The government increased the gas prices by fulfilling the conditions of the International Monetary Fund (IMF).
The government has increased the price of gas from 16.6% to 124%, the new price will be effective from January 1 to June 30, 2023.
The recent increase in government gas prices has been made for all sectors including domestic, commercial, power sector, fertilizer plants, cement industry, industrial and CNG.
The new gas rates will be applicable to consumers across Pakistan, except for domestic consumers consuming 50 cubic meters of gas per month.
According to the government announcement, the price has been increased by 16.6% for domestic consumers using 100 cubic meters of gas.
According to the announcement, the price of 100 cubic meters of gas has been increased from Rs 300 to Rs 350 mmbtu.
According to the government announcement, the price has been increased by 32% for domestic consumers consuming 200 cubic meters of gas.
According to the announcement, the price for the consumption of 200 cubic meters of gas for domestic consumers has been increased from Rs. 553 to Rs. 730 mmbtu.
In the Economic Coordination Committee (ECC) meeting presided over by Finance Minister Ishaq Dar, approval was given to raise the price of gas.