Category: News & Announcement

KARACHI: A civil society group striving to promote renewable energy and climate justice has welcomed the recently-released power sector audit report and demanded establishment of a parliamentary commission to further examine its findings and look into the entire matter afresh with a broader social, economic, financial and environmental lens in the current scenario of COVID-19. While terming the audit report ‘first step in right direction’, the civil society group called for continuation of the power sector audit process and making it democratic, broad-based, citizens-driven, climate-focused and policy-oriented. The group, namely…

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Petrol prices in Pakistan drop by Rs 15 . The Oil and Gas Regulatory Authority (OGRA) has suggested government to decrease the petroleum products price . As per the suggestions government announces to reduce Rs15 in petrol price. According to the details, the authority has recommended the price by Rs 44 from the next month (May). The suggested price of petrol by Rs20.68/ liter, light diesel oil (LDO) by Rs24.57/ liter, diesel may be reduced by Rs33.94 per liter and kerosene oil by Rs44.07/ liter. If the government accepts the…

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While rebutting most of the claims of a nine-member committee’s 296-page report, Independent Power Producers (IPPs) asserted that the main reason for high power tariff in Pakistan is higher Transmission and Distribution (T&D) losses and taxation. Independent Power Producers Advisory Council (IPPAC) have sent consolidated reply of all its members to the concerned public sector stakeholders which is expected to come under discussion in the Private Power & Infrastructure Board (PPIB) and CPPA-G. The nine-member committee in its inquiry report held that under 1994 Power Policy, 16 out of 17…

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Oil prices jumped on Thursday, as signs the US crude glut was not growing as quickly as many had feared brought an upbeat close to one of the most volatile months for oil trading in history. Fuel demand worldwide slumped about 30% in April. Even after major oil producers led by Saudi Arabia agreed to slash production by nearly 10 million barrels per day (bpd), US crude futures closed on April 20 at a record low in negative territory. That collapse in US West Texas Intermediate (WTI) futures made traders…

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ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) on Thursday increased Liquefied Petroleum Gas (LPG) prices in the country for the month of May 2020, ARY NEWS reported. According to a notification issued today, the per kilogram prices of the LPG was raised by Rs 21.65 which would increase the price of LPG cylinder by Rs 255.51. The new rates for the 11.8 kilogram domestic cylinder were fixed at Rs 1322.90 for the month of May, raising it from Rs 1067.39. The announcement came soon after the federal government has made…

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