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gas price

ECC consents hike in gas tariff, curtails import tax on LPG

ISLAMABAD: The Economic Coordination Committee (ECC) on Monday approved the hike in gas tariff while reducing the import tax on Liquefied Petroleum Gas (LPG). The key decisions were taken at the meeting of the committee chaired by Finance Minister Asad Umar. Minister was of the opinion that the approved increase in gas tariff has been made while keeping in view the notion of burdening the poor consumers as less as possible, henceforth, a larger increase in tariffs was placed on higher tariff slabs, he claimed.…

ECC decides against immediate gas price upswing: Fawad Chaudhry

ISLAMABAD: Information Minister Fawad Chaudhry announced on Monday that the government has decided to keep the gas price unchanged and apprised that the move of augmenting the price has been postponed for now. Fawad Chaudhry was briefing media after the conclusion of Economic Coordination Committee (ECC) meeting chaired by Finance Minister Asad Umer in Islamabad on Monday (today). Chaudhry informed that gas price was deliberated during the meeting and the committee chose to make no revisions in the gas price currently.…

Turkey hikes gas, power prices by 14pc as lira crisis deepens

ANKARA: Turkey raised natural gas prices on Saturday by as much as 14 per cent, two sources said, while the energy regulator announced a similar increase in electricity costs as a deepening currency crisis stokes inflation. The lira has fallen 42pc against the dollar this year, hit by concerns about President Tayyip Erdogan’s grip on monetary policy and a worsening rift with the United States over a detained American Christian pastor. The sell-off has increased the cost of food and petrol and raised fears about the…

Gas price to remain unchanged: ECC

ISLAMABAD: The Economic Coordination Committee (ECC) under the chairmanship of finance minister Asad Umer decided on Wednesday that gas prices will remain unchanged for now. Finance Minister Asad Umar chaired the first ECC meeting of the government. During the meeting, it was told that the circular debt has soared to Rs596 billion while the gross circular debt on energy resources has reached Rs1,188 billion. "Just last month, the circular debt increased by Rs30 billion," the committee was further informed. Moreover,…

CNG stations owners increase gas price by Rs2/kg

KARACHI: Owners of CNG filling stations have independently increased CNG prices by Rs2 per kg across Pakistan, ARY News reported. The CNG owners have took undue advantage of the deregulation of CNG sector by the government. This is the second time CNG price is being increased in one month. Around 70 percent of CNG stations have reportedly started selling CNG at Rs73 per kg without the consent of All Pakistan CNG Owners Association. On the other hand, Chairman All Pakistan CNG Owners Association said the association…