This comes at a time when the energy sector is facing serious gas and electricity shortages and both gas and power companies are struggling with their financials to ensure smooth supplies. — Reuters/File
ISLAMABAD: Amid system challenges, the Petroleum Division is seeking an average national basket price for natural gas — both local and imported — through a distant ‘political consensus’ even though it has fixed price commitments with various consumer groups.
This comes at a time when the energy sector is facing serious gas and electricity shortages and both gas and power companies are struggling with their financials to ensure smooth supplies. The federal government has been asking the provinces for introduction of weighted average cost of gas (WACOG) by moving away from ring-fenced pricing and supply of local gas and imported liquefied natural gas (LNG) to various consumer categories.