Year: 2023

Minister of Energy held a meeting with leadership of SOCAR Trading in Dubai

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SOCAR

Minister of Energy held a meeting with leadership of SOCAR Trading in Dubai with their int’l teams from London and Geneva joining virtually. Building on the success of procurement of the LNG cargo arriving in December under the G to G framework agreement between Pakistan LNG and SOCAR, both sides agreed to further enhance the cooperation to meet Pakistan’s energy requirements in a cost effective manner. SOCAR delegation was led by CEO SOCAR Trading Ms. Mariam Almaszade.

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OGRA DETERMINES LPG PRICE

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OGRA

Islamabad. The Oil and Gas Regulatory Authority (OGRA) in accordance with the Policy Guidelines of the Federal Government has determined the maximum price of Liquified Petroleum Gas (LPG) effective from December 1st, 2023 as under:Notified LPG Producer prices Rs. / Ton Rs / 11.8 kg CylinderDecember -2023 ( w.e.f 01-12-2023) 213,560.49 2,520.01November -2023 209,731.22 2,474.83Increase / (Decrease) 3,829.27 45.18 Notified LPG Consumer prices Rs. / Ton Rs / 11.8 kg CylinderDecember -2023 ( w.e.f 01-12-2023) 254,860.49 3,007.35November -2023 251,031.22 2,962.17Increase / (Decrease) 3,829.27 45.18The LPG producer price is linked with…

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Caretaker PM arrives in Dubai to attend COP-28

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Anwaar-ul-Haq

DUBAI, Nov 29 (APP): Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday arrived in Dubai, United Arab Emirates to attend the 28th United Nations Conference of Parties (COP-28). Minister for Justice of the United Arab Emirates Abdullah Sultan bin Awad Al Nuaimi, Pakistan’s Ambassador to the UAE Faisal Niaz Tirmizi and the Pakistani diplomatic staff welcomed the prime minister at Dubai’s Al-Maktoum airport, PM Office Media Wing said in a press release. Caretaker Prime Minister Kakar will head the Pakistani delegation at the 28th Conference of Parties (COP-28), besides he would…

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KE’s tariff adjustment period: Nepra issues addendum to clarify its decision

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k-electric

ISLAMABAD: The National Electric Power Regulatory Authority has issued addendum to clarify its decision about K-Electric’s tariff adjustment period. The Authority, pursuant to the judgment of the Supreme Court of Pakistan of January 19, 2023, issued its decision in the matter on October 31, 2023. Nepra reserves verdict on KE’s pleas for 20-year licences The decision was intimated to the federal government for notification in light of Section 31 of NEPRA Act.

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At the rate of Rs3.53/unit for Oct 2023: Nepra agrees to allow Discos to recover Rs32.7bn additional amount

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Nepra-KE-1

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday agreed in principle, to allow Discos to recover additional amount of Rs 32.7 billion at the rate of Rs 3.53 per unit from their consumers for October 2023 under the garb of previous adjustments. During the public hearing a representative of CPPA-G, Naveed Qaisar stated that positive impact of FCA in October 2023 was Rs 7.45 per unit against Rs 7.65 per unit of reference FCA, which implies that FCA’s impact was negative paisa 20 per unit. However, with addition…

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