Year: 2021

The cost of power generation in the country has increased by 60% — the rate of a unit going up by Rs6.42 in the last one year. According to documents, the cost of generating electricity using diesel, furnace oil, coal, LNG and gas has significantly jacked up. In the last one year, the cost of generating electricity on diesel went up by Rs3.19 per unit.The cost per unit from diesel increased from Rs19.43 to Rs22.62. Electricity produced using natural gas went up by 62 paisas per unit against last year.…

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The partial approval of refinery policy is followed by another controversy in the sector as the chairman of Expert Group on Petroleum has suggested to the government to shut down three refineries, namely Pakistan Refinery, National Refinery and Byco Petroleum. The three refineries are producing jet fuel and kerosene oil to meet strategic requirements of the country. At present, Pakistan has five refineries and the other two are Parco and Attock Refinery. The official is betting on the construction of new refineries pledged by Saudi Arabia and the United Arab…

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Consumers’ bills have spiralled here in recent months, with the cost of electricity increasing 35% over the last year and nearly 8% in August alone. Energy prices in Spain are closely tied to the wholesale gas market, so the price per megawatt hour for consumers has repeatedly hit new highs recently. “I was paying about €40 (£34) per month and now I’m paying around €60,” said Amparo Vega, who has a newspaper kiosk in central Madrid. Earlier this month, the coalition government of Socialist Prime Minister Pedro Sánchez unveiled a…

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