The federal government has provided relief for gas consumers by confirming that gas prices will not be increased from January 1, despite mounting financial pressure in the energy sector.
The Federal Minister for Petroleum stated that, following Prime Minister’s directives, the government has decided not to revise gas tariffs at this time, ensuring stability for households and businesses.
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Circular Debt in Gas Sector Reaches Rs 3 Trillion
The minister revealed that the gas sector’s circular debt currently stands at around Rs 3 trillion, which also includes late payment surcharges. This massive debt has been reported to the Cabinet’s Energy Committee as part of compliance with International Monetary Fund (IMF) conditions.
IMF-Linked Report Submitted
Officials confirmed that a detailed circular debt report was submitted to the cabinet committee to outline the financial challenges faced by the sector. While long-term reforms are being considered, the government has prioritized consumer relief over immediate price hikes.
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The decision to freeze gas prices is expected to ease financial pressure on households and businesses, especially during winter when gas usage increases significantly. Authorities are monitoring the situation and may announce further policy measures to stabilize the sector in the near future.
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