Month: March 2021

Local LPG price increases by Rs21.78 per 11.8-kg cylinder The new p

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Oil and Gas Regulatory Authority (OGRA) on Monday issued a price-revision notification of Liquefied Petroleum Gas (LPG) for the month of March. According to the notification, the authority increased the locally produced LPG price by Rs 21.78 per cylinder of 11.8 kilograms. After the revised price, the cylinder would be sold in the open market at Rs1,884.92 during the current month, which was available at 1,863.14 in the last month. Whereas, the per Metric Ton (MT) LPG rate has been fixed at Rs159,738.70 for the month of March.

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Bitcoin mining: A solution to Pakistan’s new energy problem?

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After decades of shortfall, Pakistan is facing a new energy conundrum. We are producing a lot more energy than we need but without a distribution and grid system, we have no way to make use of this energy. I know some of you might have lost this one in the list of problems such as circular debt, IPP power contracts, and the frequent changes and discussions about energy tariffs. Others might even find it hard to believe that we’re producing more than we need as the excruciating memory of load shedding…

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POL prices unchanged as PM rejects OGRA’s proposed hike

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rime Minister (PM) Imran Khan has rejected a summary of the Oil and Gas Regulatory Authority (OGRA) for increasing petroleum prices from about Rs6 to Rs7 per litre. The news was announced by Special Assistant to the Prime Minister (SAPM) on Political Communication, Dr Shahbaz Gill, in a tweet uploaded on Sunday. “OGRA proposed to increase the price of petroleum products from about Rs6-7 per litre. Prime Minister Imran Khan did not accept this proposal. There has been no increase in the prices of petroleum products. Despite the continuous rise…

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Huge potential for solar and wind in Pakistan

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Around 3 years ago the general view in the Pakistan electricity sector was that solar and wind power (together termed “variable renewable energy,” or VRE) should not be allowed to go above 5% of Pakistan’s installed capacity. This view was in part due to fears of the variability of solar and wind and their impact on the proper functioning of the grid, but underlying it was also a concern that they would further burden the power sector with high generation costs. The result was a reluctance to issue Power Purchase Agreements (PPAs)…

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Private LNG import likely to start in April, May

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The award of unutilised Liquefied Natural Gas (LNG) terminal capacity is currently in process, following which the private sector is likely to start the import of LNG in April or May. According to a senior official privy to petroleum sector developments, a similar trend of importing LNG through private firms may be seen in the future. At present, the official said, the re-gasification volume is at around 1,000 Million Cubic Feet per Day (MMCFD) against the total existing capacity of around 1,200 MMCFD gas.“So, the government has no serious concern…

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