Cement News tagged under: gas prices
Gas price increase expected for Pakistan's cement industry24 October 2023, Published under Cement NewsAccording to local reporters, Pakistan's government will likely increase gas prices for commercial and domestic users to meet some conditionality of the IMF programme and overcome losses of gas utility companies, gas price adjustments, and gas sector circular debts. The increase in gas prices would also be effective in the cement industry. The Economic Coordination Committee (ECC) is expected to approve gas price increases across the board (excluding protected consumers). The hikes range fr... |
Increase in gas price may impact Pakistan cement industry23 December 2019, Published under Cement NewsPakistan's government intends to increase gas prices effective from 1 January 2020 for all types of commercial consumers, including the cement industry. A research house anticipates a large gas price increase, which could eat into the margins for a range of sectors such as cement, chemicals, fertiliser and textiles. The proposed prices hike will be considered by the petroleum division, which will then forward their proposal to the Economic Coordination Committee (ECC), Government of Paki... |
Gas prices lowered in Egypt for cement sector04 October 2019, Published under Cement NewsEgypt has reduced the domestic price of gas for the cement, metals and ceramic industries, said Prime Minister, Mostafa Madbouli. Gas prices will continue to be reviews, but the cement industry will have a set price of US$6/mBtu down from US$8m/Btu, while metals and ceramics will pay US$5.50/mBtu down from US$7m/Btu. Egypt has also started to link energy prices to the international market as part of subsidy-cutting reforms in line with recommendations from the International Monetary Fund. |
Increase in gas price impacts cement cost in Bangladesh08 July 2019, Published under Cement NewsBangladesh's government has increased gas prices for the industrial sector including the cement industry, effective from 1 July 2019. The new price hike came in response to the demands of different gas utility companies. The Bangladesh Energy Regulatory Commission (BERC) declared an average price hike of 32.8 per cent for all users. The increase in gas prices, coupled with some tax measures in the budget 2019-20, have started to impact the manufacturing costs of cement in Bangladesh, says... |
Pakistan's cement industry faces additional challenges18 September 2018, Published under Cement NewsPakistan's Finance Minister and chair to the Economic Coordination Committee (ECC), Asad Umar, has announced an increase in gas tariffs for all industrial sectors from 10 to 143 per cent, to take effect from October. The ECC approved a rise in gas prices for a range of sectors, including the cement industry, which is expected to see the cost of gas rise by 30 per cent from PKR750/mmBtu (US$6.05/mmBtu) to PKR975/mmBtu. In addition, it is expected that Mr Umar will present a 'mini-budge... |
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