The federal government has announced it will not increase gas prices for the next six months, offering major relief to households and businesses struggling with high energy costs. Petroleum Minister Ali Pervaiz Malik confirmed the decision, saying it will remain in place for the rest of the current fiscal year.

Briefing the National Assembly, the minister said Prime Minister Shehbaz Sharif personally directed the gas price freeze to reduce the financial burden on consumers, especially during the winter season when gas demand peaks.

Rs3 trillion circular debt still a major concern

Despite the relief measure, Malik acknowledged that the gas sector’s circular debt has climbed close to Rs3 trillion. Lawmakers expressed concern over the growing financial pressure, questioning how long relief measures could be sustained without structural reforms.

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MNA Asad Alam Niazi asked whether the government was considering imposing a Rs5 per litre levy on petrol and diesel to manage the crisis. Malik responded that the matter would be reviewed by the cabinet’s energy committee, which will later brief parliament in detail.

Qatar LNG deal and supply management

The petroleum minister also highlighted a key agreement with Qatar, under which excess liquefied natural gas (LNG) is being diverted to international markets. He praised Qatar as a reliable supplier, noting that some other international suppliers failed to meet commitments.

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Losses reduced, supply improved

Malik told lawmakers that gas utilities have made progress in reducing losses. SNGPL cut unaccounted-for gas losses from 9% to 5%, while SSGC reduced losses from 17% to 10%. However, SSGC still faces Rs12 billion in annual losses in Balochistan, with low gas pressure issues in Quetta being addressed.

He assured parliament that domestic gas supply improved this winter, with higher daily availability than last year and no shutdown of local gas fields.