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Gas Prices

Equal gas prices implemented in all provinces: Sarwar

LAHORE: Punjab Governor Chaudhry Muhammad Sarwar has said the disparity in gas prices between the provinces was the biggest issue but it has now been resolved by implementing uniform price across the country. He was talking to the business community during his visit to the Lahore Chamber of Commerce & Industry (LCCI), where LCCI Senior Vice President Khawaja Khawar Rasheed, Vice President Zeshan Khalil, Tariq Hameed, Mian Misbah-ur-Rehman, Almas Hyder, Khawaja Shahzad Nasir, Fahim-ur-Rehman Saigol and Executive…

ECC defers increase in power tariff

ISLAMABAD: An Economic Coordination Committee (ECC) meeting chaired by Finance Minister Asad Umar on Tuesday decided to defer the announcement of increase in electricity tariff, ARY News reported. According to details, the committee decided to postpone the announcement till its next meeting and directed power companies to ensure 100 per cent collection of electricity bills to minimise the losses The committee also directed National Electric Power Regulatory Authority and Power Division to prepare a comprehensive plan…

Increase in gas tariff not to hit middle class, says petroleum minister

ISLAMABAD: Petroleum Minister Chaudhry Ghulam Sarwar on Monday said that the government's decision to increase gas prices will not hit the common consumer as portrayed in a section of media, ARY News reported. Addressing media in the federal capital after an Economic Coordination Committee (ECC) meeting which approved hike in gas tariff, the minister explained that the government had divided consumers into three categories and domestic consumers will not be hit hard by the hike. "The consumers were previously divided…

No decision taken to increase gas, electricity tariff: Asad Umar

ISLAMABAD: Finance Minister Asad Umar on Friday said that the government will provide all possible cooperation to the textile industry for increasing exports, ARY News reported. Talking to a delegation of All Pakistan Textile Mills Association led by Aamir Fayyaz Sheikh in Islamabad, the minister said that the news relating to increase in gas and electricity tariff has been misreported in the media as no such decision has been taken so far. The delegation congratulated the finance minister on assuming charge of the…

PM gives the go-ahead for increase in gas prices

ISLAMABAD: Prime Minister Imran Khan approved on Tuesday increase in gas prices up to 46 per cent as proposed by the Oil and Gas Regulatory Authority (Ogra). The premier made the decision during a briefing on gas sector. Mr. Khan also ordered steps to control annual gas theft of Rs50 billion. After the PM approval, the summary for the gas prices increase will be presented to the next meeting of the Economic Coordination Committee (ECC) of the Cabinet. During the briefing, the PM was informed that there is no other way…

Govt withdraws decision of reducing gas price for industries

ISLAMABAD: Federal government has decided to take back its decision of reducing gas prices for the industrial sector, ARY News reports on Friday. It is pertinent to mention that the government had last month announced 33 percent reduction in gas prices for industries. According to the government sources, Punjab industries are facing problems due to the difference in prices of Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) systems. The decision of the reduction was withdrawn by…

No hike in gas tariffs, says petroleum minister

ISLAMABAD: Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that the federal government will not increase gas prices, ARY News reported on Wednesday. Talking to media Abbasi said that Prime Minister Nawaz Sharif has rejected Oil and Gas Regulatory Authority's (OGRA) summary recommending hike in gas tariffs. The minister said that there is a 40 percent shortfall in demand and supply of gas in Punjab. Abbasi had earlier said that the government has decided not to hike gas tariff for…

No hike in gas tariff in next six months, says petroleum minister

ISLAMABAD: Federal Petroleum and Natural Resources Minister Shahid Khaqan Abbasi has said that the government has decided not to hike gas tariff for the next six months, ARY News reported. Oil and Gas Regulatory Authority (OGRA) had suggested the government to increase gas prices by 14 percent. The regulatory authority had stated that the rates should be hiked as Sui Northern Gas Company (SNGC) & Sui Southern Gas Company (SSGC) are facing financial problems. Abbasi said that the federal government has rejected the…