The caretaker government on Tuesday approved a massive increase in the gas tariff.
The Economic Coordination Committee (ECC) of the Cabinet meeting chaired by Finance Minister Dr Shamshad Akhtar gave approval for the hike in the gas tariff up to 193% starting from November 1, 2023.
In addition to this, gas consumers will also witness an unprecedented surge in fixed monthly charges, up to 3,900pc for protected and non-protected consumers.
According to the approved summary, the fixed monthly charges for protected consumers were revised upward from Rs10 to Rs400 for non-protected from Rs460 to Rs1000, and for higher slabs up to Rs2000.
The government has increased the local gas tariff up to 173% for non-protected domestic consumers, 136.4% for commercial, 86.4% for export, and 117% for the non-export industry.
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