Islamabad: Federal Cabinet Economic Coordination Committee (ECC) postponed gas price hike for further consultation Forgive Charges
The meeting, chaired by the Prime Minister's Advisor to the Finance Minister Dr. Abdul Hafeez Shaikh, discussed a 15% increase in gas prices and pointed out that a few changes are necessary to reduce the burden on local consumers under the Prime Minister's direction.
An official said that the surplus of gas for ordinary consumers would not be justified in the winter season from a political point of view.
It was also informed at the meeting that this week, the government made fertilizers Rs 5 per MMBTU or Rs 400 in response to rising prices of wheat in terms of gas infrastructure development cess (GIDC) at the price of natural gas. Reduced the price per sack.
Therefore, this increase in the price of gas in the fertilizer sector will again lead to an increase in the price of urea while the impact of gas prices offered by the petroleum division for the industrial sector also needs to be reviewed.
The Division told the Committee that they had already prepared a revised summary of these points and that the Export and Fertilizer sector needed further consultation with the Ministry of Commerce and Industry while the Ministry of Finance responded to the revised summary. Also needed.
It should be noted that in the last summary, the petroleum division has increased the rent of the meter from Rs 20 per month to Rs 80 for ordinary users, 5 per cent increase in gas prices for general consumers, 12 per cent increase for power plants and CN. Offered a 15% increase for G stations.
The division had also proposed that fertilizer plants should also be offered at fuel rechargeable liquefied natural gas (RLNG) prices, which is currently Rs.
Adjustments in gas prices are to raise additional revenue of Rs 35 billion for Sui Southern Gas Company Limited (SSGC) and Sui Northern Gas Pipelines Limited (SNGPL), which are required by the regulator. 274 billion 20 crore and Rs 282 billion 90 crores respectively.