Author: Admin

Islamabad, January 26, 2025

Admin
OGRA

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 Roti Tandoor, General Industry (Process), Commercial, CNG, Cement, Fertilizer, and Power, remain unchanged. This revision has been officially notified in the Official Gazette and is available on OGRA’s website

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ECC approves gas tariff hike for captive power plants as domestic consumers spared

Admin

The 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 fiscal year 2024-25.  This measure aims to generate the required revenue for the gas sector, according to an official statement from the Ministry of Finance. The ECC rejected a proposal…

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NEPRA Detects Data Contradictions in Consumer Overcharges by Discos and KE

Admin
Nepra-Price

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, and July 30, 2024, to adjust bills for affected consumers. These adjustments were mandated to address inflated bills caused by meter readings exceeding the standard 30/31 days and errors in…

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SNGPL-NPPMCL Dispute Over Gas Supply Invoices Escalates to PM Office

Admin
Gas-SNGPL

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 of International Arbitration (LCIA). BackgroundSNGPL signed Gas Supply Agreements (GSAs) on a “Firm Take or Pay” basis with NPPMCL in 2016 for its RLNG-fired Balloki and Haveli Bahadur Shah Power…

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Oil Industry Urges Immediate Government Action on Tax and Margin Issues

Admin
Oil prices

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 caused by reclassifying petroleum products from zero-rated to exempt under the Finance Act 2024. This change has made input sales tax claims ineligible, escalating operational and capital costs for refineries…

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