According to S&P Global, while natural gas prices could potentially boost coal consumption domestically, challenges such as warmer weather forecasts, oversupply, and competitive pricing from other coal-exporting countries pose significant obstacles.
Fitch Ratings has increased its ammonia price assumption for 2023, taking into account elevated YTD prices. The 2024-2025 assumptions consider higher gas prices, growing demand, particularly in 2024, and a dearth of capacity additions in 2025.
The annual short-term inflation in Pakistan remained above 40 per cent for the second week in a row, mainly driven by a massive increase in gas prices, official data showed on Friday, Dawn newspaper reported.
An increase in gas prices has driven the annual short-term inflation in Pakistan to above 40 per cent for the first time in over four months, official data showed on Friday, Dawn reported.
Following a significant increase in gas prices by the federal government, there is another news for gas consumers to feel bad about, that is alongside the new price, the consumers will have to pay gas tariff hike from the last four months (July till October), ARY News reported.
For domestic consumers, gas prices are set to surge by up to 172 per cent, with commercial consumers facing a 137 per cent increase, while cement manufacturers will experience a staggering 193 per cent hike starting November 1.
In a reaction to the Tamil Nadu Chief Minister MK Stalin and his West Bengal counterpart Mamata Banerjee accusing the BJP of playing politics over gas prices ahead of elections, Annamalai said, "I find it very shameful. When DMK came to power in their manifesto they promised a subsidy for ga
"Prime Minister Narendra Modi gave an invaluable gift on the occasion of Raksha Bandhan to crores of sisters of the country by giving exemption in cooking gas prices," said Chahar.