Day: October 8, 2026

KARACHI: The Directorate General Petroleum Concessions (DGPC) has asked exploration and production (E&P) companies to provide oil and gas production and sales data as part of the government’s ongoing initiative to digitise petroleum-sector workflows. In a letter to the Pakistan Petroleum Exploration and Production Companies Association (PPEPCA), the Petroleum Division said production reporting by E&P companies was not being carried out according to the prescribed DGPC template. The division noted that although a few companies initially adopted the template for submitting the required information, they later stopped providing data in…

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved a Rs1.1086 per unit fuel cost adjustment (FCA) for electricity consumed in August, which will be recovered from eligible consumers through their October 2026 electricity bills. The adjustment is lower than the Rs1.7267 per unit initially sought by the Central Power Purchasing Agency-Guarantee (CPPA-G). According to Nepra, the approved adjustment reflects the difference between the actual fuel cost of Rs8.2084 per unit and the reference fuel cost of Rs7.0998 per unit. The FCA will apply to consumers of all categories…

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ISLAMABAD: The federal government has initiated measures to strengthen the National Electric Power Regulatory Authority (Nepra) as Pakistan’s power sector undergoes significant changes driven by rapid solarisation and shifting electricity demand patterns. Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired the second meeting of the Steering Committee on Power Sector Regulatory Regime at the Finance Division on Wednesday to review progress on reforms aimed at strengthening the regulatory framework and promoting efficiency, investment, competition and greater private-sector participation. The committee received an update on the ongoing transformation of…

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BRUSSELS: The International Energy Agency (IEA) has agreed to accelerate the release of emergency oil stocks and prioritise diesel supplies as governments seek to tackle record fuel prices and supply disruptions linked to the Iran war. The decision follows an IEA programme launched in March to release 400 million barrels of oil stocks in response to shortages and rising prices. The agency said around 100 million barrels committed under the initiative have yet to reach the market. “Member governments expressed support for accelerating the oil stock releases announced in the…

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FAISALABAD: Faisalabad Electric Supply Company (FESCO) has launched a comprehensive electricity conservation campaign across all districts within its service area on the special directives of its Chief Executive Officer (CEO), Engr Muhammad Aamer. The campaign aims to encourage consumers to use electricity responsibly and efficiently while discouraging unnecessary consumption and wastage. Speaking on the occasion, CEO FESCO Engr Muhammad Aamer said electricity conservation was a national responsibility and even small changes in consumers’ daily habits could collectively result in significant savings. He said every unit of electricity saved through responsible…

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