Karachi February 17 2022: Weighted average cost of gas (WACOG) bill has been passed today by senate as well. It is a historic and long pending reform that will ensure the energy security of Pakistan. We are now able to embark upon the reform of the gas pricing structure, remove anamolies and enhance supplies of imported gas.
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“This reform is as significant as the approval of IGCEP model for power purchase a couple of months ago. Both historic reforms in power and petroleum sector have been carried out by PTI govt in the last six months.” Says Minister for Energy Hammad Azhar
“The average gas prices are estimated to go up by 30pc gradually over the next few years. We are not going to increase these gas prices immediately but in a phased manner as the government expected the international LNG prices would come down in the coming month” he added
