The Economic Coordination Committee (ECC) of the Cabinet met Friday under the chairmanship of Federal Minister for Finance Senator Muhammad Aurangzeb where it allowed an increase in price of gas for bulk consumers.
The ECC took up a summary submitted by the Petroleum Division, seeking approval for a revised natural gas pricing structure for the fiscal year 2025–26, to take effect from July 1, 2025.
Under the OGRA Ordinance, the federal government is required to notify revised consumer gas prices within 40 days of OGRA’s determination to ensure cost recovery and regulatory compliance.
The submission also aligns with structural benchmarks agreed with the International Monetary Fund (IMF), including rationalization of captive power tariffs and a shift from cross-subsidies to direct, targeted support for low-income consumers.
The ECC considered the proposed adjustments in energy sector tariffs and decided to maintain gas prices to protect household consumers with only fixed charges re-adjusted in domestic sector to recover the asset costs.
It also allowed price of gas for bulk consumers, power plants operating on natural gas and industry to be increased by an average value of around 10 percent.