Days after a reduction in fuel prices, there are reports indicating thatthe petroleum division is planning to present a proposal for a substantial172% increase in natural gas rates for domestic consumers. This proposal isscheduled to be discussed during the meeting of the Economic CoordinationCommittee, set to take place tomorrow, which is Monday.
The caretaker finance minister has convened this meeting, slated for 4 pm,to thoroughly examine and deliberate on the proposed gas tariff hike, whichis anticipated to come into effect from October 1.
The information available suggests that the summary submitted by thepetroleum division recommends a considerable rise in gas tariffs,potentially reaching up to a 200% to 300% increase in the price of gas forconsumers in the domestic sector, along with an overall increase of 300% inthe gas price.
The proposal within the summary also includes a suggestion to elevate thefixed monthly charges for protected customers, jumping from Rs10 to Rs400.Furthermore, a substantial 3,900% increase in the fixed charges for thelowest gas users is proposed.
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According to insider sources, if approved, these increases in gas pricesare expected to take effect as of October 1.