ISLAMABAD – The Economic Coordination Committee (ECC) on Monday gave ago-ahead for increasing the gas prices.
The meeting was presided over by Finance Minister Asad Umar.
He directed to pour minimal load poor consumers of gas while the hike hasbeen finalized for the elite class.
Moreover; the tax on the import of Liquefied Petroleum Gas (LPG) has beenminimized by 10 percent. Sources say that LPG prices will decrease throughimports.
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At present, SNGPL and SSGCL are facing a loss of Rs156 billion each yeardue to the subsidy given on gas prices. Ogra has determined Rs275 billionrevenue requirements for SNGPL and Rs211 billion for SSGC. This includesRs29.4 billion previous year’s shortfall of SNGPL.
