As of today, July 1st, 2024, gas rates for industries in Pakistan are unlikely to see any immediate changes. This comes after a recent hike in gas prices for captive power plants in December 2023.
Here’s a quick breakdown of the current situation:
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- Increase for Captive Power Plants: In December 2023, the Economic Coordination Committee (ECC) approved a Rs 250 per unit increase in gas prices for captive power plants of general industries. This brought the rate to Rs 3,000 per million British thermal units (MMBtu) from the previous Rs 2,750.
- Stability for Other Sectors: The consumer-end gas tariff for other sectors, including households and non-captive power plants, is expected to remain unchanged for the next six months, until December 31st, 2024.
It’s important to note that this is a developing situation. You can stay updated on any future changes by following news from Pakistani government agencies like the Oil and Gas Regulatory Authority (OGRA) or reputable Pakistani news outlets.
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