Pakistan, May 13 -- The Oil and Gas Regulatory Authority (OGRA) has reduced the prices of Liquefied Natural Gas (LNG) for May by up to 13.64%. This major price cut comes as a relief to domestic users and industries that depend on imported gas for daily operations. The decrease is part of OGRA's monthly price review based on global trends.

In its latest notification, OGRA said LNG for the Sui Northern Gas network has become cheaper by $1.69 per MMBTU. For the Sui Southern network, the price dropped by $1.72 per MMBTU. These changes follow a continued drop in international LNG prices and favorable shipping conditions.

The revised prices show that LNG on the Sui Northern system now costs $11.79 per MMBTU. For the Sui Southern system, the n...