ECC to revise national gas sale pricing

By MG News | October 23, 2023 at 10:08 AM GMT+05:00

0:00

October 23, 2023 (MLN): The Economic Coordination Committee (ECC) of the Cabinet, in its meeting which is scheduled to be held today at 1700 hours, will discuss the revision of national gas sale pricing for FY 2023-24, effective from October 01, 2023.

The meeting’s other agenda includes the permission for the Import of 1.00 MMT of milling wheat for the year 2023-24 to maintain strategic reserves, a summary which will be tabled by the national food security and research division.

Moreover, the committee will also discuss the request for a technical supplementary grant of Rs484 million.

To note, the Petroleum Division of the Ministry of Energy last week formulated a gas tariff proposal of up to Rs2,900 per MMbtu for all consumer categories, subject to the ECC's approval.

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
PKR/mmbtu	Old Rate	New Rate	Change in %
Bulk	1,600	2,000	25%
Special Commercial (Roti Tandoor)	697	697	0%
Commercial	1,650	3,900	136%
Power
KE, SNPC, EPQL	1,050	1,050	0%
Liberty	2,406	3,890	62%
Fertilizer
Feed - Engro	200	200	0%
Feed - FFBQL	510	580	14%
Fuel	1,500	1,580	5%
Cement	1500	4400	193%
Export Industries
Process	1,100	2,050	86%
Captive	1,100	2,050	86%
Non-Export Industries
Process	1,200	2,600	117%
Captive	1,200	2,600	117%
CNG	1,805	4,400	144%

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