Category: Highlights

Fuel Crisis Hits Karachi and KP as Pumps Run Dry Amid Partial Strike

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Partial-Strike

KARACHI/PESHAWAR: Despite the postponement of a planned strike by petroleum dealers on Friday evening, many consumers in Karachi faced difficulties obtaining petrol and diesel earlier in the day as several fuel pumps were either closed or out of stock. The strike was a protest against the government’s imposition of a 0.5% advance turnover tax, which the dealers argue would add an additional tax burden of Rs1 million per pump. They strongly rejected this demand. According to a petroleum dealer, approximately 50% of fuel pumps in Karachi were closed ahead of…

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Petroleum Dealers Split Over Strike Amid Government Maneuvers

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Over-Strike

ISLAMABAD – The ongoing dispute among petroleum dealers has intensified, with factions within the Pakistan Petroleum Dealers Association (PPDA) divided over a nationwide strike. The government has hinted at raising dealer commissions to mitigate the impact of turnover tax, while oil marketing companies (OMCs) are seeking a 60% increase in their profit margins. Strike Call and Division Abdul Sami Khan, Chairman of PPDA, announced that petrol pumps would shut down nationwide from 6am on Friday. However, the PPDA’s Lahore and Rawalpindi chapters, identifying as the Reformers Group, have rejected the…

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Major Power Tariff Hike Looms for Consumers

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electricity-tariffs

ISLAMABAD – The National Electric Power Regulatory Authority (Nepra) has announced a public hearing on July 8 to discuss the proposed increase in electricity tariffs, which could pass an additional Rs700 billion burden onto consumers in the current fiscal year. This increase, set to take effect on July 1, 2024, will see the average national tariff rise by around Rs5.72 per unit, significantly impacting all ex-Wapda distribution companies (Discos) and K-Electric customers. The most affected will be protected consumers, who could face a staggering 51% increase in their electricity rates.…

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Petroleum products will be available nationwide, says govt after dealers strike call

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Petroleum-prices

Petroleum products would remain available across the country, the Petroleum Division and the Oil and Gas Regulatory Authority (Ogra) said on Thursday amid the petroleum dealers’ decision to shut down petrol pumps from Friday (tomorrow) morning. In a joint statement, the two government organisations directed oil marketing companies to ensure the supply of petroleum products. The Petroleum Division also instructed oil marketing companies to keep their petrol pumps open and operational. The joint statement comes as a measure to reassure the public and address any concerns regarding the availability of fuel in…

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All DISCOs to be privatized in one & half year period: Minister Power

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awais-lagari

ISLAMABAD, Jul 4 (APP):Federal Minister for Power Awais Ahmed Khan Laghari on Thursday said that all DISCOs companies would be privatized in one and half year period. There had been flaws in the “distribution companies” and we are determined to rectify the system to provide relief to consumers, he said while talking to a private television channel. Economic growth had been stalled during the last government of Pakistan Tehreek e Insaf, he said.“We had to face 600 billion rupees losses due to distribution companies,” he added. Commenting on high tariff…

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