Day: August 30, 2022

The government has raised the liquefied petroleum gas (LPG) rates by Rs20 per kg for the current month. The domestic LPG cylinder will now cost Rs 250, while the Rs50 per kg price increased in hilly, remote, and rural areas unjustifiably, and LPG price jacked up in rural areas by Rs.270 per kg. According to details, Oil and Gas Regulatory Authorities (OGRA) increased LPG prices by 240 per kg in major cities of Pakistan. The LPG Distributors Association Chairman Irfan Khokhar’ said in a statement that despite the abundance availability…

The petroleum industry in Pakistan has the potential to grow substantially but the long-standing issues of excessive regulation and government-controlled fuel prices have held this industry back, which I explored in my previous column. Prices of fuels like petrol and diesel must be fully deregulated. Instead of determining prices, the government should concentrate on collecting taxes from fuel sales to meet its revenue targets. In a market where prices are determined by supply and demand, there won’t be any perplexing and unexplained deviations in price formulation that may eventually hurt…

The Oil and Gas Regulatory Authority (OGRA)’s promotion of gas liberalisation by engaging the private sector to avail additional LNG capacity at terminal-II is constantly opposed by the Sui Northern Gas Pipeline Limited (SNGPL). Since the TPA Rules-2012 for gas code for private sector import were in suspension and revised TPA rules were not notified at that time, the matter was deferred till notification of revised third-party access rules. One of the four private sector LNG marketing companies having provisional licences from the OGRA, Universal Gas Distribution Company (Private) Limited,…

The gas crisis in Karachi persists as the Sui Sorthern Gas Pipelines Limited (SSGPL) has suspended gas supply to the general industry and captive power plants for 24 hours till 8am on Monday. It is to be noted here that gas supply to the CNG sector was already suspended since Friday 8am, and it will be restored on Monday 8am after the suspension of 72 hours. “Load management is being undertaken to provide continuous gas supply to the domestic consumers on a priority basis,” said the SSGPL authorities. “The shortage…