Islamabad: Petroleum Division (PD) rejected media reports that suggested higher gas tariff was with effect from July 1, clarifying revised prices would be applicable from November 1, 2023. "It is to be categorically stated that gas price revision is effective from November 1, 2023," read notice.

"This was made clear in first press release issued by Petroleum Division after approval from Cabinet and ECC. Reports in some section of media claiming prices are effective from back date are misleading," it added.

Government approved an increase in price of natural gas for different categories of consumers as advised by Oil and Gas Regulatory Authority with effect from November 1, 2023.

Economic Coordination Committee of Cabinet considered summary submitted by Petroleum Division and approved increase in natural gas prices.