Author: Admin

Nepra Questions Feasibility of Gepco’s Rs100bn Investment Plan Amid Privatization Drive

Admin
New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has raised concerns over the Gujranwala Electric Power Company’s (Gepco) ambitious Rs100 billion five-year investment plan, citing potential financial burdens on consumers and doubts about its feasibility. The investment plan, spanning FY2025-26 to FY2029-30, was discussed during a public hearing chaired by the Nepra chairman. The hearing comes as the government moves to privatize three major power distribution companies — Gepco, Islamabad Electric Supply Company (Iesco), and Faisalabad Electric Supply Company (Fesco) — by year-end. Nepra criticized Gepco’s financial stability, highlighting rising…

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Gas Theft in KP Reduced by 64% in FY24

Admin
Gas-SNGPL

PESHAWAR: Khyber Pakhtunkhwa’s southern region witnessed a significant reduction in gas theft and line losses, which dropped from Rs8.8 billion in FY20 to Rs3.17 billion in FY24. However, approximately Rs8.684 million worth of natural gas continues to be stolen daily in the districts of Karak, Hangu, and Shakardara, resulting in monthly losses of Rs264.66 million. The consistent decline in losses is attributed to rehabilitation initiatives by federal and provincial governments. Over the years, transmission and distribution losses have steadily decreased: FY20: 16,164 MMCF lost (Rs8.8 billion).FY21: 10,079 MMCF lost (Rs6…

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OMC Sales Drop 19% MoM in December but Show 4% Growth in 1HFY25

Admin
Oil-Price

KARACHI: The oil marketing companies (OMC) sector reported sales of 1.28 million tons in December 2024, reflecting a 3% year-on-year (YoY) increase but a sharp 19% decline compared to November, attributed to seasonal fluctuations, according to Maaz Azam, Research Head at Optimus Capital Management. In the first half of FY2024-25 (1HFY25), OMC sales rose by 4% YoY to 8.03 million tons, driven by a crackdown on smuggled Iranian fuel and significant price cuts for petrol and diesel. Notably, November 2024 saw petroleum sales soar to a 25-month high of 1.58…

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Industrialists Urge Immediate Reduction in Oil Prices Amid Economic Transformation Plan

Admin
Pakistan Petroleum Ltd makes third discovery in Sujawal

KARACHI: Industrialists have strongly criticized the recent hike in petrol and diesel prices, calling it contradictory to the government’s economic transformation agenda. They urged Prime Minister Shehbaz Sharif to intervene and roll back the increases to align with the “Uraan Pakistan” initiative. As per a notification by the finance ministry, the price of high-speed diesel (HSD) was raised by Rs2.96 per litre, reaching Rs258.34, while petrol saw a smaller hike of Rs0.56, now priced at Rs252.66 per litre. The Oil and Gas Regulatory Authority (OGRA) attributed the increase to international…

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Era of Russian Gas to Europe Ends as Ukraine Transit Stops

Admin
natural gas prices

MOSCOW: Russian gas exports through Soviet-era pipelines via Ukraine officially ceased on New Year’s Day, marking a historic end to Moscow’s decades-long dominance over Europe’s energy supply. The gas flow, which persisted even amidst nearly three years of war, stopped at 0500 GMT after Ukraine declined to renew a transit agreement, according to Russian energy giant Gazprom. While the halt was anticipated, it contrasts sharply with the disruption in 2022 that sent European gas prices soaring, exacerbating a cost-of-living crisis and threatening the bloc’s economic competitiveness. This time, European Union…

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