Author: Admin

SIFC Sets January 2025 Deadlines for Petroleum Division’s Bidding and Policy Updates

Admin
SIFC-SSGC

ISLAMABAD: The Executive Committee (EC) of the Special Investment Facilitation Council (SIFC) has issued directives to the Petroleum Division to expedite the ongoing bidding processes and policy adjustments. Key timelines have been established to ensure streamlined operations and strategic advancements. Bidding Timelines and Marketing InitiativesThe Petroleum Division has been tasked with finalizing the ongoing bidding process by January 10, 2025. Advertisements for onshore and offshore bidding are to be released by January 15, 2025, and January 30, 2025, respectively. These efforts will be supported by robust marketing strategies, including roadshows.…

Read More

Diesel Prices Likely to Rise as New Year Approaches

Admin
Petrol-oil

ISLAMABAD: As the global oil market trends upward, the prices of high-speed diesel (HSD), kerosene, and light diesel oil (LDO) are expected to increase by approximately Rs4 to Rs5 per litre starting New Year’s Eve. This adjustment will apply for the first fortnight of 2025, according to informed sources. Conversely, petrol prices are projected to remain relatively stable, with a potential change of just Re1 per litre, depending on final calculations on December 31. Earlier in mid-December, the ex-depot price of HSD was reduced by Rs3.05 (1.18%) to Rs255.38 per…

Read More

Minister for Power, Sardar Awais Ahmed Khan Leghari, Highlights Key Achievements in the Power Sector in the Last 9 Months in today’s Press Conference Electricity prices witnessed RS 11.33 per unit for industrial and Rs.4.66 per unit domestic decrease since June 2024Rs. 150 Billion eliminated in cross-subsidies for industrial sector Rs 55 billion earmarked for 27000 tubewells Agreemnets with IPPs results in Rs.411 billion national saving Bijli Sahulat Package with special tariff of Rs.26.07 per unit introduced

Admin
power

Islamabad, Dec 28th, 2024 – The Minister for Power, Sardar Awais Ahmed Khan Leghari, presented a year-end review highlighting key achievements and ongoing initiatives aimed at transforming Pakistan’s power sector. Through innovative policies, substantial investments, and bold reforms, significant progress has been made towards ensuring energy sustainability, reducing electricity costs, and driving economic growth. The Minister stated, “The power sector has shown marked improvement in electricity prices. The average price of electricity has decreased to PKR 44.04 per unit from PKR 48.70 per unit in June 2024, marking a reduction…

Read More

“Power Sector Reforms Yield Significant Results: Minister”

Admin
Power Division

Islamabad: The Power Division has announced significant achievements in the power sector, citing a decrease in electricity prices, elimination of cross-subsidies, and substantial national savings. According to a press release, the average electricity price has decreased to PKR 44.04 per unit from PKR 48.70 per unit in June 2024, marking a reduction of PKR 4.66. Industrial electricity prices have also seen a significant drop to PKR 47.17 per unit, down from PKR 58.50 per unit in June 2024, reflecting a reduction of PKR 11.33. The government has also eliminated PKR…

Read More

Government of Pakistan Power Division Press Release

Admin
Power Division

<><><><> Electricity prices witnessed RS 11.33 per unit for industrial and Rs.4.66 per unit domestic decrease since June 2024 Rs. 150 Billion eliminated in cross-subsidies for industrial sector Rs 55 billion earmarked for 27000 tubewells Agreemnets with IPPs results in Rs.411 billion national saving Bijli Sahulat Package with special tariff of Rs.26.07 per unit introduced Minister for Power, Sardar Awais Ahmed Khan Leghari, Highlights Key Achievements in the Power Sector in the Last 9 Months Islamabad, Dec 28th, 2024 – The Minister for Power, Sardar Awais Ahmed Khan Leghari, presented…

Read More