The caretaker finance minister has called the meeting of the Economic Coordination Committee (ECC) on Monday to deliberate on the proposal for an increase in the gas tariff.
According to sources, the ECC meeting has been called at 4 pm tomorrow. A summary of the increase in gas prices is likely to be presented in the meeting.
The summary forwarded by the petroleum division has suggested about 200% increase in the gas tariff. It has been proposed to increase the price of gas up to 172% for domestic consumers, for other categories, it has been suggested to hike the price of gas up to 200%. Sources said that a phenomenal increase in the fixed charges for the lowest gas users has been proposed.
It has been proposed to raise the fixed monthly charges from Rs10 to Rs400 for the protected customers. Sources divulged that the increase in gas prices will be applicable from October 1.
An increase in price by Rs100 per MMBtu has been suggested for non-protected consumers who use up to 0-25 cubic meters.
An increase in price by Rs.300 per MMBtu has been suggested for consumers who use gas up to 60 cubic meters per month.—NNI
