The federal government has decided not to increase gas prices from January 2026, providing relief to domestic and industrial consumers nationwide. Authorities confirmed that gas tariffs will remain unchanged throughout the year, easing pressure amid ongoing economic challenges and rising utility costs faced by households.
Federal Minister for Petroleum Ali Pervaiz Malik informed the National Assembly’s standing committee that gas prices were being kept unchanged on the prime minister’s instructions. He said the decision was possible because the gas sector’s circular debt situation had stabilized and was no longer increasing.
The minister told the committee that the current gas circular debt stands at around Rs. 3,000 billion, which also includes LNG-related liabilities. He added that approximately Rs. 1,700 billion of this amount consists of accumulated interest, highlighting the long-term financial burden.
Ali Pervaiz Malik further confirmed that gas prices would not be revised during the current year, meaning consumers will continue paying the same rates throughout 2026. He said the government aimed to maintain stability in energy pricing while managing sectoral liabilities more effectively.
During the briefing, the minister also discussed Pakistan’s LNG supply arrangements, noting Qatar’s role as a reliable supplier. He said Qatar continued LNG supplies to Pakistan under agreed contracts even when global prices surged to nearly $30 per unit.
He also briefed lawmakers on gas demand patterns and future exploration plans, saying offshore drilling is planned in the Indus Basin by Turkish Petroleum. Pakistani companies involved in these projects will be required to contribute financing as part of the arrangement.
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