Year: 2023

Petrol and diesel: Exchange adjustment rate for PSO kept at Rs4.24, Rs2.62 per litre

Admin
Petroleum-prices

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has kept Rs4.24 and Rs2.62 per litre exchange adjustment rate for Pakistan State Oil (PSO) on both petroleum products – petrol and high-speed diesel (HSD)- for the first half of September. The same rate was applicable during the second half of August 2023. The interim government had raised the petrol price by Rs14.91 per litre, while the price of HSD had been jacked up by Rs18.44 per litre. The new petrol price is at Rs305.36 per litre and HSD is now costing…

Read More

Power projects under CPEC: Contract renegotiation proposals may again be floated

Admin
CPEC-IPPs

ISLAMABAD: Pakistan is likely to again float proposals to Chinese government for renegotiation on contracts of power projects established under CPEC on the pattern of other IPPs or to purchase 1200-MW electricity from Pakistan for onward supply to power deficient Afghanistan. This idea is under active consideration at the highest level due to rising exceptional capacity payments, which has choked the entire power sector and is the main reason behind the inflated bills to consumers. According to sources, overdues/receivables of CPEC IPPs are now Rs 300 billion despite the fact…

Read More

Karachiites Likely to Face Another Massive Hike in Electricity Bills

Admin
KE

An appeal for a price hike in electricity rates in Karachi has been formally submitted, with a request for an increment of 10 rupees and 32 paise per unit. The application, directed to Nepra, encompasses three separate quarterly adjustments for the fiscal year 2022-23.In the submission presented by the government to Nepra, the initial quarterly adjustment for the period of October-December 2022 has sought a raise of 47 paise, while the subsequent quarterly adjustment for July-September 2022 is targeted at an increase of Rs 4.45 per unit. The application forwarded…

Read More

Provinces, LEAs to be taken on board: PM asks power sector to act against defaulters

Admin
Anwaarul-Haq

ISLAMABAD: Caretaker Prime Minister Anwaar ul Haq Kakar has asked the power sector to take immediate action against electricity defaulters in collaboration with the provinces and law enforcement agencies. A review meeting of the power sector was presided over by the caretaker prime minister which was attended by Federal Minister for Power, Muhammad Ali, Adviser to the Prime Minister, Ahad Khan Cheema and senior officials concerned. The caretaker premier was given a detailed briefing on the electricity sector, the overall production capacity of electricity, production and delivery throughout the year…

Read More

Iran ready to support for energy needs of Pakistan

Admin
Muhammad-Ali

Islamabad. Ambassador of the Islamic Republic of Iran to Pakistan H.E. Dr. Reza Amiri Moghaddam called on Caretaker Federal Minister for Power and Petroleum Muhammad Ali today in Islamabad. Both sides discussed areas of mutual interest and promotion of brotherly relations between two countries.The Energy minister welcomed the Iranian ambassador and expressed his resolve for further strengthening the ties. Ambassador extended his good wishes for the minister upon assuming new portfolio. Muhammad Ali remarked that Iran and Pakistan have huge potential for cooperation in energy sector. “We are keen to…

Read More