Efforts underway to raise gas prices as well after hiked electricity costs

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Following the increase in energy costs, efforts are being made to raise the gas prices as well.

The Oil and Gas Regulatory Authority (OGRA) has been told that the work on gas prices is ongoing, according to sources in the Ministry of Energy.

According to sources in the Ministry of Energy, the International Monetary Fund (IMF) has been written to regarding the hike in gas prices, thus it will happen anyway.

Sources have claimed that the last three most costly gas slabs are already quite expensive for household users who use 300 cubic meters or more of gas per month or more.

According to sources in the Ministry of Energy, at present the price per MMBTU for the use of gas up to 300 cubic meters per month is Rs1100, the price per mm Btu up to the use of 400 cubic meters per month is Rs2000, the price per mm Btu for use of more than 400 cubic meters per month is Rs3100, for all other slabs and sectors, the price of gas will be adjusted, efforts are being made that the rest of the slabs and sectors will be adjusted. There should be a minimal burden on domestic consumers.

Sources in the Ministry of Energy said that details for the increase in gas prices are likely to be submitted to the Economic Coordination Committee (ECC) next week.