OGRA DETERMINES RLNG PRICE

OGRA

Islamabad. The Oil and Gas Regulatory Authority (OGRA) in accordance with the Policy Guidelines of the Federal Government has determined the Regasified Liquified Natural Gas (RLNG) prices for sui companies with effective from March 1st, 2024 as under: The increase in RLNG prices is due to increase due to increase in the cost of supply.  The RLNG price notification for the month of March, 2024 is readily available at OGRA website www.ogra.org.pk. (Imran Ghaznavi) Spokesperson Islamabad, March 20, 2024: The Oil and Gas Regulatory Authority (OGRA), in accordance with the…

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Unequal Taxation Hits Electricity Consumers in Pakistan

power-e-unit

Islamabad (Tanveer Hashmi): The revelation of unequal and unfair taxation on electricity consumers in electricity bills has come to light. Electricity duty is imposed on consumers in electricity bills without any legal basis, as revealed in the inquiry by federal tax authorities. It has been found that consumers, especially low-income individuals, are bearing the burden of income tax and sales tax on their electricity bills, despite their income being below the taxable income threshold. Regardless of consumers’ income levels, the uniform imposition of electricity duty (ED) places a significant financial…

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Government Faces Challenges in Formulating Strategy to Address Electricity Crisis

power-sector

The federal government is grappling with the task of devising a strategy to tackle the ongoing power sector crises, with conflicting signals emerging from the Prime Minister’s Office (PMO) regarding the future of Distribution Companies (Discos). Under Prime Minister Shahbaz Sharif’s leadership, the government appears undecided between two proposals: outsourcing Discos to the private sector through long-term concessional agreements or transferring control of Discos to the provinces. According to insights from power sector experts and officials familiar with Discos’ privatization, the government must consider implementing differential tariffs for Discos regardless…

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Red Solar Empowers Africa’s Solar Market with Cutting-Edge PV Solutions

Red-Solar

Africa’s abundant sunlight presents a golden opportunity for solar expansion. In a bid to revolutionize Africa’s solar energy landscape, Red Solar has unveiled its innovative photovoltaic (PV) modules and technology solutions at The Solar Show Africa 2024. Held from March 18th to 20th at the Gallagher Convention Centre in Johannesburg, South Africa, this event marks a significant milestone in Red Solar’s commitment to expanding its presence in the continent’s burgeoning solar market. Red Solar’s participation in The Solar Show Africa 2024 underscores its dedication to providing flexible and efficient PV…

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SSGC Seeks OGRA Approval for Gas Price Hike

Gas-Prices

Sui Southern Gas Company (SSGC) Limited has formally approached the Oil and Gas Regulatory Authority (OGRA) to endorse an escalation in gas tariffs for consumers in Sindh and Balochistan. According to sources, SSGC has lodged a formal request with OGRA, urging for a further increase of Rs274.40 per MMBTU, effective retrospectively from July 1, 2024. The company’s objective is to establish a new average gas rate at Rs1740.80, contrasting with the current average of Rs1696.39 per MMBTU. The application underscores SSGC’s revenue deficit, amounting to a staggering Rs79.63 billion. Specifically,…

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