Claims increa­sing gas rates was never a demand of IMFLAHORE: There is no need to increase gas prices further as recent hike is enough for gas companies to meet their operational expenditures, said Adviser to Prime Minister on Petroleum Nadeem Babar. “Imported gas is linked with global price fluctuations so any hike in future LNG prices may affect local gas prices too,” he said. ECC okays 190% hike in gas prices“It only asked us to provide details of the cost and how to recover that cost as circular debt in both gas companies accumulated to Rs168 billion as of June 2018,” he said. He was of the view that it was necessary for Pakistan to increase its gas resources to keep prices in control. Gas consumers to face up to 200% price hikeHe claimed that the government succeeded in reducing unaccounted for gas (UFG) losses for industrial sector within Sui Northern Gas Pipelines Limited (SNGPL) network to 1.5%.

Source: The Express Tribune July 06, 2019 04:07 UTC