October 17, 2023 (MLN): The country is bracing itself for an impending surge in gas prices, with the government set to increase prices by up to 2.93x on the back of a surging circular debt.
The Economic Coordination Committee (ECC) of the Cabinet will meet and approve the hike in gas prices, wherein it is set to increase prices for bulk by 25%, commercial by 2.36x, export industry by 86%, non-export industry by 2.17x, CNG by 2.44x, and cement by 2.93x.
These prices will be applicable from October 10, 2023.
To note, there will be no change in gas prices for the protective category of domestic consumers, while non-protected domestic consumers will be hit by up to 2.73x hike.
Proposed Gas Sales Prices
PKR/mmbtu
Old Rate
New Rate
Change in %
Domestic (Residential) Sector
Protected
Up to 0.25 hm3/month
121
121
0%
Up to 0.5 hm3/month
150
150
0%
Up to 0.6 hm3/month
200
200
0%
Up to 0.9 hm3/month
250
250
0%
Non-Protected
Up to 0.25 hm3/month
200
300
50%
Up to 0.6 hm3/month
300
600
100%
Up to 1 hm3/month
400
1,000
150%
Up to 1.5 hm3/month
600
1,200
100%
Up to 2 hm3/month
800
1,600
100%
Up to 3 hm3/month
1,100
3,000
173%
Up to 4 hm3/month
2,000
3,500
75%
Above 4 hm3/month
3,100
4,000
29%
Revised Gas Sales Prices for other categories of Consumers
