The caretaker Government has reduced the Petrol Prices in Pakistan for the next fortnight from 16 December 2023 till 31 December 2023. According to the details, the Government has reduced the Price of Petrol, High-Speed Diesel (HSD), Kerosene Oil and Light Diesel Oil (LDO) has seen a minor reduction. According to the announcement, the Petrol Price has been reduced by Rs. 14.00 per…
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In a significant move toward sustainable energy solutions, MCB Bank and AE Power have recently signed an agreement for the delivery of cutting-edge Huawei inverters. This strategic partnership promises to revolutionize the landscape of energy efficiency in the region.The signing ceremony, graced with the presence of key representatives from both MCB Bank and AE Power, marks the beginning of a…
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ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved special incentives for Jhal Magsi South Field, which, according to third party, was not economically viable under current policy prices, well-informed sources told Business Recorder. Petroleum Division briefed the ECC that Pakistan was facing challenges in meeting ever-growing energy needs due to expanding population, natural depletion of major oil/gas fields,…
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ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has proposed revision in draft agreements between the Government of Pakistan (GoP) and K-Electric to align with the provisions of amended Nepra Act 2018, National Electric Policy 2021 (NE Policy), National Electricity Plan 2023 (NE Plan), new Market Commercial Code 2022(MCC) of CPPA as Market Operator, new Grid Code 2023 of NTDC as…
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Projection based on global oil price fall, rupee strengthening ISLAMABAD: Prices of petrol and high-speed diesel are expected to decline up to Rs13.66 per litre effective from December 16, 2023, which is in line with the fall in international markets and appreciation of Pakistani rupee. In case the caretaker government does not allow exchange rate adjustment to Pakistan State Oil…
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