Karachi, According to a report from AKD Securities Limited, the Economic Coordination Committee (ECC) is poised to authorize considerable increases in gas prices across multiple categories, excluding protected consumers. The projected hikes are significant, ranging between 5% and 193%. Notably, many category slabs could see hikes of 80% or even higher.

The report suggests that the domestic manufacturing sector will bear the heaviest impact of these hikes. Industries, with the exception of fertilizers, are looking at potential price surges from 25% up to 193%. Non-protected residential consumers are also not spared; depending on their consumption brackets, they might witness price boosts from 50% to 136%.

In the past, gas-centric Exploration and Production (E and P) companies faced substantial challenges due to political decisions aiming to shield domestic consumers from the effects of international commodity and currency variances.