Category: Latest News

PM Lauds Rs193bn Loss Reduction by DISCOs as Major Power Sector Milestone

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Power-sector

ISLAMABAD: Prime Minister Shehbaz Sharif hailed a significant turnaround in Pakistan’s power sector after being briefed that power distribution companies (DISCOs) had slashed their losses by Rs193 billion — leading to an overall financial improvement of Rs242 billion. Chairing a high-level Cabinet Committee on Energy meeting, the premier called the progress “extremely encouraging” and a crucial step toward rectifying decades-long inefficiencies. He emphasized that this improvement would accelerate the long-delayed privatization of DISCOs and directed that appreciation letters be issued to CEOs of companies demonstrating exceptional performance. Lahore Electric Supply…

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Power Tariff May Drop by Rs1.51 Per Unit for Three Months

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Power Division

ISLAMABAD: Electricity consumers across Pakistan, including those served by K-Electric, are likely to receive relief in the form of a Rs1.51 per unit reduction in power tariffs for the next three months. This decrease stems from lower capacity charges due to falling interest and exchange rates, as well as revised contracts with public and independent power producers (IPPs). The National Electric Power Regulatory Authority (NEPRA) will hold a public hearing on August 4 to consider the federal government’s request for a Quarterly Tariff Adjustment (QTA), aimed at passing on Rs53.4…

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Fuel Prices Likely to Drop: Petrol by Rs9, Diesel by Rs3.50 per Litre

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oil-2025

ISLAMABAD: After four consecutive price hikes, fuel consumers in Pakistan may finally see relief as petrol and diesel prices are expected to decrease by Rs9 and Rs3.50 per litre, respectively, in the upcoming fortnight ending August 15. The anticipated cuts are attributed to easing global oil prices and a sharp reduction in petrol import premiums, which fell from \$9.70 to \$6.75 per barrel amid stabilizing regional tensions. Currently, petrol is priced at Rs272.15 per litre, following a cumulative Rs20 increase since May 15, directly affecting private vehicle owners and lower-income…

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Reduced RLNG Usage by Power Plants Triggers Closure of Local Gas Fields, Sparks Energy Supply Crisis

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New-RLNG

ISLAMABAD: A significant reduction in the use of imported Re-gasified Liquefied Natural Gas (RLNG) by Pakistan’s power sector has led to the shutdown of local gas fields producing up to 400 million cubic feet per day (mmcfd), sparking concerns over long-term damage to the country’s energy infrastructure. According to official data, four RLNG-based power plants — originally declared must-run projects — are now operating below capacity in breach of their gas supply contracts. These plants were built under sovereign-backed take-or-pay agreements with Qatar and Italy’s ENI, supported by a dedicated…

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29 Oil Marketing Companies Go Digital in Pakistan’s Oil Supply Chain Overhaul

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Oil prices

ISLAMABAD: In a significant move toward modernizing Pakistan’s petroleum sector, 29 Oil Marketing Companies (OMCs) have adopted Enterprise Resource Planning (ERP) systems to integrate with the Oil and Gas Regulatory Authority’s (OGRA) national Track & Trace System. The digital transformation aims to enhance transparency, safety, and efficiency in the oil supply chain, from refineries and import terminals to depots, tank lorries, and retail outlets. Officials revealed that around 15,000 tank lorries have already been equipped with GPS tracking devices to curb fuel smuggling, illegal decanting, and other malpractices. During a…

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