KARACHI: Pakistan’s power sector has been slow to adopt clean and renewable energy sources, ranking 107 out of 120 countries on the global Energy Transition Index (ETI) in 2023, a study by a local rating agency said on Wednesday. The low ETI score of 46.9 reflects a lack of sufficient initiatives to align with the country’s commitment to energy transition…
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ISLAMABAD: The caretaker government Wednesday increased the price of a domestic 11.8-kilogram liquefied petroleum gas (LPG) cylinder by Rs13.76 for February 2024, as per a notification from the Oil and Gas Regulatory Authority (Ogra). The LPG prices have witnessed an increase of Rs1.16/kg, rising from Rs256.43/kg in January to Rs275.59 in February. In a statement, the regulator said: “The LPG…
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ISLAMABAD: The federal government has introduced the Tight Gas (Exploration & Production) Policy 2024, focusing on an innovative pricing strategy to encourage efforts in exploring and producing unconventional hydrocarbon reserves. The policy aims to promote activities in this sector by offering a significant 40 per cent premium on the zonal price, defined in the Petroleum (Exploration and Production) Policy 2012.…
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