Category: Highlights

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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6 million power consumers brave 12-hour shutdown

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power-consumers

LESCO suffers serious damages due to record-breaking rain LAHORE: The installations of Lahore Electric Supply Company (LESCO) suffered severe damage due to heavy monsoon rain in the five districts falling in its region on Wednesday. Three people, including a woman, lost their lives due to electric shocks. LESCO sources said several electric poles collapsed and transformers were extensively damaged. The falling trees and poles caused a 12-hour power outage, leading to severe difficulties for more than six million consumers. Due to a shortage of workforce and unavailability of new material,…

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Bonded Bulk Storage Policy will end fuel hoarding, reduce pressure on rupee: Musadik Malik

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musadik-malik

State Minister for Petroleum Musadik Malik announced on Wednesday that the Bonded Bulk Storage Policy 2023, recently approved by the Economic Coordination Committee (ECC) of the cabinet, will end the hoarding of petroleum products, reduce pressure on foreign exchange reserves and eliminate the fear of oil dry out in Pakistan. In a press conference, he said this policy will stop the hoarding of oil because it will ensure an ample supply of fuel in the country, and “millions of tons of oil will be available in Pakistan at all times”.…

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