Gas prices to remain unchanged for six months in Pakistan

Improved gas supply to domestic consumers continues nationwide, with no local gas field closed and power plants taking gas in excess
This representational image shows blue flames burning on a gas stove. — AFP/File
This representational image shows blue flames burning on a gas stove. — AFP/File

The federal government on Tuesday announced decided to maintain the gas tariff for the next six months with an aim at providing relief to consumers. 

Federal Minister for Petroleum Ali Pervaiz Malik, while chairing a briefing, said that the decision is made in line with the direction of Prime Minister Shehbaz Sharif. The Oil and Gas Regulatory Authority (OGRA) had raised the liquefied petroleum gas (LPG) price by Rs10.68 per kg earlier this month, bringing the rate to Rs219.67 per kg.

Highlighting the government’s economic achievements, the minister said the increase in circular debt in the gas sector has stopped.

He further added that the government has reached a deal to transfer excess LNG cargo from Qatar to the global market. “Gas price will remain unchanged for all consumers due to reforms,” the petroleum minister announced, adding that the gas supply hours have been extended from 5am to 10pm.

“On the instructions of the prime minister, maximum relief is being provided to the public during the winter season,” said Malik.

He added that improved gas supply to domestic consumers continues nationwide, with no local gas field closed and power plants taking gas in excess and unaccounted-for gas (UFG) losses in the Sui Northern Gas Pipelines Limited (SNGPL) have fallen from 9% to 5%, while the Sui Southern Gas Company (SSGC) losses have dropped from 17% to 10%, the briefing told.