Month: January 2020

Take your SSGC December gas bills out. Pay them. You are likely to be paying or have already paid a significantly higher amount. And that makes fair sense. Temperatures have dropped, you are using the “luxury” of geysers. More importantly, the tariffs have also increased considerably from last year. What is the fuss then? Tariff increase is at least half a year old. BR Research has noticed some interesting and seemingly “not-so-innocent” instances of fishy-goings in the latest SSGC bills. Few examples of real cases will help. So there is…

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KARACHI: The K-Electric said on Friday that the figures ranging from Rs4 upwards being circulated in media circles as an increase in consumer bills were misleading. A spokesperson for the power utility said: “Some news channels and publications have quoted the figure of more than Rs4 increase in the end consumers’ monthly bills, which is incorrect”. He said it was the ministry of energy (MoE), which had the authority to notify how much would be passed on to consumers and over which period of time that amount was to be…

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ISLAMABAD: To ensure a belated compliance with the targets of International Monetary Fund (IMF), the government is set to recover additional cost of losses from consumers by imposing new surcharges aimed at financing power sector loans and generate more than Rs250 billion in annual revenue. As a first step, a meeting of the Economic Coordina­tion Committee (ECC) of the Cabinet has been convened on Monday (today) to seek approval for introduction in parliament amendments to the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997 to address about…

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LAHORE: The board of directors of the Sui Northern Gas Company Limited (SNGPL) has approved construction of sales meter stations around the city to overcome low gas pressure in various localities. At least three sales meter stations (SMS) will be constructed at a cost of Rs5.7 billion, says a spokesperson for the SNGPL. He says that 48-km long pipeline of 24 inch radius will be laid from Phoolnagar up to Suay Aasil and from there 27-km-long and of 16-inch radius pipeline will carry gas up to Burki Road. From Burki…

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MINSK: Russia has stopped shipping oil to Belarus, said the Belarusian state energy firm on Friday, after the two countries failed to reach a deal on supplies by a Jan 1 deadline. Moscow said oil flow through Belarus — a key transit route for Russian oil and gas to Europe — was continuing. But a dragged-out dispute could threaten supplies. Belneftekhim said in a statement that loading to Belarus’s two oil refineries had been reduced to a technical minimum after supplies from Russia were halted. “Work is ongoing on concluding…

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