Author: Admin

Hormuz Crisis Disrupts Global Energy Supplies as US Pledges Escorts for Oil Tankers

Admin
New-Hormuz

LONDON: Escalating tensions in the Middle East have severely disrupted global energy supply chains after a US strike on an Iranian warship intensified the ongoing conflict, leading to a near paralysis of shipping through the strategic Strait of Hormuz for the fifth consecutive day. The situation worsened on Wednesday after a US submarine reportedly struck an Iranian naval vessel off Sri Lanka, killing 87 sailors. In response to the escalating crisis, US President Donald Trump announced that Washington would provide insurance support and naval escorts to vessels transporting oil and…

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Power Tariff Increased: Consumers to Bear Rs23bn Additional Burden

Admin
Nepra-Price

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has notified an additional financial burden of about Rs23 billion on electricity consumers by allowing a Rs1.63 per unit increase in fuel cost for March along with approximately 35 paisa per unit in additional charges for the next three months. As a result, electricity consumers will face a total increase of around Rs1.98 per unit in their bills during March. The impact of the Fuel Cost Adjustment (FCA) alone is estimated at Rs14 billion, while Rs8.7 billion under the Quarterly Tariff Adjustment…

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Pakistan cuts gas for some industry buyers as Middle East war upends supply: report

Admin
us natgas

Pakistan’s largest gas distributor was set to cut supplies to some of its industrial customers, suggesting growing strain in one of the economies most dependent on energy exports from Qatar, Bloomberg reported on Wednesday. According to the report, the conflict in the Middle East has caused the most extensive disruption to the global energy trade since Russia’s invasion of Ukraine in 2022, blocking the Strait of Hormuz and shuttering giant energy facilities including Qatar’s Ras Laffan liquefied natural gas export plant. This happened after Israel and the US carried out attacks on Iran, followed…

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Fuel shortage fear grips Pakistan amid Gulf tension and supply limits

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Petrol-Diesel

APPDA urges federal oversight, while OGRA insists fuel stocks remain within regulatory limits and supply curbs are routine stabilisation measures. ISLAMABAD: Concerns over possible petroleum product availability are rising in Pakistan as dealers warn that supply restrictions and quota management by marketing companies may lead to market pressure, particularly amid the volatile security situation in the Gulf region and uncertainty surrounding maritime energy shipments through the Strait of Hormuz. The All Pakistan Petroleum Dealers Association (APPDA) has written to Prime Minister Shehbaz Sharif, urging the federal government to closely monitor fuel…

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Pakistan to take emergency measures on petroleum pricing ‘to keep markets liquid’

Admin
petrol prices

ISLAMABAD: Pakistan is set to take a series of major measures —including weekly petroleum price revision, compensating oil companies for elevated costs of insurance and import premiums, and fuel conservation measures like mandatory work from home — to keep the markets liquid amid the drying out of trade movement following the closure of the Strait of Hormuz. A summary is being submitted to the federal cabinet’s Economic Coordination Committee (ECC) in this regard for action without delay as petroleum prices appeared to surge, informed sources told Dawn. However, even before the ECC takes…

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