Author: Admin

LPG Price Hiked by Rs10 per Kg in Karachi, Reaches Rs290

Admin
LPG-Shortage

KARACHI: The price of liquefied petroleum gas (LPG) in Karachi has risen by Rs10 per kilogram, bringing it to Rs290 per kg, adding to the burden on consumers. This price is Rs36 higher than the official rate of Rs254 per kg set by the Oil and Gas Regulatory Authority (OGRA). Shopkeepers attribute the hike to increased rates by marketing companies, while citizens blame the government and profiteers for failing to regulate prices. Consumers expressed frustration, pointing out that essential items like chicken and vegetables are already being sold at inflated…

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Diesel Price Reduced by Rs3, Petrol Unchanged

Admin
petrol-price

ISLAMABAD: The government has announced a reduction in the price of high-speed diesel (HSD) by Rs3.05 per litre while keeping petrol prices unchanged for the fortnight ending December 31, 2024. This decision aligns with fluctuations in international oil prices over the past two weeks, as calculated by the Oil and Gas Regulatory Authority (Ogra). The ex-depot price of HSD now stands at Rs255.38 per litre, down from Rs258.43. HSD is widely used in heavy transport vehicles, including trucks, buses, and trains, as well as in agriculture for tube-wells and threshers.…

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Historic Shift: Mari Petroleum Overtakes OGDC”

Admin
ojdc

Mari Petroleum has overtaken Oil & Gas Development Company (OGDC) to become the largest company on the Pakistan Stock Exchange (PSX) by market capitalization. Mari’s market value surged to Rs984 billion ($3.5 billion), driven by a 7% year-on-year increase in hydrocarbon sales. The company’s share in the gas market rose to 29%, with a profit-after-tax of Rs77.28 billion in FY24, reflecting a 38% YoY increase. According to a brokerage firm, Mari’s market value surged to Rs984 billion ($3.5 billion), surpassing OGDC’s Rs963 billion ($3.4 billion). This marks a significant shift,…

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“PM Directs Further Cut in Electricity Prices, Prioritizes Low-Cost Power Projects”

Admin
Shahbaz-Sharif

Prime Minister Shehbaz Sharif has ordered a further reduction in electricity prices, emphasizing the need to prioritize low-cost power projects to provide relief to consumers. The premier’s directive comes as part of the government’s efforts to mitigate the impact of high electricity prices on consumers and industries. According to sources, the prime minister has instructed the relevant authorities to explore all possible options to reduce electricity prices, including a review of the existing power tariff structure. The prime minister also stressed the importance of prioritizing low-cost power projects, such as…

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“LCCI Urges Government to Scrap Fixed Charges, Taxes on Electricity Bills”

Admin
LCCI-Project

The Lahore Chamber of Commerce and Industry (LCCI) has appealed to the government to eliminate fixed charges and taxes on electricity bills, citing the immense burden on industries and businesses. In a statement, LCCI President Kashif Anwar emphasized that the fixed charges and taxes on electricity bills are a significant obstacle to the growth of industries and businesses in Pakistan. “The government should reconsider its taxation policies and provide relief to the industries and businesses by scrapping the fixed charges and taxes on electricity bills,” Anwar urged. The LCCI president…

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