Author: Admin

Petroleum Division to Discuss Ethanol Blending in Petrol with Oil Sector

Admin
Petrol-oil

KARACHI: The Petroleum Division is set to hold a crucial meeting today (Wednesday) with stakeholders from the oil sector to explore the feasibility of ethanol blending in petrol. The meeting will include officials from the Oil and Gas Regulatory Authority (OGRA) and representatives of local refineries to evaluate the availability and integration of fuel-grade ethanol into refining operations. Policy Development UnderwayThe initiative, originally proposed in July this year, aims to align with the prime minister’s directives to develop a comprehensive plan for ethanol-blended petrol. A committee was established to draft…

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Over Rs200 Million Gas Dues Owed by Top Government Offices

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SNGPL-Office

ISLAMABAD: Over 20 high-profile government entities, including Aiwan-e-Sadr, Parliament Lodges, the Ministry of Finance, and the Foreign Office, collectively owe more than Rs200 million in unpaid gas bills to Sui Northern Gas Pipelines Limited (SNGPL), according to official communication from SNGPL’s management. Key Defaulters and DuesParliament Lodges/MNA Hostel: Rs24,955,133 (including disconnected meters with Rs2,655,735 pending).Cabinet Division Building: Rs23,075,733.Aiwan-e-Sadr Facilities: Rs16,685,739 (main building, police barracks, and dispensaries).Foreign Office: Rs53,309,209.Pak Secretariat: K-Block owes Rs23,579,378, M-Block Rs24,482,408, and Q-Block Rs3,740,602 (disconnected meter).The Parliament House Building also ranks high on the list, with Rs24,158,444…

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ECC to Approve Security Package for Riali-II Hydropower Project

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Karot-Hydropower

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet will convene on Thursday (Dec 19) to approve the security package documents for the 7.08 MW Riali-II Hydropower Project, developed under the Power Generation Policy 2015, sources told Business Recorder. Key ConsiderationsThe Finance Division has directed the Power Division to ensure that the proposed agreements strictly adhere to the Power Generation Policy 2015, especially regarding contractual terms, and avoid imposing any additional obligations or guarantees not already specified in the policy. The division also clarified that Water Use Charges (WUC) for…

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OGRA Weighs CPP Disconnections Amid Revenue Challenges

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OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) is considering disconnecting Captive Power Plants (CPPs) from January 2025, a move requiring federal government engagement due to its complexities and economic impact. On Tuesday, OGRA finalized the Review of Estimated Revenue Requirement (RERR) for Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) for FY 2024-25. The determination has been forwarded to the federal government, which has 40 days to decide under the OGRA Ordinance 2002. Key Details:Revenue Impact: If CPP disconnections proceed, SNGPL’s revenue requirement would…

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Discos Propose Rs2.5 Billion Refund Through Negative Fuel Price Adjustment

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nepra

ISLAMABAD: Public sector power companies have proposed a 63-paisa per unit negative Fuel Cost Adjustment (FCA) for November, citing a 6% year-on-year increase in electricity demand. If approved by the National Electric Power Regulatory Authority (NEPRA), the ex-WAPDA Distribution Companies (Discos) would refund approximately Rs2.5 billion to consumers in January 2025. The average fuel cost for November consumption was Rs7.23 per unit, significantly lower than Rs9.44 per unit in November 2023, attributed to increased reliance on domestic fuel sources and higher base tariffs implemented in July 2024. Over 82.3% of…

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