The Oil and Gas Regulatory Authority (OGRA has conducted a consultative session on Neutral Market Price under OGRA Gas (Third Party) Access Rules for Gas Pipelines and Gas Network Codes 2018 to encourage market liberalization and private investment and ownership in the gas sector.
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has notified a power tariff hike of Rs1.61 per unit on account of fuel charges adjustment (FCA) for April 2023. According to a notification issued by Nepra, the tariff hike will not be applicable to lifeline consumers and electric vehicle charging stations while power distribution companies (DISCOs) will show the increase in…
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Thousands of people living in coastal towns and small islands in Thatta, Sujawal and Badin districts on Tuesday left their homes for safer places, two days before a ferocious cyclone was expected to make a landfall on Thursday (tomorrow) afternoon. Classified as a “Very Severe Cyclonic Storm” of Category 3, Biparjoy is expected to land around Thursday evening between Karachi…
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KHYBER: At least 15 tankers filled with liquefied petroleum gas (LPG) still await customs clearance at the Torkham border after they arrived from Central Asian states via the land route of Afghanistan about three weeks ago. A private company in Peshawar had signed an agreement to import around 60,000 tonnes of LPG from different Central Asian states a few months…
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Karachi needs at least four more power distribution companies for efficiency of services, lowest electricity rates for consumers: Sindh Governor Karachi Karachi needs at least four more power distribution companies like the existing K-Electric to serve the city’s power consumers in the best possible manner with maximum efficiency of service and the lowest rates of electricity. Sindh Governor, Kamran Khan…
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ISLAMABAD: The Cabinet Committee on Inter-Governmental Commercial Transactions (CCoIGCT) on Monday empowered the Karachi Port Trust (KPT) to take over the operations of the Container Terminal (Berths 6 to 9 at East Wharf) when its 21-year agreement expires on June 17 with the existing concessionaire — Pakistan International Container Terminal (PICT). The meeting of the committee presided over by Finance…
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• Dastgir reveals plan to dole out Rs315bn to ‘equalise’ K-Electric tariff with rest of country• Minister claims IMF okay with budgeted Rs894bn power package LAHORE: In a bid to offset the burden shouldered by power consumers due to the line losses of distribution companies (Discos), the government has decided to introduce a ‘budgeted’ subsidy to the tune of Rs151…
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KARACHI: The Pakistan Meteorological Department (PMD) on Sunday said Cyclone Biparjoy over east central Arabian Sea had further intensified into an “extremely severe cyclonic storm (ESCS)”. It added that it had moved northward during the last 12 hours and was now near latitude 18.1N and longitude 67.5E. The PDMA said the cyclone was at a distance of about 760km south…
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KARACHI: Russian crude oil will produce more furnace oil (FO) than high speed diesel (HSD), which would not reduce the prices of petroleum products domestically, The News learnt on Monday. According to the oil industry players, arrival of the first cargo of Russian crude oil has been celebrated from the top level of the government to the media. However, the…
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June 2023
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