Category: Highlights

Marketing firms told to ensure LPG at govt rate

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Oil-and-Gas

ISLAMABAD: As the rampant black market and overpricing of liquefied petroleum gas (LPG) go unchecked, the Oil and Gas Regulatory Authority (Ogra) on Friday issued a directive to all LPG marketing companies and provinces to ensure the availability of the fuel at notified retail price. Ogra has said that it was essential for all companies operating in the LPG sector to ensure that they comply with the notified price to promote transparency and fair practices in the industry. “The companies are further directed to prominently mention the cylinder selling rates…

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Import of solar equipment halves on LC curbs

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Solar-imports

KARACHI: The State Bank of Pakistan’s curbs on opening fresh letters of credit (LCs) has restricted imports of solar panels and inverters from China from $2.4 billion in FY22 to just $1bn in FY23. This figure was last seen in FY17, which swelled to $1.8bn in FY19 after growing awareness among customers about alternative sources of energy. The central bank had initiated steps to slow down the demand for imported items from July 2022 to control a dearth of foreign currency, which kept creating problems in the import of solar…

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NEPRA indicates another tariff hike of Rs1.9

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power-sector

DISCOs’ consumers will pay Rs22.6b; KE tariff will also rise by Rs1.45 per unit ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) indicated on Wednesday that electricity tariff would be increased by another Rs1.90 per unit under fuel cost adjustment (FCA) for May 2023, which would put a burden of Rs22.6 billion on consumers of all distribution companies (DISCOs). Separately for K-Electric (KE), Nepra indicated a tariff hike of Rs1.45 per unit under the FCA for May. With this hike, KE consumers will pay a total of Rs2.6 billion. A…

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