Year: 2022

The federal government has once again dropped “petrol bomb” on masses by increasing the prices of petroleum products by up to Rs12.03 per litre.With the latest hike, the prices of petroleum products have reached a historic high. New prices will be applicable from Tuesday midnight.The new fuel prices will remain applicable till February 28, read an official notification.According to the notification, petrol price has been increased by Rs12.03 per litre and high speed diesel price by Rs9.53 per litre. Similarly, the price of light speed diesel has risen by Rs9.43…

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SLAMABAD: The government is working to establish Debt Management Office (DMO) in the Ministry of Finance for effective planning and execution of related functions, WealthPK reported.According to a brief of the Ministry of Finance on a bill titled Fiscal Responsibility and Debt Limitation (Amendment) Act, 2021, a copy of which is available with INP-WealthPK, in order to strengthen the Debt Policy Coordination Office (DPCO) and transform it into DMO with mandate and resources for effective planning and execution of debt management functions, amendment to the Fiscal Responsibility and Debt Limitation…

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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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