Posted 10/22/2023, 5:22:00 AM
Delay in Reforming Gas Pricing Threatens to Exacerbate Pakistan's Gas and Fertilizer Crises
- Delay in ECC meeting to reform gas pricing likely to worsen gas crisis as circular debt rises
- Reforms aimed to unify feed gas prices for fertilizer industry to stabilize urea prices
- Over 5 years, feed gas tariffs surged over 235% under Petroleum Policy 2012
- Disparities in input costs causing distortions in urea market prices for farmers
- Unifying gas rates could generate Rs90 billion for gas-producing provinces as subsidy for small farmers