The Economic Coordination Committee (ECC) of the Cabinet on Saturday approved the upward revision in gas tariff for captive power plants from Rs. 3,000/mmbtu to Rs. 3,500/mmbtu to ensure required revenue for the gas sector during fiscal year 2024-25.
The decision was taken while reviewing a summary submitted by the Petroleum Division for an upward revision of the indigenous gas tariff for industry (captive power) and non-protected domestic slabs.
Following a through discussion, the ECC rejected the proposal to increase the tariff for domestic consumers, noting the need to protect domestic consumers from additional tariff burden.
However, the ECC instructed the Petroleum Division to take necessary measures for the imposition of a grid transition levy on the captive power plants to enhance energy sector efficiency.
Finance Minister Muhammad Aurangzeb chaired the meeting, while Petroleum Minister Musadik Masood Malik, Power Minister Sardar Awais Ahmed Khan Leghari, and Minister of State for Finance and Revenue Ali Parvez Malik were in attendance. The OGRA chairman, SECP chairman, federal secretaries, and senior officers from the relevant divisions also participated in the meeting.