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Saturday June 22, 2024

Ministry denies report on withdrawal of gas subsidy

According to the ministry’s spokesperson, this matter was never included in the cabinet’s agenda

By APP
May 26, 2024
This image shows the logo of the Ministry of Industry and Production. — APP/File
This image shows the logo of the Ministry of Industry and Production. — APP/File

ISLAMABAD: The Ministry of Industry and Production issued a rebuttal on Saturday to the news circulating about the withdrawal of gas subsidy for fertilizer companies and said it was baseless.

According to the ministry’s spokesperson, this matter was never included in the cabinet’s agenda.

He clarified that the gas prices for fertilizer companies will be determined by the Economic Coordination Committee (ECC).

He said the determination of gas prices for fertilizer companies will be based on the rules set in the past so that there was no increase in the price of fertilizer. He urged to avoid unnecessary speculation about the fertilizer prices.