Authorities are preparing for another major gas price hike next week, due to growing circular debt and falling revenues from the gas industry.
The final decision will be made at the meeting of the Economic Coordination Committee scheduled in the coming days.
A proposal is being studied to increase gasoline prices by 100% to 150% for unprotected domestic consumers. For certain panels, prices will increase by 300% after taking into account fixed fees.
For protected consumers, there is the possibility of only increasing the flat tax rate, while the tax rate will remain unchanged for those consuming 0.5 to 0.9 hectares of gas.
For those consuming one hectometre of gas, the tariff will be brought on par with that of LPG.
The Petroleum Division has said that if prices are not increased, the Sui gas companies will lose Rs205 billion. The exchequer is losing Rs200 billion annually due to the supply of LNG at cheap rates.
It is also proposed to increase the fixed charge to maintain the summer and winter revenue target.
A summary for a gas price hike will be presented in the ECC meeting next week. Leaders of Petroleum Division
said the burden of increasing gas prices will fall on consumers from July 1. The salary increase will be implemented from October 1.
, they added