Aaj English TV

Tuesday, June 18, 2024  
11 Dhul-Hijjah 1445  

Govt gears up for another increase in gas prices

Authorities tell IMF they do not want to increase tariff for tandoors
The image of people trying to cook during gas load shedding. Photo via Facebook/@SSGC.
The image of people trying to cook during gas load shedding. Photo via Facebook/@SSGC.

The government is gearing to up to further increase prices for domestic consumers, fertilizer, CNG, and cement manufacturers.

According to sources, proposals are under consideration to increase electricity bills by Rs100 to Rs400 rupees for both protected and non-protected consumers.

However, in a plan shared with the IMF mission the govt has suggested not to increase gas prices for the commercial roti tandoors.

The economic team of the IMF mission held negotiations on tariffs, circular debt, and reforms for the gas sector. Sources say that three plans were shared with the IMF mission to reduce the circular debt of the gas sector.

Sources also indicate that the IMF mission was given proposals to increase gas prices for fertilizer plants as well. Discussions were also held on a dividend scheme to reduce the circular debt of the gas sector.

There was an agreement to share data related to recoveries, reforms, and tariffs with the IMF timely.

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Pakistan

Prices

gas supply