PID

PR No. 49
CLARIFICATION
Islamabad: February 06, 2024

The title of the news article “CCI approves 25pc hike in sale price of gas”, published in daily Business Recorder on January 30,2024 is incorrect and contrary to facts. Petroleum Division clarifies the matter for knowledge of general public that there was no decision on gas prices in CCI. Clarification is also made to the paragraph stating “…. CCI has approved increase in sale price of natural gas to third parties on commercial basis from 10 percent to 35 percent…”. The Council of Common Interest (CCI) considered the proposal of Ministry for 50 percentage share of gas sale to third parties. However, CCI decided to increase third party sale of gas from existing 10% to 35% on competitive basis. This share increase has been wrongly associated to price increase and is, therefore, corrected for information of all.

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GOVERNMENT OF PAKISTAN PRESS INFORMATION DEPARTMENT

GOVERNMENT OF PAKISTAN

PRESS INFORMATION DEPARTMENT

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PR No. 49 CLARIFICATION Islamabad: February 06, 2024

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PR No. 49
CLARIFICATION
Islamabad: February 06, 2024