Category: Shortcode

Centre, KP Seek Clarity on Controversial Gas Sale Without Bidding

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Gas-Project

ISLAMABAD: The Prime Minister’s Office (PMO) and the Khyber Pakhtunkhwa (KP) government have sought clarification from the Petroleum Division regarding the proposed sale of gas from the Razgir field in Kohat without a competitive bidding process. This directive was issued by the PMO on January 2 following reports that a minority shareholder in the newly developed field had negotiated a gas sale agreement with a third party, bypassing open bidding protocols. Despite reminders, the Petroleum Division has yet to respond. KP’s Directorate General of Petroleum Concessions (DGPC) has also emphasized…

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Petrol shortage persists as minister warns hoarders

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fuel

As an artificial petrol shortage has left motorists high and dry, the government warned petroleum products hoarders to end the criminal activity that creates a deliberate fuel shortage or be ready for dire consequences, including revoking the licences of oil marketers. The full-blown crisis of low fuel supplies at filling stations has multiplied the problems of commuters, forcing them to find petrol for their vehicles from pillar to post. Long queues at petrol pumps have been witnessed and relatively fewer filling stations still have fuel supplies. People complained that they…

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OGRA Holds Meeting with LPG Bowzers and Storage Tanks Manufacturers to Strengthen Safety Standards

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New-Project

Lahore, January 18, 2025: A high-level meeting with Liquefied Petroleum Gas (LPG) bowzers, storage tanks, and bullet manufacturers was convened today at the Regional Office of the Oil and Gas Regulatory Authority (OGRA) in Lahore. The meeting was chaired by Mr. Zain Ul Abideen, Member Oil, OGRA, and attended by senior directors and officers from the LPG and Enforcement departments. During the meeting, the authorized manufacturers of LPG bowzers were directed to ensure compliance with critical safety standards, emphasizing that no LPG bowzer should be manufactured with a capacity exceeding…

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Nuclear Power Dominates Pakistan’s Grid with Low-Cost Energy Contribution

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Nuclear-Power

Islamabad, January 18, 2025 – Nuclear power emerged as Pakistan’s top electricity source in December 2024, contributing over 26% to the national grid at an exceptionally low cost of just over half a US cent per unit. This milestone highlights the growing role of nuclear energy in the country’s shift towards cleaner and more affordable power generation. In December, nuclear energy supplied 2,065 gigawatt-hours (GWh), accounting for 26.48% of the total electricity output. Hydropower followed at 22.8%, with RLNG-based power contributing 20.7%. Despite the rising costs of fossil fuel sources…

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ECC Approves Annual Electricity Tariff Rebasing from January 1

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power-sector

Islamabad – The Economic Coordination Committee (ECC) of the Cabinet has approved a policy shift in electricity tariff rebasing, setting January 1 as the annual implementation date instead of July. The decision aims to mitigate public dissatisfaction caused by simultaneous tariff adjustments during peak summer months. The meeting, chaired by Finance Minister Senator Muhammad Aurangzeb, approved policy guidelines for the Power Division to amend the regulatory framework, enabling the new rebasing timeline. This change is expected to ease the burden on consumers already dealing with high Fuel Charges Adjustments (FCAs)…

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