LAHORE MIRROR — The coalition government has decided to increase gas prices before winter, sources in the finance ministry told Lahore Mirror.
There is a fear of an increase of Rs46 billion in the circular debt of the gas sector during the current financial year.
Sources say that from July to September, the loss of gas companies has increased by Rs46 billion and the circular debt of the gas sector has reachedRs2,700bn.
According to the sources, it has been decided to increase the price of gas by more than 100% before the economic review because there will be a shortfall of Rs185bn and Rs21bn if the price of RLNG is not increased for domestic consumers.
Sources say that in view of the increase in gas prices, a summary has been prepared for the Economic Coordination Committee (ECC) which will be presented in the upcoming ECC meeting.
