Author: Admin

**PM Directs Ogra Overhaul, Digital Fuel Monitoring to Curb Hoarding**

Admin
OGRA

  **ISLAMABAD:** Prime Minister **Shehbaz Sharif** has directed the Oil and Gas Regulatory Authority (Ogra) to undertake comprehensive institutional reforms and establish a nationwide digital fuel movement monitoring system, modelled on the Federal Board of Revenue’s (FBR) modern tracking framework, to curb fuel hoarding, improve transparency, and strengthen regulatory oversight. Chairing a high-level meeting on Thursday to review Ogra’s reform agenda and institutional capacity, the prime minister stressed that the government’s reform programme must be implemented uniformly across all public institutions. He instructed authorities to deploy advanced technology and digital…

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**Power Division Advisor Proposes ToU Net Metering to Accelerate BESS Adoption**

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Net-Metering

  **ISLAMABAD:** Power Division Advisor **Syed Faizan Ali** has proposed the introduction of **Time-of-Use (ToU) net metering and net billing**, offering enhanced evening discharge rates of **Rs18–22 per kWh** between **5:00 pm and 10:00 pm** to encourage the deployment of Battery Energy Storage Systems (BESS) and reduce peak-hour electricity procurement costs. The proposal comes as Pakistan’s annual evening peak electricity demand has surpassed **26,000 MW**, highlighting the growing need for energy storage solutions to support grid stability. The recommendation is part of Faizan’s market intelligence report, **“Li-Ion Battery & BESS…

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**LESCO Reduces NEPRA-Related Losses by Rs58 Billion in Two Years**

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New-LESCO

  **LAHORE:** The Lahore Electric Supply Company (LESCO) has reduced its NEPRA-related financial gap from **Rs79 billion to around Rs21 billion** over the past two years, generating cumulative savings of more than **Rs58 billion** for the national exchequer. According to a statement issued by the Power Division on Friday, LESCO also achieved a **recovery rate of 101.05%**, surpassing the National Electric Power Regulatory Authority’s (NEPRA) regulatory benchmark of 100% for the first time in the company’s history. The utility further recorded a significant decline in distribution losses, bringing them down…

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PM Shehbaz orders audit of power firms’ billing systems

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power firms

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday ordered comprehensive technical audit of billing systems of power distribution companies (Discos) and stressed that power sector reforms remained among the government’s foremost priorities. Presiding over a review meeting on power division issues here, the prime mi­­nister said as performance of the distribution companies had improved considerably, but more efforts were still required. He termed the countrywide installation of smart meters indispensable for the sector’s turnaround, a Prime Minister’s Office news release said. The prime minister said strict measures should be enforced at…

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oil benchmark seen gaining as Middle East supply disruptions persist: Reuters poll

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oil price

July 31 (Reuters) – Oil prices are expected to rise further this year as shipping ​disruptions in the Strait of Hormuz and attacks in the Red Sea by Iran-backed Houthis threaten oil ‌flows and heighten supply risks, a Reuters poll showed. The July survey of 31 economists and analysts forecast that Brent crude would average $85.22 a barrel in 2026, up from June’s forecast of $84.50. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. U.S. crude is projected to average $80.14…

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