Day: February 14, 2022

The Oil and Gas Regulatory Authority (Ogra) Saturday notified weighted average sale prices without GST on LNG for the last two months (January-February) for consumers, excluding domestic sector. According to the notifications, the price of LNG for January at transmission stage has been determined at $11.7092 per mmbtu and $11.5439 per mmbtu for February. The rates of LNG for consumers are $14.2803 per mmbtu and $14.0783 per mmbtu for January and February, who are using the Sui Southern Gas Company (SSGC) system. The transmission rate of LNG for the Sui…

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The Oil & Gas Regulatory Authority (Ogra) on Saturday increased the ratio of line losses for gas utility companies up to 300 per cent on liquefied natural gas (LNG), which will be paid by small users, including domestic consumers, hotels and the CNG sector. Ogra notified weighted average sale price of LNG without GST for last two months (January-February) for consumers. Distribution losses for Sui Southern Gas Company (SSGC) have been enhanced to 18.28pc from January, which were 6.30pc in December 2021. Similarly, distribution losses have been allowed up to…

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Prime Minister Imran Khan Monday said the new under-construction mega dams would double the water storage capacity of Pakistan and would help address the issues related to climate change. Speaking at a seminar here on hydropower development, he said China had constructed 5000 dams but Pakistan had only two dams built in the 1960s. “Due to this negligence, Pakistan suffered losses. As Pakistan is using imported fuel for electricity generation, whenever petrol prices go up in the international market, electricity prices also rise in Pakistan and the burden increases on…

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Energy Minister Hammad Azhar encourages GIZ to undertake pilot projects based on Biofuels and Renewable energy sources A high level delegation of Germany led by State Secretary Jochen Falsbarth held extensive meeting with Pakistani delegation led by Minister for Energy Hammad Azhar here today. Minister for Energy has encourages German development agency GIZ to undertake pilot projects based on Biofuels and renewable energy sources in all provinces of Pakistan. Both sides discussed various aspects of renewable energy resources and clean energy technologies in Pakistan and German cooperation in this sector.…

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The acceleration in international geopolitical tensions over the Ukrainian crisis sent the international Brent oil price surging by 5% to sevenand-half-year high at $95 per barrel on Friday. If Russia invades Ukraine, as being speculated by the US, then the petrol price would spike to Rs200-225 per litre in Pakistan. The next three to four days are very critical for the world, including Pakistan. “If Russia attacks Ukraine, then oil price is expected to shoot to $125 per barrel in the global markets,” said AA Gold Commodities Director Adnan Agar…

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