Month: March 2024

LNG diversion leads to gas price hike

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Gas-Prices

LAHORE:Sui Northern Gas Pipelines Limited (SNGPL) has emphasised that the cost of human resources accounts for only 4% of the total gas price, where 94% is the cost of gas and the remaining is the return on capital expenditure.According to an SNGPL spokesperson, one of the key reasons behind the increase in gas prices is the continuous depletion of domestic gas resources, which has necessitated the diversion of re-gasified liquefied natural gas (RLNG) to domestic consumers, particularly during winter. The average cost of RLNG is about Rs3,500 per million British…

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Nepra allows Rs2.75/unit increase in quarterly adjustment for April-June

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NEPRA-KE

The National Electric Power Regulatory Authority (Nepra) on Thursday allowed the federal government to go ahead with a quarterly tariff adjustment of Rs2.75 per unit for all consumers across the country for three months — April to June — with additional revenue impact going beyond Rs85 billion.The increase was allowed under quarterly tariff adjustment (QTA) for the second quarter — October to December 2023 — of the current fiscal year.The Ministry of Energy’s Power Division said electricity bills would be reduced by Rs1.68 per unit compared to last month as…

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Consumers to face Rs7.63 per unit additional fuel costs for Feb

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Nepra-KE-1

ISLAMABAD: Flabbergasted by the non-compliance of its orders and the rising fuel costs, the National Electric Power Regulatory Authority (Nepra) on Thursday expressed concern that the impact of fuel costs for February consumption actually meant a Rs7.63 per unit tariff increase, instead of the Rs5 per unit sought by power companies in their petitions.At the same time, the regulator advised the government to restructure its tariff regime, under which industrial sector was paying about Rs8 per unit higher rate to provide about Rs244 billion annual subsidies to domestic consumers.“It is…

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Gulf Nations Eye Purchase of Pakistan’s National Carrier, PIA

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PIA-Airlines

Saudi Arabia, the United Arab Emirates, and Qatar have emerged as prospective purchasers for Pakistan International Airlines (PIA), displaying keen interest in acquiring the country’s flagship carrier. This development unfolds against the backdrop of the Pakistani government’s push to privatize PIA as part of its efforts to tackle financial challenges. Government officials have reportedly engaged in discussions with top-level representatives from these Gulf nations, providing them with comprehensive briefings on the potential acquisition. Insider sources disclose an escalation in communication between authorities from the Gulf region and the Pakistani government…

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Abettors of electricity theft will be given exemplary punishment, warns PM

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Pakistan-Navy

Govt decides to install smart meters on transformers under PSDP n Shehbaz Sharif lauds Pakistan Navy for safeguarding country’s maritime interests n APNS delegation calls on PM n Shehbaz Sharif assures to resolve issues faced by journalist community. ISLAMABAD  –  Prime Minister Shehbaz Sharif Thursday chaired a high level meeting to control electricity theft and directed the con­cerned authorities to take immediate disci­plinary action against the officers besides awarding exemplary punishment for abetting the crime causing loss of billions of dollars. He said, it was their responsibility to create a…

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