Advertisement
Categories: BusinessNews

Government Plans Further Increase in Gas Prices

Advertisement

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

According to sources, proposals are being considered to raise electricity bills by Rs100 to Rs400 for both protected and non-protected consumers.

In a plan shared with the IMF mission, the government suggested not increasing gas prices for commercial roti tandoors. The IMF mission’s economic team held discussions on tariffs, circular debt, and gas sector reforms. Sources revealed that three plans were presented to the IMF mission to address the circular debt of the gas sector.

Additionally, proposals were made to increase gas prices for fertilizer plants. Discussions also included a dividend scheme aimed at reducing the gas sector’s circular debt. An agreement was reached to ensure timely sharing of data related to recoveries, reforms, and tariffs with the IMF.

Advertisement
News Desk

Recent Posts

No injuries after explosion near U.S. Embassy in Oslo

Norwegian authorities reported an explosion near the U.S. Embassy in Oslo early Sunday morning, but…

23 minutes ago

Punjab Approves Underground Water Storage Tanks in Urban Areas

Punjab Chief Minister Maryam Nawaz has given the green light to launch a groundbreaking project…

32 minutes ago

Liza Colón-Zayas fuels Zendaya, Tom Holland marriage rumors

Liza Colón-Zayas’s Instagram Stories post has reignited public speculation about whether Zendaya and Tom Holland…

41 minutes ago

Petroleum Prices Increase Amidst Government Hike and International Fluctuations

Recent hikes in petrol and high-speed diesel (HSD) prices by the government have led to…

47 minutes ago

Trump Says Deadly Strike in Iran Was Likely Done by Iran

President Trump on Saturday suggested without evidence that a deadly strike targeting a girls' primary…

2 hours ago

Saudi Arabia warns Iran of potential retaliation over continued attacks

Saudi Arabia Warns of Retaliation Against Iran, Despite Preference for Diplomacy In a stark shift…

3 hours ago