Month: January 2020

Year 2019 ended with some pain and gain. The government of Pakistan Tehreek-e-Insaf (PTI) may term it a year of success but it also added to the misery of the common man. A jolt to consumers came when the government agreed to increase energy prices under a $6-billion loan package secured from the International Monetary Fund (IMF). However, there had been no abnormal increase in international crude oil prices, which went up from $54 to $64 per barrel during the year. But at the same time, the rupee depreciated massively…

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has allowed K-Electric a hefty increase of around Rs4.8 per unit in power tariff on account of quarterly tariff adjustment as consumers and the government will be paying extra Rs106 billion. In a statement issued on Tuesday, Nepra said the authority, based on the information, data and record provided by K-Electric, approved the quarterly adjustment claims of the power utility for the period Jul-Sept 2016 to Jan-Mar 2019. With the tariff revision, K-Electric will receive Rs106 billion from the consumers and the government,…

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ISLAMABAD: The government on Tuesday increased fuel prices for January, raising the petrol price to Rs116.60 per litre with the increase of Rs2.61, while app­roving the recommendations made by the Oil and Gas Regulatory Authority (Ogra). A notification issued by the finance ministry says that the new rate for the most widely used fuel consumed in large vehicle engines and generators — High Speed Diesel (HSD) — has been raised by Rs2.25 to Rs127.26 per litre. An official of the state-owned oil company PSO said that January was not the…

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