Sunday, July 14, 2024, 4:51 PM
BREAKING NEWS
**Donald Trump guilty on all counts in historic criminal trial. **Former President has been found guilty on all 34 counts in his New York criminal hush money trial. **The Republican candidate has denied wrongdoing and an attorney representing him said they would file appeal. **The first-ever criminal trial of an American president. **Case centered on allegations about falsifying business records. **Trial lasted for over six weeks presumptive presidential nominee. **Trump first former president to be convicted in US history. **The trial lasted for over six weeks against the presumptive Republican presidential nominee.
Home Business Gas prices expected to increase ahead of IMF’s economic review

Gas prices expected to increase ahead of IMF’s economic review

Prices may surge from Rs302 to Rs600 per MMBtu

by NWMNewsDesk
0 comment

Gas prices in Pakistan are anticipated to witness a significant increase in the coming weeks, just ahead of the International Monetary Fund’s (IMF) economic review.

The Ministry of Petroleum has prepared a summary proposing the hike, which could see gas prices soaring from Rs302 to Rs600 per MMBtu.

Industry sources suggest that this impending price hike will have far-reaching consequences, particularly for fertilizer factories that rely on gas as a crucial feedstock for their operations.

Fertilizer manufacturers may face a considerable surge in costs as they are expected to secure gas at a rate of Rs 1580 per MMBtu, a substantial increase from the current rates.

banner

Furthermore, there is a looming possibility of a Rs556 increase in the price of gas for fertilizer factories.

You may also like

In a recent breakthrough, researchers have found that the updated COVID-19 vaccine has demonstrated an impressive 95% efficacy rate against the emerging Delta variant, which has been causing widespread concern globally.

Blogs

Latest Articles

© 2023 News World Media. All Rights Reserved.