ECC approves summary regarding revision of natural gas sale pricing for different categories of consumers for FY 2023-24 w.e.f. 1st Nov, 2023

ISLAMABAD, Oct 31 (SABAH): Federal Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akhtar presided over a meeting of the Economic Coordination Committee (ECC) of the Cabinet on Tuesday.

The meeting was attended by the Minister for Privatization, Fawad Hassan Fawad, Minister of Planning, Development and Special Initiatives Sami Saeed, Minister for Power & Petroleum, Muhammad Ali, Federal Secretaries, and other senior government officials of the relevant ministries.

The meeting considered a single item agenda submitted by the Ministry of Energy and Petroleum.

The summary submitted by the Ministry of Energy (Petroleum Division) regarding the revision of the natural gas sale pricing for different categories of the consumers for the FY 2023-24, was again considered by the forum. The ECC, after detailed discussion and deliberation, approved the summary w.e.f. 1st November, 2023.

The ECC earlier 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. Accordingly, the ECC in its meeting held on Tuesday, approved the revised natural gas prices.