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Gas Bomb Dropped as ECC Approves 190%Hike in Gas Prices

ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday approved 190 per cent hike in gas prices for domestic consumers and 31 per cent for the rest of the categories.

The Decision was taken ECC Meeting presided over by Advisor to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh.

According to sources, the revised gas prices, which will come into effective from July 1, will help the government pocket an additional revenue of Rs500 billion.

Sources said the government will again review gas prices in December.