ISLAMABAD: The federal government on Thursday announced petroleum products prices for the next fortnight, hiking petrol and high-speed diesel’s prices, ARY News reported. According to a notification issued here, the petrol price has been hiked by Rs 1.35 to Rs 248.38 per litre. The price of high-speed diesel has been fixed at Rs 255.14 per litre after an increase of…
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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has jacked up the per kilogram price by Rs 2.88 per kilogram Ra price hike for the month of November, impacting household and commercial consumers across Pakistan. This increase in LPG prices comes amid the ongoing volatility in energy markets. As per the new notification, LPG prices have increased by PKR 2.88…
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ISLAMABAD: National Assembly Standing Committee on Petroleum Division on Thursday expressed serious concern over inadequate regulatory oversight that has led to the misuse of Corporate Social Responsibility (CSR) funds and the underutilization of the Production Bonus and Training Fund by exploration and production (E&P) companies. Chaired by MNA Syed Mustafa Mehmood, the Standing Committee convened to review the CSR initiatives…
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As security concerns for Chinese nationals intensify, Pakistan’s Foreign Ministry urges a return to diplomatic norms in addressing sensitive issues with Beijing The Pakistan Foreign Ministry issued a rare statement addressing remarks made by Chinese Ambassador Jiang Zaidong during the high-profile “China at 75” conference held earlier this week in Islamabad. The Ministry’s spokesperson, Mumtaz Zahra Baloch, clarified that the…
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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) held a public hearing on October 31, 2024, to review a petition by K-Electric (KE) for a provisional monthly fuel charge adjustment (FCA) for September 2024. If approved, the requested adjustment would provide an anticipated relief of PKR 247 million, which translates to a reduction of PKR 0.16 per unit for consumers…
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Karachi, Pakistan – Wafi Energy, a well-established Saudi energy company and affiliate of the Asyad Group, has officially acquired a majority shareholding in Shell Pakistan Limited, the exclusive licensee for Shell products in the country. This strategic acquisition underscores Wafi Energy’s commitment to expanding its footprint in Pakistan’s energy sector while fortifying Shell’s reputable service in the region. The powerful…
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KARACHI (Oct 31): Sindh Chief Minister Syed Murad Ali Shah, in his meeting with the Canadian High Commissioner Ms Leslie Scanlon, said that his government, through the Karachi transformation project, was improving the infrastructure to make the city liveable and attracting investment. The meeting also included the Director General for South Asia in Ottawa, Canada, Ms. Marie Louise Hannan, and…
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ISLAMABAD: The Federal Ministry of Petroleum has announced a winter gas load management plan that includes the closure of CNG stations across Pakistan during December and January. This measure aims to prioritize natural gas supply for domestic consumers amid colder temperatures. The Sui Northern Gas Company Limited (SNGCL) has been instructed to halt CNG operations nationwide from December 1, 2024,…
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ISLAMABAD: The 969-MW Neelum-Jhelum Hydropower Project has been offline since May due to a severe rock burst, draining millions from the national treasury and worsening Pakistan’s energy shortage, according to experts. The prolonged shutdown has exacerbated the shortfall in hydroelectric power, adding to the country’s energy challenges. During a recent public hearing, NEPRA’s chairman expressed dissatisfaction with the Central Power…
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ISLAMABAD: UEP Wind Power Limited has requested Rs 6.213 billion from the Central Power Purchasing Agency (CPPA-G) to meet critical financial obligations through December 31, 2024, citing delayed payments and mounting debt. In a letter to CPPA-G’s CEO, UEP’s President, Khurram Shahzad, outlined the company’s urgent need to address upcoming debt payments, including a substantial liability to China Development Bank.…
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