OGRA Reduces LPG Price by Rs168.91Per 11.8-KG Cylinder

ISLAMABAD (Dunya News) – Oil and Gas Regulatory Authority (OGRA) on Tuesday issued a price-revision notification of Liquefied Petroleum Gas (LPG) for the month of December, decreasing the commodity price by Rs168.91 per 11.8-KG cylinder. According to the notification, the authority reduced the locally produced LPG price by Rs14.31 per kilogram. After the revised price, the LPG cylinder would be sold in the open market at Rs 2,390.44 during the month of December, which was available at Rs 2,559.35 in November. Whereas, the per Metric Ton (MT) LPG rate has…

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Latest Petrol Price in Pakistan From Dec 1

The government on Tuesday decided to leave the prices of petrol, kerosene, and light diesel unchanged till December 15, a notification from the Finance Division read. According to the notification, the new prices will be effective from December 1. The petrol price will remain unchanged at Rs145.82 per litre, and the price of diesel will remain Rs142.62 per litre as before. Product Existing price w.e.f 1-12-2021  Increase/(-) Decrease Petrol Rs145.82 00.00 Diesel Rs142.62  00.00 Kerosene oil  Rs116.53 00.00 Light diesel oil Rs114.07 00.00 The prices of kerosene oil and light…

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Why the Energy Transition Will Be So Complicated

To appreciate the complexities of the competing demands between climate action and the continued need for energy, consider the story of an award—one that the recipient very much did not want and, indeed, did not bother to pick up. It began when Innovex Downhole Solutions, a Texas-based company that provides technical services to the oil and gas industry, ordered 400 jackets from North Face with its corporate logo. But the iconic outdoor-clothing company refused to fulfill the order. North Face describes itself as a “politically aware” brand that will not…

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Byco Petroleum Pakistan Limited is now Cnergyico Pk Ltd.

Karachi, December 01, 2021: Byco Petroleum Pakistan Limited (BPPL), Pakistan’s largest oil refinery in terms of both design and installed capacity, has announced that it would change its name from Byco Petroleum to Cnergyico Pk Limited. Commenting on the occasion Mr. Amir Abbassciy, Chief Executive Officer – Cnergyico Pk Ltd, said, “The journey from Bosicor to Byco and then Cnergyico had been challenging yet exciting. Since the company’s inception, innovation has played an important role, and as a result, we have, throughout the years, evolved from an oil company to…

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China-Pakistan Belt and Road Initiative Hits Buffers

In Gwadar, a developing port town in southwest Pakistan, Adam Qadir Baksh had been hoping for a major leap forward in his automobile spare parts business since 2015, but it has not happened in the absence of the vital Chinese tailwind once promised. “There has been no benefit from the China-Pakistan Economic Corridor for local parts vendors and other suppliers,” Baksh said. His unhappiness goes back six years to President Xi Jinping’s visit to Pakistan and the official launch of bilateral infrastructure development projects under the Belt and Road Initiative…

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Sungrow Power Day Seminar 2021 – Karachi Chapter

The Sindh government with its aim to utilize massive solar energy potential of the province is working to unveil a policy to establish mini/micro grids to energies the off-grid villages at the most affordable cost in partnership with the private sector.Sindh government’s Secretary for the Energy Department, Abu Bakar Madani, stated this while speaking as the chief guest at the Solar Power Day seminar organized by Sungrow Pakistan.The Sindh Energy Secretary informed audience of the seminar that the provincial government had been working on a number of initiatives to tap…

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Iran, Azerbaijan, Turkmenistan Sign Agreement On Gas Swap, Iranian Media Report

Iran, Azerbaijan, and Turkmenistan have signed a trilateral gas swap deal for up to 2 billion cubic meters per year, Iranian media reported. The agreement was signed on November 28 in the Turkmen capital, Ashgabat, on the sidelines of a regional economic summit. Under the swap deal – which boosts an existing agreement – Iran will receive gas from Turkmenistan and deliver the same amount to Azerbaijan, Iranian Oil Minister Javad Owji told Iranian state media. “Turkmenistan will sell 5-6 million cubic meters of gas per day to Azerbaijan under…

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Deregulating Fertiliser Industry

Engro Fertilizers Chief Financial Officer (CFO) Imran Ahmed has more than 20 years of diversified work experience in leadership and management positions in large firms in Pakistan and abroad. He recently spoke with Dawn on issues relating to deregulation of the fertiliser industry and the development of an effective mechanism for providing direct, smart subsidy to the small farm holder, and how these policy changes will benefit the stakeholders: small farmers, urea producers, government, and on and on. “There’s a perception in the market that urea manufacturers are profitable because they get…

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Moving Towards a Bilateral-Contracts Electricity Market

It was the advent of independent power producers (IPP) two decades ago that led to the branching of the Water and Power Development Authority into independent transmission and distribution entities. A much larger transformation is about to take place in the form of the competitive trading bilateral contracts market (CTBCM), which will herald the start of a fully competitive electricity market in Pakistan. Expected to be launched in early 2022, the CTBCM will allow the suppliers and consumers the freedom to enter into direct contracts with one another as the…

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Cheap Gas and the Fertiliser Sector

In 2013, this writer wrote an article titled “Cheap gas and expensive fertiliser”. As the title implies, it seems to be related to the current situation as well. Some 85% of the cost of fertiliser production or more goes to the gas cost. High profits in the fertiliser sector are indicated by the earnings per share (EPS) of major companies that have risen to Rs13. Cheap gas, uncontrolled prices and taxation loopholes and changes provided such high profit opportunities. Fertiliser is on the agenda of the government these days and…

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