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

Andrew Mountbatten Windsor Told to Leave No Trace at Royal Lodge Amid Scandal

Andrew Mountbatten Windsor, formerly known as the Duke of York, has been instructed to minimize…

22 minutes ago

‘Blue Bloods’ Actor Alex Duong Passes Away at 42 After Year-long Battle with Cancer

Alex Duong, renowned comedian and actor, died at 42 after battling cancer for a year.…

1 hour ago

Female Drug Addiction Grows in Silence Amid Rising Awareness

Female drug addiction remains a largely hidden crisis despite growing awareness of women's rights and…

1 hour ago

Taylor Swift Evades Ex John Mayer at Paul McCartney Concert in LA

Taylor Swift Attends Paul McCartney Concert On March 28, Taylor Swift attended a concert by…

2 hours ago

Princess Beatrice Leaves Andrew Mountbatten-Windsor Amid Allegations

Andrew Mountbatten-Windsor's public disgrace since Virginia Giuffre first accused him has escalated into legal troubles…

4 hours ago

Kanye West’s Bully Album Sparks Massive Streams in Under 24 Hours

Kanye West's latest album, Bully, has taken the music charts by storm. According to Spotify…

7 hours ago