ISLAMABAD – The federal government is considering an option to increase thesystem gas tariff by 40-50% days after it approved massive hike of Rs30 perlitre in petroleum prices to revive the $6 billion International Monetary(IMF) programme.
Reports said that the new gas price would be imposed from July 1, 2022 asboth companies responsible for gas supply in country are facing loses tothe of Rs550 billion for years.
“Sui Northern Gas Pipelines Limited is facing a loss of Rs350 billion whileSui Southern Gas Company Limited is facing a loss of Rs200 billion mainlydue to no raise in tariff as was required,” The News quoted the energyministry official’s statement as saying.
Currently, the consumers of domestic categories who use 50 cubic meters ofgas in one month are charged Rs121 per MMBTU while people using 100 cubicmeters of gas pay Rs300 per MMBTU.
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Similarly, consumers, who use 200 and 300 cubic meters of gas, are chargedRs553 and Rs 738 per MMBTU. People using 400 cumbic meters and above payRs1,107 and Rs1,460, respectively.
