Sunday, 22 November 2015

Afghan Government promises to cut Gas prices

Afghan Minister of Commerce and Industries Humayoon Rasa pledged on Saturday to reduce gas prices in coming days. He was summoned by the Lower House or Wolesi Jirga to explain the sudden hike in gas prices. Gas price in capital Kabul has reached 60 AFN per kilo, compared to only 30 AFN (67 AFN = 1 USD) a few months ago. Minister Rasa said his ministry has purchased 372,000 tons of gas from Russia, Azerbaijan and Turkmenistan to meet the rising demand for gas as winter is approaching. Ministry of Commerce and Industry of Afghanistan recently signed contracts to purchase 150,000 tons of liquified gas from Turkmenistan, 72,000 tons from Russia, and 150,000 tons from Azerbaidjan. Prices would decline when more supplies enter the market, said the Minister. The demand for gas rises considerably during winter seasons as most Afghans rely on gas heaters to warm up their houses.

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