Pakistan
Govt to jack up gas prices by over 100%
If the price of Sui gas is not increased, there will be a shortfall of Rs185 billion.
![Govt to jack up gas prices by over 100%](/media/83074/conversions/14-4-1280x720.webp)
Islamabad: The government has decided to increase gas prices before winter by more than 100 percent, reportedly.
According to the media reports, the Ministry of Finance has stated that there is a fear of an increase of Rs46 billion in the revolving credit of the gas sector during the current financial year.
It has also been reported that from July to September, the loss of gas companies has increased by 46 billion rupees and the revolving debt of the gas sector has reached 2700 billion rupees.
The government has been decided to increase the price of gas by more than 100% before the economic review because by not increasing the price of Sui gas, there will be a shortfall of Rs185 billion and by not increasing the prices of Regasified Liquefied Natural Gas (RLNG) for domestic consumers, there will be a shortfall of Rs21 billion.
In view of the increase in gas prices, a summary has been prepared for the Economic Coordination Committee (ECC) which will be presented in the upcoming ECC meeting.
-
Business 2 days ago
Gold price surges by Rs1,100 per tola in interbank
-
World 2 days ago
Vision 2023: Saudi Arabia approves granting citizenship to global experts
-
Pakistan 2 days ago
Ice melts as PTI founder announce to participate in APC
-
World 2 days ago
Starmer to be UK's new PM as Labour win massive majority
-
Pakistan 18 hours ago
Miftah Ismail, Shahid Khaqan launch new party 'Awaam Pakistan'
-
Crime 2 days ago
Mardan bomb blast leaves three dead, seven injured: police
-
Pakistan 2 hours ago
SJC moved against IHC Justice Sattar โfor allegedly obtaining official residence of his choice โ
-
Pakistan 1 day ago
PTI postpones public meeting in Islamabad after NOC controversy