Prime Minister Senator Ishaq Dar, leading the task force on gas-related issues, has directed authorities to initiate plans to reduce margins, taxes, duties, and port charges on imported LNG by 50%, aiming to make re-gasified LNG (RLNG) more affordable for consumers.
Currently, the landed cost of LNG is $10 per mmBtu, but this rises to $14 per mmBtu once various additional costs are applied. Dar urged the Oil and Gas Regulatory Authority (Ogra) to work with the petroleum division to cut these charges from $4 to $2 per mmBtu, making RLNG more viable for the power and industrial sectors.
Port Qasim Authority’s high port charges, along with federal taxes like GST, customs duty, and excise duty, contribute to the inflated RLNG prices. Reducing these levies could help revive LNG consumption, ensuring competitive pricing for end users.
