Category: News & Announcement

The federal government has approved the equal distribution formula of LPG allocation in a bid to provide relief in commercial and domestic LPG cylinder prices. Under the new arrangements, all LPG marketing companies will receive equal volume of LPG gas from public and private sector LPG producing companies at approved base price of the Oil and Gas Regulatory Authority (OGRA). Pakistan Petroleum Limited (PPL) has been observing the new guidelines given by the federal government; however, the Oil and Gas Development Company (OGDCL) has yet to implement the new guideline.…

Read More

ISLAMABAD: Amid an ongoing controversy over gas shortages, the federal government on Wednesday said the shortfall would almost double next year unless infrastructure constraints were phased out through cooperation of the stakeholders concerned, particularly Sindh. At a meeting of the Cabinet Committee on Energy (CCoE) presided over by Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh, the ministry of energy reported that gas shortfall was increasing due to about 7 per cent decline in domestic gas production and 5pc growth in consumption when compared with…

Read More

ISLAMABAD: The multi-billion dollar Turkmenistan-Afghanistan-Pakistan-India (Tapi) Pipeline project has hit fresh snags as its two major stakeholders and prospective gas purchasers — Islamabad and New Delhi — have sought gas price openers before the project could physically take off. On Wednesday, Pakistan formally constituted a five-member price negotiation committee (PNC) to begin talks with Turkmenistan for price cut after authorities would its existing prices reasonably higher than Liquefied Natural Gas (LNG) being imported from Qatar and other countries. The two countries have already agreed to discuss the price opener beginning…

Read More

ISLAMABAD: The government has called another meeting of the Economic Coordination Committee (ECC) on Wednesday for constitution of a price negotiation committee for Turkmenistan-Afghanistan-Pakistan-India (Tapi) Pipeline and settlement of about Rs75 billion liabilities to state-run entities. To be presided over by Adviser to the Prime Minister on Finance & Revenue Dr Abdul Hafeez Shaikh, the second meeting of the ECC within a week will be presented a case for payment of Rs28bn dues to the Pakistan State Oil (PSO) on account of foreign exchange loss besides settlement of Rs38.12bn loans…

Read More

President Site Association of Industry, Suleman Chawla, has urged Prime Minister Imran Khan to issue immediate order to cancel Nepra permission to K-Electric to collect fuel charges adjustment (FCA) of three years (from July 2016 to June 2019) from the consumers. Rejecting the permission granted by Nepra to K-Electric to collect fuel charges adjustment (FCA) of three years (from July 2016 to June 2019) from the consumers in next 9 months and has appealed Prime Minister Imran Khan to look into the matter and do needful to give relief to…

Read More