Category: Highlights

India Surpasses China as Top Importer of Russian Oil

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Russian-oil

NEW DELHI: In July, India overtook China as the largest importer of Russian oil, driven by reduced purchases from Chinese refiners who faced lower profit margins from fuel production. Russian crude accounted for a record 44% of India’s total oil imports, reaching 2.07 million barrels per day (mbpd), marking a 4.2% increase from June and a 12% rise compared to the previous year, according to trade and industry data. This figure surpassed China’s July imports of Russian oil, which stood at 1.76 mbpd, including both pipeline and shipment deliveries, based…

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KE Seeks Additional Rs6.2bn Through July Fuel Cost Adjustment

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k-electric

ISLAMABAD: Following a recent approval to charge about Rs10.5 billion in additional fuel cost adjustments (FCA) for May and June, K-Electric (KE) is now seeking to extract another Rs6.2 billion from its consumers through a Rs3.1 per unit FCA for July. The National Electric Power Regulatory Authority (Nepra) has scheduled a public hearing for August 29 to address KE’s latest request. Just a day prior, the regulator had permitted KE to impose additional FCAs of Rs2.59 and Rs3.168 per kWh for electricity consumed in May and June, respectively, to be…

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Coalition Partners Clash Over Punjab-Exclusive Power SubsidySindh, KP Governments Criticize Punjab-Only Relief Package

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Power-sector

PM Defends Punjab’s Autonomy in Funding ReliefEnergy Minister Promises ‘Good News’ on IPPs SoonISLAMABAD: The Punjab government’s exclusive power subsidy has sparked tension among ruling coalition partners, with the PPP and PTI-led provincial governments in Sindh and Khyber Pakhtunkhwa (KP) accusing the PML-N of favoring Punjab over other provinces. The controversy erupted when PML-N President Nawaz Sharif, alongside Punjab Chief Minister Maryam Nawaz, announced a Rs14 per unit relief for Punjab residents consuming between 200 and 500 units of electricity per month. The relief package, funded by a Rs45 billion…

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Sindh CM suggests power supply at reduced rates to industries to increase electricity consumption

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Ali-Shah

Sindh Chief Minister, Syed Murad Ali Shah, has suggested to the federal government that electricity at reduced rates should be supplied to at least one additional shift at factories to ensure greater industrial productivity and increased power consumption in the country.The Sindh CM put forth this suggestion while interacting with a delegation of journalists from Lahore who came to Karachi after visiting Thar.He said the power generation capacity of Pakistan stood at 40,000 megawatts while Pakistan’s current electricity need was 30,000 MWs. He said the concerned power consumers in Pakistan…

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Govt. appealed to announce Rs14 reduction in electricity tariffs for Sindh also

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electricity-tariffs

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while referring to recent relief of Rs14 per unit announced for Punjab province only, urged the government to give a similar relief to Sindh also as the public and business community here are also going through the toughest time of their lives due to unbearably high and extremely torturous electricity bills.“The Karachi Chamber vociferously appeals President Asif Ali Zardari, Prime Minister Shehbaz Sharif, Chief Minister Murad Ali Shah and Federal Minister for Energy Awais Laghari to immediately announce…

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