Author: Admin

EU Sanctions Pakistani-Canadian Trader Over Russian Oil Dealings

Admin
Russian-oil

BRUSSELS: The European Union has imposed sanctions on a little-known Pakistani-Canadian businessman for allegedly facilitating the trade of sanctioned Russian oil and helping sustain Moscow’s war economy. The latest measures, adopted by the EU on Monday, target individuals and entities accused of assisting Russia in bypassing Western restrictions on crude oil exports. The new sanctions bar EU citizens and companies from conducting business with those listed and restrict their access to shipping, insurance and other critical services. To date, the EU has sanctioned more than 2,600 individuals and companies linked…

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Power Utilities Seek Rs5.6bn Refund for November Through Negative Fuel Adjustment

Admin
Your-Bill

ISLAMABAD: Power distribution companies have moved to pass on a relief of about Rs5.6 billion to electricity consumers by seeking a 72 paisa per unit negative fuel cost adjustment (FCA) for November’s power consumption, to be reflected in January electricity bills, despite heavy reliance on cheaper domestic energy sources. The Central Power Purchasing Agency (CPPA) has filed a petition with the National Electric Power Regulatory Authority (Nepra), which has scheduled a public hearing on December 31 to review the request. If approved, the refund will apply to consumers of ex-Wapda…

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Proposed Net-Metering Overhaul Targets Prosumers to Shore Up Power Utilities

Admin

ISLAMABAD: In a move likely to alarm solar consumers, the National Electric Power Regulatory Authority (Nepra), on government directions, has proposed sweeping changes to Pakistan’s net-metering regime that would significantly reduce incentives for solar prosumers. The draft Prosumer Regulations, 2025, released for public consultation, aim to replace the existing Alternative and Renewable Energy Distributed Generation and Net Metering Regulations, 2015. Under the proposed framework, prosumers would no longer be allowed to install solar capacity beyond their sanctioned load, effectively cutting the permissible system size by around 50 percent. Currently, consumers…

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OGRA Intensifies Enforcement Drive to Ensure Compliance at Petrol Pumps

Admin
New-Project91

Islamabad: The Oil and Gas Regulatory Authority (OGRA) has mobilized its enforcement teams from the Head Office and Regional Offices to conduct a comprehensive inspection of petrol pumps across their respective jurisdictions. The objective of this exercise is to verify the legality of operations, adherence to codal formalities, and compliance with OGRA’s rules and regulations. As part of this enforcement drive, Chairman OGRA, Mr. Masroor Khan, personally accompanied the enforcement teams during visits to various petrol pumps. During these inspections, the teams examined the validity of licenses, verification of mandatory…

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Govt Lowers RLNG Prices by Up to 5.9pc for December

Admin
New-RLNG

ISLAMABAD: The federal government on Monday reduced re-gasified liquefied natural gas (RLNG) prices by up to 5.9 per cent for December, offering modest relief to consumers of both state-owned gas utilities. The Oil and Gas Regulatory Authority (Ogra) notified the revised rates, attributing the reduction to a decline in the delivered ex-ship price of imported LNG. The price cut applies to consumers of Sui Northern Gas Pipelines Ltd (SNGPL) and Sui Southern Gas Company Ltd (SSGCL). Under the new rates, RLNG prices for SNGPL consumers were lowered by 4.6 per…

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