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
