Author: Admin

Petrol Tax Hike Likely to Cushion Expected Diesel Price Increase

Admin
Petroleum-prices

ISLAMABAD: The government may once again raise taxes on petrol to soften the impact of a sharp increase in diesel prices expected later this week, as authorities seek to contain inflationary pressures. Informed sources said that although international crude prices have edged up slightly amid regional tensions, high-speed diesel (HSD) prices remain elevated for the remainder of the current fortnight. As a result, prices of HSD, kerosene and light diesel oil (LDO) are projected to rise in the upcoming price revision on January 31. Based on existing tax rates, ex-depot…

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PM Shehbaz Announces Rs4.4 per Unit Cut in Power Tariff for Industries

Admin
Power Consumers

Prime Minister Shehbaz Sharif on Friday announced a reduction of Rs4.4 per unit in electricity tariffs for the industrial sector, aiming to boost productivity, competitiveness and exports. Addressing leading exporters and business figures at a ceremony in Islamabad, the premier said the relief would ease cost pressures on industries, adding that if it were possible, he would have reduced tariffs by a further Rs10, but constraints limited the move. He also announced a cut in wheeling charges to below Rs9 per unit, enabling industries to sell surplus power to neighbouring…

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Power Bills Set to Rise as Consumers Face Rs1.41 per Unit Hike in February

Admin
power-transmission

ISLAMABAD: Electricity consumers across the country are likely to face higher power bills in February, as the Central Power Purchasing Agency (CPPA) on Thursday reported a net increase of Rs1.41 per unit in fuel charges compared to the current month. The development comes amid concerns from industrialists that the base electricity tariff has already gone up by Rs2–3 per unit from January 1 for the entire fiscal year. During a public hearing chaired by Nepra’s legal member Amina Ahmed, the government disclosed that it was working on a new tariff…

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Saudi Wafi Energy Partners Hyundai to Supply Lubricants for Vehicles in Pakistan

Admin
New-Project44

ISLAMABAD: Saudi Arabia’s Wafi Energy Pakistan Limited on Wednesday announced a strategic agreement with Hyundai’s official manufacturing partner in Pakistan to supply premium lubricants for Hyundai vehicles across the country. Wafi Energy, an affiliate of the Asyad Group, became the majority shareholder of Shell Pakistan Limited (SPL) in November 2024 and currently holds about 87.78 per cent of the company’s issued share capital. Shell Pakistan, one of the country’s oldest multinationals, operates a nationwide network of more than 600 retail sites, extensive storage facilities and a broad portfolio of globally…

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KP Completes 10 Hydropower Projects, Set to Earn Rs13bn Annually

Admin
hydro-power

PESHAWAR: Khyber Pakhtunkhwa has completed 10 hydropower projects with a combined generation capacity of 224 megawatts, expected to generate annual revenue of around Rs13 billion for the province, Secretary Energy and Power Nisar Ahmad said on Wednesday. Presiding over a meeting, the secretary said that seven additional hydropower projects would be completed over the next two years, raising the province’s clean and low-cost energy capacity to about 1,000MW and increasing annual earnings to an estimated Rs55bn. He added that work was also underway on three flagship projects in Swat district,…

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