Govt decides to launch new gas tariff

Islamabad: The interim government has decided to launch a new gas tariff for the export industry on Monday.

According to sources, the government is likely to take back the decision related to fixing the gas tariff at Rs 2600 MMBtu for non-export industries

Sources said that an emergency meeting of ECC has been convened which will approve the new recommendations today.

A recommendation was sent to the committee to fix the gas tariff for the non-export industry at 2100 to 2200 MMBtu which will drop the hike from 1400 to 900, sources added.

Sources further said that currently, the gas tariff for the export industry is Rs 1100 per MMBtu, whereas the new gas tariff will be effective from November 1.

Earlier, the federal cabinet has postponed the increase in gas prices and instructed the concerned authorities to further mull over the decision on Monday.

The recommended increase in gas prices has been halted by the federal cabinet, which has also postponed the Economic Coordination Committee's (ECC) decision.

Interim Prime Minister Anwaarul Haq Kakar chaired the federal cabinet session today and took key decisions.

According to sources, several decisions taken by the ECC were not taken into consideration in today’s federal cabinet session.