ECC scraps proposed 46pc hike in gas prices

Published
38

The Economic Coordination Committee (ECC) of the cabinet on Monday decided not to go through with a proposed 46 per cent hike in gas tariffs despite Prime Minister Imran Khan having okayed the move last week, Radio Pakistan reported citing Information Minister Fawad Chaudhry.

On September 4, the prime minister had given the petroleum division his go-ahead to raise gas price across the country — a move that would have seen domestic and commercial consumers bear the heaviest brunt.

Read: What the experts have to say about PTI's 46% gas tariff hike

The proposed hike, however, was shot down by the ECC today in a meeting chaired by Finance Minister Asad Umar, according to Chaudhry.

The information minister said that a new plan — one that does not affect the poor spectrum of the society but ratchets up the contribution of the affluent to reduce the gas sector deficit — will be formulated.

A final decision in this regard, Chaudhry said, will be taken by the prime minister.

Chaudhry blamed the previous PML-N government for the gas sector deficit, which he claimed has soared to Rs156 billion per annum.

"When the PML-N govt was formed in 2013, there wasn't even a rupee of deficit," he said. "But their experienced team allowed the deficit to grow to Rs156bn annually in the five years since."

The minister urged former PM Shahid Khaqan Abbasi to explain how the deficits grew to such an extent when "he had claimed that there will be greenery (prosperity) everywhere" due to the deals he has signed.

Furthermore, Chaudhry observed that the price of Liquefied Petroleum Gas (LPG) has also increased by 70 per cent, and vowed that measures will be taken to bring it under control.

He said that the ECC has also decided to import 100,000 ton of urea, which will be provided at subsidised rates to the farmer community.

Opinion

Editorial

Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...
Terror and politics
Updated 29 Sep, 2026

Terror and politics

There is an urgent need to tone down the rhetoric and tackle terrorism as a collective challenge for both the affected provinces and the federation.
Watching the glaciers
29 Sep, 2026

Watching the glaciers

THE latest signs from Pakistan’s mountains are worrying. Suparco says the number of unfrozen glacial lakes it...
Dangerous agenda
29 Sep, 2026

Dangerous agenda

AS the world remains fixated on the US-Iran conflict, elsewhere in the Middle East, Israel is consolidating its grip...