ECC elevates industrial gas use, lowers captive power priority

MG News | September 12, 2024 at 10:26 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 12, 2024 (MLN): The Economic Coordination Committee (ECC) approved an amendment to the existing gas allocation priorities in its meeting yesterday, as per which, gas use for industrial processes has been elevated to the highest priority, alongside domestic and commercial sectors.

Meanwhile, gas use for industries relying on captive power has been downgraded, placing it in a lower priority tier along with the Compressed Natural Gas (CNG) sector.

This measure would facilitate the industry using gas in it's processes, as they would be included in the top priority category.

To note, the summary of the aforementioned agenda was provided by the Ministry of Energy (Petroleum Division), as stated in the press release.

Federal minister for finance and revenue senator Muhammad Aurangzeb also chaired the meeting of the committee along with other government officials.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,884.59 165.82M	1.09% 1841.39
ALLSHR	103,297.23 574.85M	1.03% 1052.60
KSE30	50,883.00 85.37M	1.16% 585.22
KMI30	243,139.25 70.59M	1.05% 2522.69
KMIALLSHR	66,979.22 287.59M	0.99% 655.18
BKTi	47,642.11 15.25M	1.66% 776.54
OGTi	35,136.50 9.94M	0.68% 237.09

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,100.00	81,800.00 81,000.00	-230.00 -0.28%
BRENT CRUDE	103.37	105.00 101.92	-1.45 -1.38%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	5.00 4.00%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	-0.15 -0.11%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	95.47	98.01 94.83	-1.76 -1.81%
SUGAR #11 WORLD	18.28	18.51 18.21	-0.04 -0.22%