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

AdStreet: Pakistan-Born First-Ever Advertising Marketplace Connecting Gulf Brands to South Asian Talent

The UAE and Gulf region are among the world’s most dynamic marketing hubs, home to…

11 minutes ago

Jennifer Aniston, Matt LeBlanc Star in Dunkin’ Ad for 2026 Super Bowl

Jennifer Aniston and Matt LeBlanc, former "Friends" co-stars, made a surprise appearance in a Dunkin'…

1 hour ago

Billions Damaged: US Military Assets Lost in Iran War

US Military Equipment Damage in War Against Iran The Wall Street Journal reports that billions…

1 hour ago

French Police Prevent Bomb Attack at Bank of America Paris Location

French police thwarted an apparent bomb attack outside a Bank of America building in Paris…

2 hours ago

Millions Protest Trump Amid ‘No Kings’ Movement in America

Massive protests against US President Donald Trump are set to occur this Saturday as millions…

2 hours ago

KP Governor Criticizes PTI Over Anti-State Remarks, Questions Force Formation

KP Governor Faisal Karim Kundi criticizes PTI over anti-state remarks. He questions formation of forces…

2 hours ago