Goverment mulls fuel levy hike to aid gas sector

Goverment mulls fuel levy hike to aid gas sector

Petroleum minister confirms gas circular debt over Rs3 trillion, says no increase in tariff for six months; deflects questions by NA panel about proposed use of petroleum levy for gas sector.

Govt makes major announcement about gas price hike in 2026

Petroleum Minister Ali Pervaiz Malik announces gas prices to remain unchanged this year, however, if circular debt were still increasing, raising gas prices would have been unavoidable. Petroleum Minister Ali Pervaiz Malik briefed the National Assembly Standing Committee on Petroleum on Tuesday. The minister informed the committee that the flow of circular debt in the gas sector is currently zero, although the total accumulated gas circular debt…

No gas price increased from January 2026: Petroleum Minister

ISLAMABAD: The Federal Minister for Petroleum Ali Pervez malik has announced that the price of gas will not increased in the month of Jan,2026. The Minister informed the committee that, following the Prime Minister’s directives, gas prices will not be raised from January 2026. Malik stated that the gas circular debt is no longer rising, though it currently stands at Rs 3 trillion, a figure that includes Late Payment Surcharges (LPS). He also not…