At a conference in Lahore attended by over 1,000 industry stakeholders, participants accused regulators of contributing to the LPG supply and pricing crisis. Industry representatives called for revised pricing mechanisms, improved security for transporters, action against substandard cylinders, and an end to what they described as unnecessary regulatory hurdles. Stakeholders also raised concerns over rising security risks in Balochistan and approved a joint Charter of Demands, warning that failure to address their issues could disrupt LPG supplies across the country.
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Oil up 9% to one-month high as US says it will blockade entire Iranian coastline, all vessels
HOUSTON: Oil prices settled up more than 9% on Monday at a one-month high after news that a United States’ naval blockade due to begin on Tuesday will cover Iran’s entire coastline, ports and oil terminals, as well as all vessels regardless of flag, reigniting concerns over energy shipments through the Strait of Hormuz.Brent crude futures settled up $7.29, or 9.59%, to $83.30, while US West Texas Intermediate crude settled up $6.73, or 9.42%, to $78.14 a barrel. Brent futures posted their biggest single-day dollar gain since April 2, and…
Read MoreMonthly Energy Update July Magazine
BESS key to Pakistan’s energy transition, grid stability: Leghari
ISLAMABAD:Federal Minister for Energy (Power Division) Sardar Awais Ahmed Khan Leghari on Saturday said BESS would play a pivotal role in Pakistan’s energy transition by enhancing grid stability, supporting greater integration of renewable energy and paving the way for widespread adoption of electric vehicles (EVs). Addressing the Battery Energy Storage Systems (BESS) Conference organized by Pakistan Solar Association in Lahore, the minister said battery storage had become an essential component of modern power systems as Pakistan’s electricity sector undergoes a fundamental transformation driven by the rapid expansion of distributed solar…
Read MoreNepra Raises Average Hydropower Generation Tariff by 55% to Rs4.81/kWh
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved a 55 per cent increase in the average hydropower generation tariff, raising it from Rs3.11 per unit to Rs4.81 per unit for FY2025-26. In its determination, Nepra clarified that the tariff increase has been widely misunderstood. The regulator noted that the Rs11.56/kWh figure cited by some stakeholders does not represent WAPDA’s recurring tariff. Instead, it includes one-off revenue gap adjustments and hydel levies accumulated over previous years. According to Nepra, of the Rs10.76/kWh average tariff used for comparison, Rs4.24/kWh relates…
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