Day: July 14, 2025

Fuel prices expected to rise for next 15 days

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Petroleum prices

At the time of reporting, the proposed hike includes a Rs6.60 per litre increase in petrol and a Rs5.27 per litre rise in high-speed diesel (HSD). Conversely, the prices of kerosene and light diesel may see reductions of Rs3.74 and Rs2.23 per litre, respectively. The Oil and Gas Regulatory Authority (OGRA) has completed its work based on the latest global market trends, and a final summary will be submitted to the government by tomorrow. The oil industry has already shared its calculations with the regulator. Sources confirmed that the final…

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Oil steadies near three-week high on signs of tighter supply

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Oil prices

LONDON: Oil prices steadied on Monday, holding close to their highest level in three weeks, as investors eyed further U.S. sanctions on Russia that may affect global supplies, while tariff uncertainty weighed. Brent crude futures rose 16 cents, or 0.2%, to $70.52 a barrel by 1326 GMT, while U.S. West Texas Intermediate crude futures climbed 12 cents, also 0.2%, to $68.57. Higher crude imports by China and expectations around U.S. President Donald Trump’s announcement on Russia are supporting prices, UBS analyst Giovanni Staunovo said. “There is still a perceived tightness…

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Centre’s policies stalling Sindh’s energy sector growth: Sharjeel

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Sharjeel-Memon

olds vast untapped resources capable of pulling Pakistan out of its persistent energy crisis, but federal government policies are stalling the province’s energy sector growth. Speaking to the media, Memon emphasised that respecting provincial autonomy and giving Sindh authority proportionate to its resources could spark an energy revolution. He pointed out that over the past six years, 30 million tonnes of coal from Thar had been supplied to IPPs, generating 31 gigawatts of electricity, lighting up over 3 million homes. “Thar coal can fulfil Pakistan’s power needs for decades,” said…

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KP asks centre to retain its two HPPs on IGCEP 2025-35

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Global-Hydropower

PESHAWAR: The KP government has asked the federal government to retain its two public sector energy projects i.e. Madyan Hydropower Project and Gabral Kalam HPP on Indicative Generation Capacity Expansion Plan (IGCEP 2025-35) prepared by the ISMO (System Operator). For this purpose, the Special Assistant to KP Government on Energy and Power Department, Tariq Saddozai has written a formal letter to the Federal Minister for Energy and Power, Sardar Owais Ahmad Leghari. The content of the letter said that the provincial government has expressed surprise over the unilateral altering of…

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PM to Review Revised Solar Policy Featuring Gross Metering and Lower Buyback Tariff

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solar-energy

ISLAMABAD: The federal cabinet is set to be briefed shortly on a revised national solar policy that proposes a shift from net metering to gross metering, with a significantly reduced buyback tariff for new rooftop solar users. Under the proposed policy, consumers installing rooftop solar panels after the new regulations come into effect will receive a buyback rate equal to one-third of the base electricity tariff. For FY2025-26, with NEPRA setting the base tariff at Rs34 per unit, the proposed buyback rate stands at Rs11.33 per unit. This may rise…

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