Gas prices to remain unchanged, minister confirms Pakistan

Pakistan keeps gas prices unchanged for six months, easing household burdens while improving supply and controlling circular debt nationwide.

Islamabad – (Special Correspondent / Web Desk) – The Pakistani government will maintain current gas tariffs for the next six months, Petroleum Minister Ali Pervaiz Malik said on Tuesday. Speaking at a meeting in Islamabad, Malik noted that the decision was taken on the direction of Prime Minister Shehbaz Sharif.

He emphasized that any increase in gas prices would further strain households and businesses already grappling with high inflation and slow income growth. The minister also highlighted progress in the energy sector, stating that the buildup of circular debt in the gas industry has been brought under control, a development described by the Press Information Department (PID) as a major achievement.

“The gas prices will remain same for all consumers for the next six months,” Malik was quoted as saying. “Enhanced gas supply is being provided to domestic consumers across the country. No domestic field is presently under curtailment.”

Pakistan revised gas prices for fiscal year 2025-26 and Okayed a 50 percent increase in fixed charges for domestic consumers, effective from July 1.

The move aligned with structural benchmarks agreed with the International Monetary Fund (IMF), including rationalization of captive power tariffs and a shift from subsidies to direct, targeted support for low-income consumers.

Officials of Sui southern and northern gas companies also briefed participants of Tuesday’s meeting on operational improvements in the sector.

Pakistan May Exit IMF Programme in Six Months: Defence Minister

“SNGPL (Sui Northern Gas Pipelines Limited) reported a substantial reduction in Unaccounted-for Gas (UFG) losses from 9% to 5%, while SSGC (Sui Southern Gas Company) reported that UFG losses have been reduced from 17% to 10%,” the PID said.

SNGPL Managing Director Amer Tufail informed that gas supply hours have also been extended from 5am to 10pm in winters to ensure maximum relief to the public.

 

Comments are closed, but trackbacks and pingbacks are open.