Author: Admin

Petrol shortage persists as minister warns hoarders

Admin
fuel

As an artificial petrol shortage has left motorists high and dry, the government warned petroleum products hoarders to end the criminal activity that creates a deliberate fuel shortage or be ready for dire consequences, including revoking the licences of oil marketers. The full-blown crisis of low fuel supplies at filling stations has multiplied the problems of commuters, forcing them to find petrol for their vehicles from pillar to post. Long queues at petrol pumps have been witnessed and relatively fewer filling stations still have fuel supplies. People complained that they…

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As cut in power tariff likely FRIA wants major reduction

Admin
power tariff

LahoreAs the National Electric Power Regulatory Authority (Nepra) is likely to slash power tariff by Rs1.035 per unit as part of monthly fuel price adjustment for December 2024, the Ferozepur Road Industrial Association has said that some major cut should be introduced to provide relief to electricity consumers, who are bearing very high tariffs.FRIA Chairman Shahbaz Aslam said that the Central Power Purchasing Agency-Guarantee has submitted a formal request to Nepra on behalf of power distribution companies (DISCOs), proposing a tariff reduction of Rs1.035 per kilowatt-hour (kWh) compared to the…

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Print 2025-01-19

Admin
LESCO

‘Disco Support Unit’ established LAHORE: In a significant move to curb power theft and improve recovery, the government has established a Disco Support Unit. According to a press release issued by LESCO’s spokesperson, the unit has been set up on the directives of the government of Pakistan. The unit will be headed by Chief Executive LESCO Engineer Shahid Hyder as its Director, while Sector Commander Civil Armed Forces will serve as its Co-Director. The unit will also comprise officials from the district government, police, FIA, Military Intelligence, and ISI. The…

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OGRA Holds Meeting with LPG Bowzers and Storage Tanks Manufacturers to Strengthen Safety Standards

Admin
New-Project

Lahore, January 18, 2025: A high-level meeting with Liquefied Petroleum Gas (LPG) bowzers, storage tanks, and bullet manufacturers was convened today at the Regional Office of the Oil and Gas Regulatory Authority (OGRA) in Lahore. The meeting was chaired by Mr. Zain Ul Abideen, Member Oil, OGRA, and attended by senior directors and officers from the LPG and Enforcement departments. During the meeting, the authorized manufacturers of LPG bowzers were directed to ensure compliance with critical safety standards, emphasizing that no LPG bowzer should be manufactured with a capacity exceeding…

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Pakistan Ends Sui Gas Companies’ Monopoly, Opens Sector to Private Players

Admin
Gas-Prices

Islamabad, January 18, 2025 – The longstanding monopoly of Sui gas companies in the purchase and sale of gas has officially ended as the Petroleum Division notified the implementation framework for third-party gas sales. This landmark move, endorsed by the Executive Committee of the National Economic Council (ECNEC), allows private companies to purchase up to 100 mmcfd of gas annually, with a cap to be reviewed yearly. The decision stems from amendments to the 2012 Exploration and Production (E&P) Policy, approved by the Council of Common Interests (CCI) on January…

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