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

Your Guide to Safe Rides and Deliveries with inDrive

Taking a ride or sending a package shouldn’t come with second guesses. That’s why inDrive,…

5 days ago

Irfan Junejo to Represent Pakistan as Begin Partners with LaLiga for Exclusive FC Barcelona Interviews

First-ever official representation from Pakistan at FC Barcelona’s base camp marks a new chapter in…

1 week ago

Dowry: A Deadly Tradition That Must End

A young bride from Gujranwala has become the latest victim of a cruel and deep-rooted…

2 weeks ago

Begin Secures Global Streaming Rights for Pakistan Idol

Begin, the UAE-based OTT platform, has acquired the global streaming rights for Pakistan Idol, one…

2 weeks ago

Remembering Shaheed Hakim Mohammed Said

Members of the Hamdard Shura Karachi chapter and young speakers of the Hamdard Naunehal Assembly…

3 weeks ago

Farhan Ghani Arrested Over Alleged Assault on Government Servent, FIR registered

Pakistan Peoples Party (PPP) local leader and Chanesar Town Chairman Farhan Ghani has been arrested…

2 months ago