Oil and Gas Regulatory Authority (OGRA) has announced wellhead gas prices for all the fields raising the purchase prices in the range of 0.57 % to 9.49 %, effective from July2012. According to market sources here yesterday, the rise in the gas prices will improve profitability and share prices of PPL, OGDC and POL. KASB Research Senior Analyst Hussain Yasar said that highest increase of 9.49 percent was recorded in the wellhead price of Sui gas field, rising from Rs 195.50 per million British Thermal Unit (mmbtu) to Rs 214.06 per mmbtu, followed by Kandhkot field with 9.03 percent rise.
