ISLAMABAD: Pakistan LNG Limited (PLL) has invited bids from international LNG suppliers for its seventh spot liquefied natural gas (LNG) cargo, as the country continues to manage supply shortages caused by the prolonged force majeure declared by QatarEnergy. According to the tender issued on Friday, PLL is seeking one LNG cargo of approximately 140,000 cubic metres for delivery during the July 27–28 window. Pakistan has increasingly relied on the spot LNG market after QatarEnergy extended its force majeure until August. The disruption, originally declared on March 4, followed an attack…
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Murad Orders Faster Rollout of Rs18.2bn Solar Home System Project Across Sindh
KARACHI: Sindh Chief Minister Syed Murad Ali Shah has directed the provincial Energy Department to expedite the distribution and installation of Solar Home System (SHS) kits across the province, reaffirming the government’s commitment to providing clean, affordable and sustainable energy to low-income households. Chairing a review meeting at the CM House on Friday, the chief minister reviewed progress on the Rs18.206 billion Solar Home System Project, launched on the directives of Pakistan Peoples Party Chairman Bilawal Bhutto Zardari. The initiative aims to provide free solar-powered electricity solutions to 275,000 deserving…
Read MoreOMAP Opposes Ogra’s Daily Fuel Pricing Plan, Warns of Industry Disruptions
KARACHI: The Oil Marketing Association of Pakistan (OMAP) has expressed serious concerns over the Oil and Gas Regulatory Authority’s (Ogra) proposed move to publish petroleum product prices on a daily basis, warning that the decision could create significant operational and financial challenges for the country’s oil marketing sector. In a statement, OMAP said the proposed daily pricing mechanism was introduced without adequate consultation with oil marketing companies (OMCs), fuel dealers and other key stakeholders. The association maintained that most OMCs are not yet equipped to implement such a system and…
Read MoreGovt raises petrol by Rs5, HSD by Rs30 in first daily price revision
Just hours after announcing a new mechanism to revise petroleum prices on a daily basis, the federal government on Friday increased the prices of petrol and high-speed diesel (HSD) by Rs5 and Rs30 per litre, respectively, citing fluctuations in international oil markets following the recent escalation between the United States and Iran. According to a statement issued by the Petroleum Division, the price of petrol has been increased to Rs315.71 per litre, while HSD will now cost Rs353.30 per litre. The revised prices will take effect from midnight on Friday.
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