Author: Admin

Karachi residents to get PKR 3.64/unit relief in May bills

Admin
Electricity-meter

ISLAMABAD: In a move likely to provide some relief to electricity consumers of K-Electric (KE), the National Electric Power Regulatory Authority (NEPRA) has approved a fuel charges adjustment (FCA) of PKR 3.64 per unit for February 2025. This relief will be passed on to the consumers of K-Electric (KE) in their May 2025 bills. The FCA relief follows a petition filed by KE for the provisional adjustment due to a drop in global fuel prices and changes in the energy mix used for power generation. After examining the petition and…

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SSGC swings to Rs. 8.29 billion profit in FY24, up 1,092% YoY

Admin
ssgc

Karachi: Sui Southern Gas Company Limited (SSGC) has announced its consolidated financial results for the fiscal year ended June 30, 2024, showcasing a notable recovery compared to the previous year. The company reported a consolidated profit of Rs. 8.29 billion, a significant turnaround from the loss of Rs. 836 million in FY 2023. Earnings per share (EPS) stood at Rs. 9.41, compared to a loss per share of Rs. 0.95 in the prior year. The company’s net revenue increased to Rs. 465.87 billion, up from Rs. 451.48 billion in FY 2023,…

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OIL AND GAS REGULATORY AUTHORITY

Admin
New-RLNG

Islamabad, May 13, 2025: The Oil and Gas Regulatory Authority (OGRA), in accordance with the Policy Guidelines of the Federal Government, has determined the Re- gasified Liquefied Natural Gas (RLNG) prices effective May 01, 2025, as under: Month SNGPL SSGCL Transmission Distribution Transmission Distribution   US $/MMBtu US $/MMBtu May-25 11.0257 11.7925 9.7367 10.8742 Apr-25 12.5895 13.4789 11.2718 12.5910         Increase / (Decrease) -1.5637 -1.6864 -1.5351 -1.7168                            % -12.42% -12.51% -13.62% -13.64% 2.  The RLNG price Notification for the month of May 2025 is readily available at OGRA website…

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Pakistan’s Oil and Gas Production Continues to Decline Amid Weak Demand, Field Curtailments

Admin
Oil prices

KARACHI: Pakistan’s oil and gas production witnessed a continued downturn in April, with oil output falling by 14% year-on-year (YoY) to 58,890 barrels per day (bopd) and gas production dropping 8% YoY to 2,717 million cubic feet per day (mmcfd), according to official data released Monday. Cumulatively, during the first 10 months of the current fiscal year, oil production averaged 63,543 bopd (down 11%), while gas output averaged 2,917 mmcfd (down 7%). Analysts attribute the decline to forced curtailments at major fields like Nashpa and TAL blocks, amid lower domestic…

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Gandapur’s Rs13 Billion Solar Project in KP Stalls Amid Procedural Violations and Bureaucratic Disputes

Admin
Ganda-pur

PESHAWAR: The Khyber Pakhtunkhwa government’s ambitious Rs13 billion “Solarisation of Homes” initiative—aimed at providing free and subsidised solar systems to 65,000 low-income households—has encountered significant delays due to bureaucratic hurdles, inflated costs, and procedural violations. The Pakhtunkhwa Energy Development Organisation (Pedo) prematurely completed the tendering process *without formal approval of the PC-I, violating key procurement regulations. Despite the PC-I being under review by the *Provincial Development Working Party (PDWP) for over three months, tenders were issued in December 2024 and bids opened in January 2025. Chief Minister Ali Amin Gandapur…

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