SNGPL Seeks Petroleum Division’s Assistance in Settling Rs. 84 Billion Payment to PSO
Sui Northern Gas Pipelines Limited (SNGPL) has urgently appealed to the Petroleum Division to help settle outstanding dues amounting to Rs. 84 billion owed to Pakistan State Oil (PSO) by May 31, 2024. This payment is critical for clearing RLNG supplies and equalizing gas rates with Sui Southern Gas Company (SSGC), according to a national daily.
SNGPL is under financial strain as it struggles to meet its RLNG and indigenous gas supply targets. Despite having already paid Rs. 41.5 billion to PSO, it still owes Rs. 84 billion.
The payment plan for PSO depends on receiving outstanding dues from various sectors, including the power sector, SSGC, RLNG diversion subsidy, fertilizer sector subsidy, and normal collections. All these receivables collectively amount to approximately Rs. 84 billion.
SNGPL has called on all stakeholders to fulfill their commitments promptly to avoid disrupting the RLNG supply chain and defaulting on PSO payments. The gas supplier has urged the Petroleum Division to facilitate the payment of the outstanding amount to clear all dues owed to PSO.
