Advertisement
Categories: News

Gas Prices to Surge as Government Bows to IMF

Advertisement

The Caretaker government has granted approval to increase gas prices, complying with the condition set by the International Monetary Fund (IMF).

The hike in prices will affect both protected and non-protected consumers, with captive power plants set to witness a surge in gas rates.

For non-protected consumers, an expected increase of 100 rupees per MMBTU (million British thermal units) is anticipated, while for protected consumers, the hike could reach up to 300 rupees per MMBTU.

Additionally, gas users might face a staggering increase of 900 rupees per MMBTU, whereas the CNG sector is expected to experience a rise of 170 rupees per MMBTU.

Moreover, fertilizer factories will also witness a moderate increase in gas rates.

The final approval for the price hike will be sought from the federal cabinet, and the new prices are expected to come into effect from February 1st.

Advertisement
Zubair Yaqoob

Zubair Yaqoob is a senior anchor, and an investigative journalist with an impressive 37 years of experience. Zubair's journalistic journey has been marked by a relentless pursuit of truth and a commitment to delivering impactful stories. Zubair's expertise extends beyond borders, reaching as far as Malaysia, where he has left an indelible mark on the international journalism landscape. His global perspective and keen analytical skills have allowed him to navigate diverse cultural landscapes, bringing a unique and enriching perspective to his reporting. Whether he's in the studio or on the field, Zubair continues to be a driving force in the world of journalism, bridging gaps, fostering understanding, and unraveling the stories that matter most. As the Headline PK Author, Zubair remains at the forefront of news, guiding audiences through the complexities of our ever-evolving world.

Recent Posts

Meta Cuts 8,000 Jobs as It Expands AI Efforts

Meta Announces Plans for Major Layoffs Amid AI Push Meta, the technology giant, has announced…

2 hours ago

Tourists Rescued from Cliff After Daring 3-Hour Rescue Operation in Australia

Tourists Trapped on Cliff During Tide Rise A group of seven, including three children, found…

3 hours ago

Israeli Strikes Persist in Gaza Amid Ceasefire, Death Toll Reaches 71K

Israeli attacks persist in Gaza despite ceasefire, raising death toll to over 71,000, with thousands…

3 hours ago

Trump Meets Lebanon, Israel Envoys for Peace Talks Amid Ceasefire Extension

US President Donald Trump is set to meet Lebanese and Israeli envoys for peace talks…

3 hours ago

Israel Prepares to Resume War Against Iran with US Approval

Israel's Defence Minister Israel Katz announced on Thursday that Israel is prepared to resume the…

4 hours ago

Naval Chief: Future Warfare Shaped in Indian Ocean Due to Trade Impact on Supply Chains & Energy Prices

Chief of Naval Staff Admiral Naveed Ashraf stated on Thursday that the future of warfare…

5 hours ago