Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

Abbasi rules out hike in gas prices for domestic consumers

byCT Report
04/11/2016
in Business
Share on FacebookShare on Twitter

 

ISLAMABAD: Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi on Thursday announced that there will be no hike in the gas prices for the domestic consumers.

You might also like

SECP blocks inactive companies from opening new bank accounts

02/11/2026

OGRA increases RLNG prices by up to 15.3pc in October

31/10/2026

While addressing a press conference, he said that the government would not increase gas prices and existing level of prices would be maintained. It is pertinent to mention here that Oil and Gas Regulatory Authority (OGRA) had recently decided to increase gas price up to 36 percent for the ongoing financial year.

The minister also announced that OGDCL has made three discoveries in Sindh which will help adding 30 mmcfd of gas to the system. Two discoveries were made in Mithri and Gundanwari of District Khairpur, while one was made in Khamiso of District Gothki, he said.

Flanked by OGDCL Chairman Zahid Muzaffar and OGDCL CEO Zahid Mir, the minister said that the domestic consumers in Punjab province were facing 40 percent gas shortages. After 18th amendment, domestic consumers in Punjab were facing gas shortage as now the government is bound to provide more gas to the gas producing province. “We have proposed that the domestic consumers, in all the provinces, should be our primary recipient of gas, but it is not possible under the current interpretation of the constitutional provision” he maintained. “Council of Common Interests (CCI) needs to review this clause for uniform gas distribution for domestic consumers in all provinces, he added.

Related Stories

SECP blocks inactive companies from opening new bank accounts

byCT Report
02/11/2026

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Saturday declared 39,704 companies “Inactive by Registrar” for failing to...

OGRA increases RLNG prices by up to 15.3pc in October

byCT Report
31/10/2026

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has increased regasified liquefied natural gas (RLNG) prices by up to 15.3%...

Pakistan’s exports rise 7.7 percent to $8.5 billion in 1QFY-2027

byCT Report
30/10/2026

ISLAMABAD: Pakistan’s remittances reached $10.9 billion in the first quarter of fiscal year 2026-27, marking a 14 percentage increase year-on-year,...

Wheat, flour prices expected to decline after imported wheat arrives

byCT Report
29/10/2026

KARACHI: A ship carrying 51,000 tonnes of imported wheat has arrived at Karachi Port, raising hopes of a decline in...

Next Post

Philippines Port cargo volumes up 9% in first 9 months

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.