The caretaker government in Pakistan has increased gas tariffs across the country. The hike includes a Rs 100 per MMBtu increase for protected consumers and a Rs 300 per MMBtu increase for non-protected consumers.

Commercial consumers are set to experience a considerable Rs 900 increase per MMBtu, while the CNG sector faces a Rs 170 per MMBtu price hike. Fertilizer factories will also see a slight increase in gas tariffs.

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In addition to the gas tariff adjustment, an Economic Coordination Committee (ECC) meeting approved a 25% sales tax rate on locally manufactured and assembled vehicles, applicable to vehicles worth Rs4 million or with 1400cc engines. This move is expected to result in a price hike for such vehicles.

The increase in gas prices for Export Oriented Units (EOUs) from Rs 2,400 to Rs2,950/MMBtu has been strongly opposed by the All Pakistan Textile Mills Association (APTMA) North chairman, Kamran Arshad, who stated that this increase would be disastrous for the textile industry.