Year: 2021

At least 609 fuel stations sealed in crackdown against ‘oil smugglers’

Admin

Days after the federal cabinet green-lighted a major drive against oil smuggling in the country, the anti-smuggling squad of the interior ministry sealed 609 petrol filling stations and about 4.5 million litres of petrol and diesel on Friday. According to an official statement, the officials of the interior ministry swung into action against the oil smugglers, sealed petrol pumps and seized petrol and diesel under the campaign. The statement said that Interior Minister Sheikh Rashid is conducting the operation against the oil smugglers on the directives of Prime Minister Imran…

Read More

LNG price boom set for fall as warmer weather looms in Asia

Admin

SINGAPORE: The breathtaking rally in liquefied natural gas (LNG) is likely set for a fall in coming weeks as a cold spell in Asia gives way to milder weather and lower heating demand, traders and analysts said. Spot LNG prices have jumped by nearly 200% in the last month as freezing temperatures across North Asia boosted demand and depleted inventories. Over the last six months, they have soared by a dizzying 1,000%. “Once temperatures rise and more LNG supply returns to the market, the rally should ease,” said Chong Zhi…

Read More

Inquiry committee formed to probe nationwide outage

Admin

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday constituted a three-member committee to probe into the major power breakdown that plunged the whole country into darkness last weekend. In a notification issued here on Thursday, Nepra said that the inquiry committee comprising two private sector experts would be required to submit a report to the regulator within 15 days (till Jan 29). The committee is led by Nepra’s Director General Nadir Ali Khoso and comprised of former manager of the National Transmission and Dispatch Company (NTDC) Manu Ram…

Read More

Sindh seeks federal approval for five wind power projects

Admin

HYDERABAD: Sindh Minis­ter for Energy Imtiaz Ahmed Sheikh has urged his federal counterpart Omar Ayub to ensure issuance of notification for five wind power projects, to be installed by independent power producers (IPPs) in the province, to encourage investors and promote clean power industry. The minister said in a letter to the federal minister on Thursday that tariffs of the five wind power projects in Sindh had not been notified yet in the Gazette of Pakistan. He said that a delegation of local and foreign investors had contacted Sindh’s department…

Read More

Govt decides to increase power tariff by Rs1.90

Admin

ISLAMABAD: In a move towards reviving the International Monetary Fund (IMF) programme, the government has decided in principle to increase the electricity rates by about Rs1.90 per unit in the current billing month. A formal announcement to this effect is expected to be made over the next couple of days. A federal minister told Dawn that a news conference had been called to explain the rationale behind the tariff increase but was called off at the last minute on the instructions of the Prime Minister Office. The government had called the news…

Read More