Govt increases gas prices by 10% for commercial users

According to structural reference points set by the International Monetary Fund (IMF), the Council of Financial Coordination Committee (ECC) approved a new gas pricing framework on Friday, including the average increase in invoices of 10 % for bulk and industrial users.

Meanwhile, in order to protect domestic users from the additional burden, the ECC has decided to maintain existing gas prices for households, while also allowing an upward revision of stable domestic burden on the recovery of assets.

Chaired by Finance Minister Muhammad Aurangzeb, the ECC also approved a summary transferred by the oil department for a revised pricing structure that will enter into force on July 1, 2025, according to the financial year 2025-26.

In the context of the new framework, the government will alert the revised prices of consumer gas within 40 days of the determination of the Ogra Regulatory Authority (OGRA), as required by the OGRA decree.

Read more: Ogra Greenlights Increase in Natural Gas Price

The pricing mechanism aims to ensure the recovery of costs, compliance with the regulatory parties and fulfilling IMF commitments, including rationalizing prisoner invoices and replacing intersecting raids with targeted support for low -income consumers.

In other decisions, the ECC has approved at the beginning of a risk coverage system for small farmers and non -serving areas, which will begin on August 14th.

A total of 300 billion Rs in new agricultural lending will be disbursed over the next three years. RS37.5 billion will be required to cover the risks and administrative expenses of banks.

I also read: Two -digit loose fuel inflation

The ECC also approved the technical grant of the RS15,839 billion (TSG) for the Ministry of Defense to cover the costs associated with employees and non -launched. The distribution covers the fees in the Prime Minister’s package for the families of witnesses from the recent Pakistan-India conflict.

In addition, the Commission examined a proposal by the Ministry of National Food Security and research to import sugar to stabilize domestic prices.

The meeting was attended by Minister Power Sardar Awais Leghari, oil minister Ali Pervaiz Malik, and Prime Minister’s Special Assistant for Industries and Haroon Akhtar Khan, including senior officials.