After much ado, increase in gas rates approved | The Express Tribune
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ISLAMABAD: The federal cabinet on Monday approved up to 193% increase in gas prices to recover an additional Rs350 billion from consumers in this fiscal year while making some further adjustments in the recommended rates for industrial and CNG consumers. Headed by Prime Minister Anwaarul Haq Kakar, the cabinet approved up to 172% increase for domestic consumers, 137% increase for commercial consumers and 193% increase in prices for cement manufacturers with effect from Nov 1. The cabinet referred back the proposed increases for processing units of non-export and export industries, captive power plants of non-export and export industries and the compressed natural gas (CNG) consumers to the Economic Coordination Committee (ECC) of the Cabinet for further deliberations. The cabinet decided that if the ECC develops consensus on the rates for these categories, it should be deemed as approved by the federal cabinet, Mohammad Ali, the federal minister for energy, said. Ali...