Category: Highlights

Pakistan has once again created history, as oil marketing companies sold a record high 0.81 million tons of petrol in July mainly due to jump in the number of vehicles on the road in the wake of availability of banks’ financing for owning a car at low interest rates. “Highest ever MoGas (petrol) sales of 0.81 million tons were recorded during July 2021, up by 12.5% compared to 0.72 million in the same month last year,” Arif Habib Limited (AHL) said in a brief comment on Monday. Petrol is mostly…

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The consumers are set to pay the price of expensive liquefied natural gas (LNG) deals as the Oil and Gas Regulatory Authority (Ogra) on Monday raised prices of LNG by up to 5.59%. The Pakistan Muslim League-Nawaz (PML-N) has recently called for initiating inquiry against the expensive LNG deals. The regulator has allowed increase in tariff for the consumers of Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC) for the month of August. Ogra increased the provisional price of RLNG for consumers of both gas…

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The National Electric Power Regulatory Authority (Nepra) on Monday allowed charging the highest hydel tariff of RsRs9.118 per kWh on provisional basis. It allowed Neelum-Jhelum Hydropower Project (NJHP) to continue selling its electricity at provisional tariff of Rs9.118 per kWh on take and pay basis with must-run condition. This was already effective from October 17, 2019. The tariff is being charged as to pay interest on debt and repayment of principal amount of Rs317.367 billion taken from outside and local sources for construction of this project that cost Rs428.296 billion.…

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The commercial and domestic consumers have demanded the government to withdraw the recent increase in the price of the liquefied petroleum gas. “The price of mega cylinder has reached to Rs7715 and small/ domestic cylinder to Rs2100 following the sudden increase of Rs5 per kg in LPG price in the local market,” Muhammad Ismail, a hotelier, told reporters here on Sunday. He said that the price of both domestic and commercial LPG cylinders had increased by over 50 percent since the Pakistan Tehreek-i-Insaf government came into power. He said that…

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ADNOC Logistics and Services (ADNOC L&S) is the largest and most diversified integrated maritime logistics company in the Gulf. The company, which provides logistics, shipping and marine operations, plays a critical role in enabling the UAE’s oil and gas sector and ADNOC’s goal to maximise value from every barrel of oil it produces, processes, ships and sells. ADNOC L&S has three major business segments: Shipping, Integrated Logistics and Marine Services. The company’s Shipping arm ensures the reliable supply of crude oil, products, and gas/industry feedstock in more than 50 countries.…

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