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Single gas price for all consumers needed as existing slab system needs review: petroleum minister

The Express Tribune • • 1 min read

Single gas price for all consumers needed as existing slab system needs review: petroleum minister

Petroleum Minister Ali Pervaiz Malik has called for a move to one uniform gas rate for every user, arguing that the current slab structure needs a review. Speaking on Thursday and according to a Petroleum Division statement reported by The Express Tribune, he said the change would encourage more economic activity and slow the shift of customers toward other fuels.

The minister chaired a Karachi meeting with the chairman, board, managing director and senior management of Sui Southern Gas Company, reviewing performance and reform priorities. He noted that gas prices had stayed unchanged for a year and that the buildup of gas circular debt has almost stopped, calling both steps toward sector stabilisation. He also instructed the SSGC board to draft a strategy to curb unaccounted-for gas so the company becomes financially viable, with public service as its main aim.

According to the statement, distribution improved as unaccounted-for gas fell roughly 57% in volume terms. The meeting was also told that K-Electric, industrial users and fertiliser plants had no gas load-shedding, while households received supply three times a day. Malik further asked the board to build a reform programme covering losses, gas theft and revenue recovery, while noting ongoing work with the World Bank on wider sector reforms.

At a glance

  • Malik called for one gas rate for every consumer, with the slab system to be reviewed.
  • SSGC gas prices have not risen for a year, and gas circular debt growth has nearly stopped.
  • Unaccounted-for gas fell roughly 57% in volumetric terms at SSGC.

Stocks in this story

Sectors:Oil & Gas Marketing CompaniesPower Generation & Distribution

Originally reported by The Express Tribune

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