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HomeFinanceCommoditiesGOVERNMENT DECIDES TO INCREASE GAS PRICES FOR CPPs IN ACCORDANCE WITH IMF...

GOVERNMENT DECIDES TO INCREASE GAS PRICES FOR CPPs IN ACCORDANCE WITH IMF CONDITIONS

Federal Government ne faisla kiya hai ke July 1, 2024 se natural gas ke rates mein kisi bhi qisam ka izafa nahi kiya jayega. 

Oil and Gas Regulatory Authority (OGRA) ne gas ke rates mein 10 percent ki kami ki peshkash di thi, lekin Government ne isko na maan kar captive power plants (CPPs) ke liye gas ke rates ko Rs250 per mmBtu izafa karne ka faisla kiya hai.

Yeh faisla International Monetary Fund (IMF) ki condition ke mutabiq liya gaya hai aur is se Rs110-115 Billion tak extra revenue hasil hoga.

Baqi consumers ke liye gas prices barqarar rakh di gayi hain aur hasil hue extra revenue ko existing Rs2,900 Billion tak ke circular debt kam karne mein istemal kiya jayega.

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