After a tax loaded and bloated federal tax for fiscal year 2019-2020, and continuous increase of Petroleum prices now, the government has decided to increase the gas prices by up to 200% from July 1. The decision of price hike came after historic rupee devaluation against US dollar. However, no increase has been proposed for the bulk gas consumers.
As per details,the Economic Coordination Committee (ECC) will approve the proposal in today’s meeting. However, the Petroleum Division has proposed no increase in gas prices for the elite who use gas in bulk.
The Petroleum Division has proposed 25% increase in gas prices for domestic gas consumer in the first slab. Fifty per cent (50%) increase is recommended for the second slab, 75% for the third slab, 100% for the fourth slab, 150% for the fifth slab and 200% for the sixth slab gas consumers.
As per details, With the proposed increase in gas prices, the bill for consumers falling in the first slab will go up from existing Rs285 to Rs422 per month. Bill for slab-two consumer will go up from Rs572 to Rs1,219; bill for slab-three from Rs2,305 to Rs4,009; bill for slab-four from Rs3,589 to Rs7,995 and bill for slab-five from Rs13,508 to Rs14,373 per month. It’s worth mentioning that Imran Khan led Pakistan Tehreek-e-Insaf (PTI) government has already increased gas prices by up to 143% during the ongoing financial year.
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17 November, 2019