Author: Admin

NEPRA Approves Rs1.71 per Unit Cut in Electricity Tariff for Three Months

Admin
NEPRA

The National Electric Power Regulatory Authority (NEPRA) has approved a reduction of Rs1.71 per unit in electricity prices for a three-month period, from April to June 2025. The move comes in response to the federal government’s request aimed at lowering consumer-end tariffs and stimulating electricity demand. NEPRA issued a written decision confirming the approval, stating that the reduction would not impact its determined tariff, as the government will provide the subsidy from the anticipated Petroleum Development Levy (PDL) collection. The Ministry of Energy proposed that Rs1.71/kWh in relief be extended…

Read More

Petroleum Minister Ali Pervaiz Malik Welcomes Britains Support for Capacity Building in Petroleum Sector

Admin
New-Project59

Minister for Petroleum, Mr. Ali Pervaiz Malik, held a productive meeting with Ms. Joe Moir, Development Director of the British High Commission in Islamabad, to discuss bilateral energy collaboration and cooperation opportunities in Pakistan’s petroleum sector. The meeting, held at the Ministry of Petroleum, focused on enhancing UK-Pakistan partnerships in oil, gas, and energy sectors. Both sides emphasized the importance of sustainable energy development, technological exchange, and British cooperation in Pakistan’s energy infrastructure. Minister Malik highlighted the government’s commitment to improving energy security and efficiency while welcoming British expertise in…

Read More

OGDCL Targets 2027 for Production in ADNOC’s Offshore Block-5, Eyes Expansion in Minerals

Admin

ISLAMABAD, April 10, 2025: Pakistan’s state-run Oil and Gas Development Company Limited (OGDCL) plans to commence production from Abu Dhabi’s Offshore Block-5 by 2027, marking a major step in its international expansion, said CEO Ahmed Hayat Lak on Wednesday. Speaking on the sidelines of the Pakistan Minerals Investment Forum 2025, Lak stated that while reserves in the ADNOC-partnered block are still under evaluation, the company anticipates production within two years. Domestically, OGDCL aims to ramp up its oil production from 37,000 to over 50,000 barrels per day and increase gas…

Read More

Fuel Prices in Pakistan May Drop by Up to Rs12 Amid Falling Global Oil Rates

Admin
Fuel-Price

Islamabad, April 10, 2025: Consumers in Pakistan could soon see a significant drop in fuel prices, with a potential reduction of up to Rs12 per litre in petrol and diesel, following a sharp decline in global crude oil prices, according to sources in the Petroleum Division. Brent crude oil has experienced a steep fall over the past week, currently trading at $60.12 per barrel—down from $74.74 on March 31. Although prices briefly rose to $74.95 on April 1 and 2, they have since plummeted by more than $14 per barrel.…

Read More

NEPRA Recommends Immediate Removal of IESCO CEO Over Poor Performance

Admin
New-NEPRA

Islamabad, April 10, 2025: The National Electric Power Regulatory Authority (NEPRA) has strongly recommended the immediate removal of Naeem Jan, Chief Executive Officer of Islamabad Electric Supply Company (IESCO), citing unsatisfactory performance. The recommendation was made by NEPRA Member (Technical) Rafique Ahmad Shaikh during a public hearing on IESCO’s request for adjustments related to the multi-year tariff (MYT) components for the financial year 2025-26. The hearing also covered proposed changes to end-consumer tariffs. Shaikh expressed deep dissatisfaction with the CEO’s performance, noting that the company had failed to present a…

Read More