In winter, we cannot supply gas to homes for 24 hours, this time only 8 hours of gas will be provided, said the Caretaker Energy Minister:
Lahore (Urdu Point Newspaper Latest. 04 October 2023) Announcement of 18-hour load shedding of gas for domestic consumers in winter. According to the details, the Caretaker Energy Minister Muhammad Ali has said that they cannot provide gas to homes for 24 hours in winter, this time only 8 hours of gas will be provided. Caretaker Energy Minister in his statement said that they are working continuously for gas supply in winter, 2 LNG cargo deals have been done for winter.
Muhammad Ali said that there is already 18% less gas in winter this year, so this time only 8 hours of gas will be available in the winter season. On the other hand, according to media reports, on the instructions of the IMF, the caretaker government has started preparations to increase the gas rates. It is likely that a summary of the increase in the gas tariff will be presented in the upcoming ECC meeting.
Media reports have quoted sources as saying that the caretaker government started taking the industrial and commercial sectors into confidence before the increase in gas tariff.
In October, the price of imported and domestic gas is likely to be set at the same rate, while subsidies in gas tariffs for domestic, fertilizer and captive power plants are also likely to be removed. According to the sources, the revolving debt of gas has reached a record level of 2 thousand 900 billion rupees, due to which the IMF has demanded to end the revolving debt of gas. Sources said that 350 billion rupees are being added to the revolving debt annually due to the losses of the gas companies. Sui Southern's annual gas loss rate is 15 percent while Sui Northern's loss rate is 8.2 percent.
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