ISLAMABAD: There are two days left before the expiry of the deadline for the assurance given to the IMF regarding the increase in gas prices, but the Cabinet’s Economic Coordination Committee meeting could not decide on the summary of the increase in gas prices. ECC has decided to further consider the summary of gas prices, due to the increase, gas prices will increase for the third time in a year and the implementation of Ogra recommendations will put an additional burden on gas consumers of about 100 billion rupees. A meeting of the Economic Coordination Committee was held under the chairmanship of caretaker finance minister Dr. Shamshad Akhtar. After the approval of ECC, the approval of the prices will be taken from the Federal Cabinet, after which the OGRA will issue a notification. OGRA has approved an average increase of 35.13% in tariff for gas consumers of Punjab and Khyber Pakhtunkhwa, including Islamabad, and 8.57% for consumers of Sindh and Balochistan.

Source: The Patriot February 14, 2024 15:05 UTC