ECC approves hike in gas pricesAlina Hashmi
On July 8, the Economic Coordination Committee of the Cabinet (ECC) approved an increase in gas prices for the residential, commercial, and industrial sectors. The rates for domestic consumers have increased by 43 to 335%. However, there are now only five slabs as opposed to seven. The government did not increase the gas price for the second slab for users consuming up to 1 hm3; its price of Rs300 per MMBTU will remain unchanged.