Gas tariff to be increased on IMF demand

The International Monetary Fund (IMF) wanted a hefty 45–50% increase in petrol prices from the Pakistani government following the acceptance of relief for power use.

Gas increased on IMF demand: The IMF reportedly required an increase in gas rate from 45 to 50 percent in the account for “Fuel Adjustment Charges” as of July 1 while putting a strong emphasis on a crackdown on electricity and gas theft to promote recovery.

It is important to note that the federal cabinet must approve any changes to petrol tariffs in order for them to take effect.

The IMF’s decision to provide relief of Rs15 billion, aimed at reducing the financial burden on energy consumers, is a testament to the commendable performance of the FBR.

Anwarul Haq Kakar, Dr. Shamshad Akhtar, and Muhammad Ali, the caretaker energy minister, caretaker finance minister, and caretaker prime minister, all make an impression with their tireless efforts.

The relief plan is expect to grant significant advantages to consumers using up to 200 units of power each month.

According to sources, customers who fall under this category can anticipate savings on their electricity costs of between Rs 3 and Rs 4 per unit.

The provisions for delay payments, which will also be include, will prevent penalizing these consumers for making late payments.