Month: June 2024

Latest Petrol Price In Pakistan

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Petroleum-prices

The government on Friday slashed the prices of petrol and high-speed diesel (HSD) for the next fortnight by Rs10.2 and Rs2.33, respectively. In a notification, the finance ministry said the prices of petroleum products had seen a mixed trend in the international market in the last fortnight. It said Ogra had worked out the consumer prices based on the international market price variations. It said the new petrol price was Rs258.16 per litre and that of HSD was Rs267.89. The Prime Minister’s Office termed the reduction a gift from the…

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NPCC to Send Engineers to China for Transmission Line Stability Study

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Power-distribution

ISLAMABAD: The National Power Control Centre (NPCC) is set to send two engineers to China to study the Stability Control System (SCS) of the north-south transmission line after the Chinese company M/s PMLTC refused to send its engineers to Pakistan due to security concerns following the Dasu Project attack. Sources revealed that M/s PMLTC has installed the SCS for the HVDC system, which stabilizes the system during disturbances by tripping generation and load in the network. This system requires periodic simulation studies to determine safe power transfer limits from south…

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Unresolved Tariff Issues Hinder US Investment in Pakistan’s Wind Projects

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wind-energy

ISLAMABAD: A delegation from the United States Treasury Department, led by Assistant Secretary Brent Neiman, addressed critical power sector challenges during their visit to Islamabad, focusing on issues such as circular debt and tariffs for wind projects. The delegation’s two-day visit aims to assess Pakistan’s economic situation, the potential for a new IMF program, and the overall business and investment environment. Sources indicate significant disputes between Washington and Islamabad regarding wind project tariffs. The US has communicated that until the tariff issues for the existing five wind power projects are…

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ECC Approves Rs9 Billion for Clearing OMCs’ Price Differential Claims

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ECC-PSO

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the release of Rs9 billion to clear outstanding price differential claims of Oil Marketing Companies (OMCs), including Pakistan State Oil (PSO). The decision was made during an ECC meeting chaired by Finance Minister Muhammad Aurangzeb. The Petroleum Division’s proposal to allocate Rs9 billion for the payment of these claims was approved, addressing the financial backlog faced by the OMCs. The ECC meeting also sanctioned several Technical Supplementary Grants (TSGs) amounting to around Rs244 billion for various ministries and divisions.…

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NPCC Reduces RLNG Demand for Power Generation from July to September 2024

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lng-usa

ISLAMABAD: The National Power Control Centre (NPCC) has announced a reduction in the demand for Regasified Liquefied Natural Gas (RLNG) for power generation for the period from July to September 2024. This decision follows a pattern of reduced load in recent months, according to well-informed sources at Business Recorder. Despite substantial load shedding due to a significant gap between power generation and demand, NPCC has revised RLNG allocations downward. This move is controversial, as it contradicts NEPRA’s regulations regarding revenue-based load shedding across the country. In a letter to the…

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