By May 31, 2024, Sui Northern Gas Pipelines Limited (SNGPL) had made a desperate request to the Petroleum Division, asking for assistance in paying Pakistan State Oil’s (PSO) outstanding debt of Rs. 84 billion.
According to a national daily, this payment is essential for clearing RLNG supply and balancing petrol pricing with SSGC.
Meeting the objectives for RLNG and indigenous gas supply will be difficult financially for SNGPL since it has paid PSO Rs. 41.5 billion but still owes them Rs. 84 billion.
The payment of unpaid debts from the electricity industry, SSGC, RLNG diversion subsidy, fertiliser industry subsidy, and regular collections is the foundation of the PSO payment plan. The total value of these receivables is around 84 billion rupees.
In order to prevent upsetting the RLNG supply chain and missing PSO payments, SNGPL has made a request to all parties involved to immediately complete their commitments. In order to pay PSO in full, the gas supplier has asked the Petroleum Division to make it easier for the remaining sum to be paid.
