The government has increased liquefied natural gas (LNG) prices in Pakistan by up to 28 per cent for the month of May, according to an official notification issued on Thursday. Read More: Pakistan gets two LNG cargos from Qatar in a week The revision applies to both major distribution systems, with the new rates reflecting a significant […]
gas prices
IMF sets new conditions, signals possible tariff hikes in Pakistan
The International Monetary Fund (IMF) has reportedly imposed 11 new conditions on Pakistan under its ongoing financial programme, raising the total number of requirements to 55, according to its latest review report. Read More: IMF says Pakistan’s economic recovery holds despite regional risks The new conditions focus on tightening fiscal discipline, strengthening tax reforms, and improving key economic […]
Gas prices likely to rise after subsidy reform plan
Domestic gas consumers in Pakistan may soon face higher utility bills after the government decided to gradually end nearly Rs140 billion in cross-subsidies currently supporting the gas sector. Officials from the Petroleum Ministry said the subsidy system will be phased out by January 2027 as part of broader economic reforms promised to the International Monetary […]
Global oil prices rise 7% amid Iran-US tensions
Global oil prices have surged following escalating tensions between United States and Iran, with fears of further conflict impacting energy markets. Read More: Govt slashes diesel rate by Rs 32.12 as oil prices fall globally According to market data, Brent crude — the international benchmark — rose by around 5 percent, increasing by $5.13 to reach $95.51 per […]
RLNG prices edge up despite lower import cost
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has notified a marginal increase of about half a per cent in Regasified Liquefied Natural Gas (RLNG) prices for February at the distribution stage for both Sui gas utilities, primarily driven by higher terminal charges despite a decline in import prices. Read More: OGRA notifies revised RLNG prices for […]
SNGPL seeks hike in gas prices
Sui Northern Gas Pipelines Limited (SNGPL) has requested the Oil and Gas Regulatory Authority (OGRA) to increase the price of gas. According to sources, the company has submitted an application to OGRA, seeking an average increase in the price of gas of Rs189 per MMBTU. Sources said that an increase in gas prices has been […]
Govt approves increase in gas prices
Federal government on Monday has approved of Rs 23 in the total gas bill for the common man. The decision was made in a meeting of the Economic Coordination Committee (ECC) held in Islamabad today. While addressing the media after the meeting, Petroleum Minister Ghulam Sarwar said that the committee has approved an increase of only […]
ECC meeting: Immediate hike in gas prices deferred
Finance Minister Asad Umar on Tuesday chaired a meeting of the Economic Coordination Committee (ECC) and decided against any immediate hike in gas tariffs. It was revealed by Information Minister Fawad Chaudhry while addressing the media in Islamabad today. Fawad said that the ECC had prepared guidelines regarding increase in the gas tariffs, however, he said, […]