Category: News & Announcement

The Petroleum Division has floated an international tender for the auction of 18 new blocks aimed at expediting oil and gas exploration activities to meet the country’s energy needs in an efficient manner, an official of the Petroleum Division said. According to the Petroleum Division there has been a 7 percent decline in domestic gas production and 5 percent growth in consumption compared to winter 2018, thereby effectively creating a 12 percent gap between consumption and supply. Before floating international tenders, Petroleum Division proposed additional incentives for oil and gas…

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We can whine all day about the market but to be honest the liquid petroleum gas business is very lucrative, an LPG agency owner told SAMAA Digital. The Oil and Gas Regulatory Authority (Ogra) has hiked the price of LPG across Pakistan by over 18% for January. According to an official notification, the price of LPG for consumers is Rs1,791.48 for a standard 11.8kg cylinder. This translates to around Rs152 per kg. The prices set by Ogra depend on a number of factors, like the demand to supply ratio and gas…

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K-Electric (KE) has launched a Fuel Cost Adjustment (FCA) calculator on its website (https://www.ke.com.pk/fcacalculator/), which will allow consumers to calculate the impact on their monthly bill based on their monthly consumption. The pending FCA as determined by the National Electric Power Regulatory Authority (Nepra) would be applied from January 2020 onwards, spread over 9 months, based on the notification issued by Nepra through the SRO dated 27 December 2019 which also defines both the amount and the period over which the amount is to be adjusted. All details related to…

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This is apropos a story carried by Business Recorder on January 9, 2020 with the headline that ‘1 US$ will be equal to Rs 172 by year’s end’. According to Nepra, the headline apparently indicate that the regulator i.e., Nepra said that dollar will be equal to Rs 172 by December 2020 which is not the case. A press issued by Nepra says that the true perspective is that the legal representative of 8 wind power projects during the course of public hearings held on January 8, 2020 made a passing comment…

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Federal Secretary Power Division Irfan Ali has said that the government has generated Rs 229 billion additional revenue from electricity distribution companies (DISCOs) from October 2018 to October 2019. While briefing the subcommittee of the Public Accounts Committee, which met here under the chairmanship of Senator Shibli Faraz, Irfan Ali said that as a result of improvement in recovery mechanism, the government over the period has made Rs 229 billion additional recoveries from various consumers of which Rs 118 billion additional revenue has been generated by increasing power tariff and…

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