The Petroleum Division (PD) of the Energy Ministry on Wednesday rejected a news item appearing in a section of media about the effectiveness of the new gas tariff from back date, clarifying that the revised prices would be applicable from November 1, 2023.
“Reports in some newspapers claiming that the prices are effective from back date, which is misleading. It is categorically stated that gas price revision is effective from November 01, 2023” a news release said.
The federal government on Monday approved an increase in the price of natural gas for different categories of consumers as advised by the Oil and Gas Regulatory Authority (OGRA) with effect from 1st November 2023.
The Economic Coordination Committee (ECC) of the Cabinet on 23rd October 2023 considered the summary submitted by the Petroleum Division and approved the increase in the natural gas prices. The Federal Cabinet in its meeting held on 30th October, 2023 referred back the summary for reconsideration of the ECC.
The ministry further said that the press release issued by the petroleum division after approval of the cabinet and Economic Coordination Committee (ECC) on October 30 clearly stated that the revision of gas prices would be effective from November 1.
