Gas Prices Frozen for Six Months in Pakistan
Pakistan’s gas consumers will get major relief as the federal government has announce that Gas Prices Frozen for Six Months in Pakistan following key decision discussed in the National Assembly Standing Committee on Petroleum.
The announcement was made during the 12th meeting of the committee chaired by Syed Mustafa Mehmood where officials reviewed development in the gas and LNG sectors.
Government Freezes Gas Prices for All Categories
Federal Minister for Petroleum Ali Pervaiz Malik informed the committee that, on the directions of Prime Minister Shehbaz Sharif, gas tariffs will not be increased for any consumer category for the next six months of the current fiscal year.
- Gas prices will remain unchanged nationwide
- No new circular debt is being created
- Gas supply has been enhanced for domestic consumers
- No local gas field is currently under curtailment
This move aims to provide the relief to households and industries amid ongoing economic pressure.
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Pakistan Reaches LNG Agreement with Qatar
The minister also revealed that negotiation with Qatar had been successfully concluded to divert Pakistan’s surplus LNG cargoes to the international market while staying within contractual obligation.
He praised Qatar as a reliable LNG supplier noting that it honoured its commitment even when several global supplier defaulted. Pakistan and Qatar have now reached mutually acceptable arrangement regarding excess LNG cargoes.
Circular Debt in Gas Sector Contained
Briefing the committee Ali Pervaiz Malik state that the flow of circular debt in the gas sector has been contained and no fresh circular debt is currently being generated.
Additionally gas supply is being provided to the power sector beyond IGCEP demand to prevent gas related load-shedding.
Sui Gas Companies Report Major Performance Improvements
The managing director of Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) present progress report showing major operational improvement:
- SNGPL: UFG losses reduced from 9% to 5%
- SSGC: UFG losses reduced from 17% to 10%
They confirm that gas supply to domestic consumers has been increased nationwide particularly to support the public during the winter season.
IoT Systems Deployed for Real Time Gas Monitoring
The committee was also inform that Internet of Things (IoT) based monitoring system have been installed across the gas network including at Town Border Station.
These systems:
Automatically detect pressure drop
Generate real time alert
Improve supply monitoring and leakage control
This technological upgrade is expected to improve transparency, efficiency and service reliability.
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Conclusion
The government’s decision to Gas Prices Frozen for Six Months in Pakistan provides timely relief to consumer and signal stability in Pakistan’s energy sector. Alongside the successful LNG arrangement with Qatar, improved gas supply, declining UFG losses and the introduction of IoT-based monitoring these measure reflect a broader effort to stabilize the gas sector, control circular debt and ensure uninterrupted supply during peak demand month.
FAQ’s
Will Gas Prices Frozen for Six Months in Pakistan ?
The government has announce that Gas Prices Frozen for Six Months in Pakistan for all consumer categories.
Who announce the gas price freeze?
Federal Minister for Petroleum Ali Pervaiz Malik on the direction of Prime Minister Shahbaz Sharif.
Why Pakistan diverting surplus LNG cargoes?
Pakistan reaches an agreement with Qatar to divert excess LNG cargoes to the international market while remaining within contractual obligation.
What improvements have Sui gas companies made?
SNGPL reduce UFG losses from 9% to 5% and SSGC reduce losses from 17% to 10%.
What is the purpose of IoT systems in the gas network?
IoT system enable real time monitoring, automatic alerts for pressure drops and better control of gas supply across the network.