Cabinet committee greenlights work on Iran-Pakistan gas pipeline

Workers can be seen busy working on a gas pipeline at Chah Bahar, Iran. — X/@dana916 ISLAMABAD: After around a decade’s delay, the caretaker Cabinet Committee on Energy (CCoE) Friday approved works on the first phase of the Iran-Pakistan (IP) gas pipeline to boost the country’s energy security. In a statement, the Ministry of Energy […]

Govt approves work on Pakistan section of IP gas pipeline project | The Express Tribune

ISLAMABAD: The Cabinet Committee on Energy (CCoE) granted approval on Friday for the initiation of work on the 80-kilometer segment of the Iran-Pakistan (IP) gas pipeline project within the country. According to a press release, the committee, acting on a recommendation from the Petroleum Division, has endorsed the commencement of the project, starting from the […]

Govt restructures gas priority for industrial growth | The Express Tribune

ISLAMABAD: The caretaker government has decided to change the gas priority order by placing the process industry at the top along with domestic consumers. It has also changed the priority order of the fertiliser sector by placing it in the second category along with the power sector. Earlier, the fertiliser industry was placed in the […]

Gas price hike for fertiliser plants sought | The Express Tribune

ISLAMABAD: The government has initiated discussions to increase gas prices for the remaining six fertiliser plants aimed at preventing the possibility of windfall profits of around Rs100 billion due to its earlier decision to raise prices for only four plants. The issue of gas prices in the range of 175%, or Rs1,017 per mmbtu, may […]

‘Govt must reconsider gas tariff hike’ | The Express Tribune

ISLAMABAD: Trader bodies on Saturday urged the federal government to reconsider its decision to hike the gas tariff to address concerns of the business community. Islamabad Chamber of Commerce and Industry (ICCI) President Ahsan Zafar Bakhtawari and President of Karachi Chamber of Commerce and Industry (KCCI) Iftikhar Ahmed Sheikh, made the demand during a meeting […]

Gas price surge expected to propel inflation to 25% | The Express Tribune

KARACHI: The latest hike in gas and petroleum oil prices for households and industrial consumers in February is estimated to increase the inflation rate by almost half a percentage point to around 25% in the current fiscal year 2023-24, reducing the likelihood of a token cut in the benchmark interest rate in mid-March 2024. The […]

Traders urge govt to withdraw gas price hike | The Express Tribune

KARACHI: Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) President Muhammad Farooq Shaikhani has hit out at the Economic Coordination Committee (ECC) for its decision to make a massive increase of 65% in gas tariffs. He appealed to all political leaders and the country’s rulers to withdraw the gas price hike promptly to restore […]

Residential gas prices increased by 67% | The Express Tribune

ISLAMABAD: The federal cabinet on Thursday increased gas prices for residential users up to 67% and for fertiliser plants by 700% to recover additional Rs242 billion from all the consumers – in a decision that attempts to bring some equity in the rates of the fast depleting natural asset. Immediately after the cabinet meeting, the […]

SNGPL extends suspension of gas supply to CNG stations

Vehicles queue at a CNG station. — INP/File With the country experiencing an increased demand for gas supply owing to the prevailing cold wave, the Sui Northern Gas Pipelines Limited (SNGPL) Wednesday extended the suspension of gas supply to CNG stations. The gas supply to CNG stations will remain suspended till February 5, the gas […]

KCCI decries 191% surge in gas tariffs | The Express Tribune

KARACHI: Karachi Chamber of Commerce and Industry (KCCI), President, Iftikhar Ahmed Sheikh has expressed concerns over the significant surge in industrial gas tariffs under the caretaker setup. Since August 2023, the tariff has risen by 118%, escalating from Rs1,100 per mmBtu to Rs2,400 per mmBtu. Additionally, an extra 40% RLNG cost has been imposed, catapulting […]

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