ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced a hike in gas tariffs for Captive Power Plants (CPPs), raising the price from Rs 3,000 to Rs 3,500 per MMBtu, effective February 1, 2025. A notification clarified that the increase does not apply to commercial tandoors, domestic consumers, CNG stations, fertilizers, or the power and cement sectors. The decision…
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ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Power Division to reduce electricity tariffs by Rs 7 per unit across all consumer categories, including the industrial sector, following consultations with the International Monetary Fund (IMF). An IMF delegation is expected to visit Islamabad next month to finalize discussions. The directive emerged as the Prime Minister expanded the “Tariff Reduction Committee,”…
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ISLAMABAD: A World Bank Support Mission is visiting Pakistan from January 27–28, 2025, to finalize a work plan and outline next steps for the preparation of the Reactive Compensation Devices (STATCOMs) project. This initiative is vital for ensuring system stability and the reliability of north-south bidirectional power flows in the short to medium term, according to sources in the National…
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Sindh govt implementing several plans to ensure maximum utilisation of clean energy sources to protect environment: Nasir Hussain Shah KarachiThe Sindh government, on the occasion of the UN-declared International Day of Clean Energy, has reaffirmed its utmost resolve to minimise the consumption of fossil fuels for electricity production by increasing reliance on renewable power sources abundantly available in the province.In…
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The Federal Government, in response to OGRA’s determinations of SNGPL and SSGCL’s Review of Estimated Revenue Requirement for FY 2024-25, has issued advice on gas sale prices. Effective February 1, 2025, the gas sale price for General Industry (Captive) has been revised from Rs. 3,000/MMBTU to Rs. 3,500/MMBTU. The gas sale prices for all other consumer categories, including Domestic, Special…
Read MoreThe Economic Coordination Committee (ECC) approved an increase in gas tariffs for captive power plants while keeping rates for domestic consumers unchanged. The decision was taken during a meeting on Saturday, chaired by Federal Minister for Finance Mohammad Aurangzeb. The gas tariff for captive power plants has been raised from Rs. 3,000 to Rs. 3,500 per MMBTU, effective for the…
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Islamabad: The National Electric Power Regulatory Authority (NEPRA) has identified significant discrepancies in the data provided by Distribution Companies (Discos) and K-Electric (KE) regarding overcharged consumers. The overbilling occurred due to meter readings beyond the defined billing cycle and the incorrect application of the pro-rata mechanism, sources revealed. NEPRA had previously instructed Discos through letters issued on February 23, 2024,…
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Islamabad: The ongoing dispute between Sui Northern Gas Pipelines Limited (SNGPL) and National Power Parks Management Company Limited (NPPMCL) has now reached the Prime Minister’s Office (PMO). The disagreement pertains to adjustments made by NPPMCL against SNGPL’s undisputed gas supply invoices, amounting to over Rs. 15.5 billion, as per an arbitration award issued in December 2021 by the London Court…
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ISLAMABAD: The Oil Companies Advisory Council (OCAC) has called for urgent government intervention to address critical challenges threatening the sustainability of Pakistan’s downstream oil sector, including the removal of sales tax exemptions on petroleum products and delays in revising Oil Marketing Companies (OMCs) margins. In a letter to Prime Minister Shehbaz Sharif, OCAC Chairman Adil Khattak highlighted the financial strain…
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ISLAMABAD: The government has announced plans to extend electricity supply incentives, currently available to Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC), to all industrial estates and zones across the country. A revised mechanism, developed in consultation with China and approved by the Cabinet Committee on Energy (CCOE), removes regulatory barriers for power distribution companies (DISCOs) to supply…
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