IMF Pushes Pakistan to Raise Gas Prices for Power Plants
• IMF pushing Pakistan government to increase gas tariff for captive power plants to match RLNG price by July 2024
• Government sought delay until Dec 2024 to switch CPPs to national grid; IMF insists by June 2024
• Gas tariff for CPPs now Rs2,750/MMBTU vs RLNG price of over Rs4,000/MMBTU
• Government doesn't want further domestic consumer gas tariff hikes
• Gas companies petitioned for big tariff hikes from July 2024; govt expects 10-15% increase after rationalization