Author: Admin

Diesel Price Set to Drop by Rs3.90; Minor Petrol Hike Expected

Admin
petrol-price

ISLAMABAD: Starting December 16, high-speed diesel (HSD) prices are expected to decrease by Rs3.90 per litre, providing relief to the transport and agriculture sectors. This adjustment aligns with global oil market fluctuations and is anticipated to ease inflationary pressures on consumers. Conversely, petrol prices may increase slightly by 81 paisa per litre, reaching Rs252.91, when the government announces its fortnightly price revision on December 15. The inland freight equalisation margin (IFEM) for petrol and HSD is projected at Rs7.92 and Rs4.15 per litre, respectively. Following the revision, the HSD price…

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Solis Powers PSA Cricket Tournament Season II as Platinum Sponsor

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Solis-00001

Lahore, Pakistan : Solis, a global pioneer in solar inverter technology, proudly served as the Platinum Sponsor for the PSA Cricket Tournament Season II, held on December 7 and 9, 2024, at a private ground in Lahore. This exhilarating event brought together cricket enthusiasts and industry leaders to celebrate sportsmanship and innovation. The tournament’s grand finale culminated in the victorious team receiving a cutting-edge Solis 15 KW Low Voltage Energy Storage Inverter, highlighting Solis’ dedication to sustainable energy solutions. In addition, Solis presented exclusive gifts to all participants, attendees, and…

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K-Electric Consumers to Get Rs0.27/Unit Reduction in Power Bills

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K-Electric

ISLAMABAD: K-Electric (KE) customers will see a reduction of Rs0.27 per unit in electricity rates for October 2024 under the Fuel Charge Adjustment (FCA) mechanism. This follows a Rs0.17 per unit reduction in September, offering some financial respite to Karachi residents. During a public hearing held by the National Electric Power Regulatory Authority (Nepra), KE’s proposed FCA adjustment sparked debate about electricity costs and production efficiency. Nepra officials presented data showing that KE customers have historically paid lower FCA rates compared to other power distribution companies (XWDISCOs). In 2022, KE’s…

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Delays in Appointing Financial Advisers for Power Firms Spark Senate Panel’s Concern

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Sahiwal-Power

ISLAMABAD: The federal government has yet to appoint financial advisers (FAs) for three power distribution companies (Discos) and two generation companies (Gencos) earmarked for the initial phase of privatisation, drawing criticism from the Senate Standing Committee on Power. Presided over by Senator Mohsin Aziz, the committee expressed displeasure at the absence of Power Minister Awais Leghari and Secretary Power Dr. Fakhre Alam, despite prior commitments. The meeting agenda included negotiations with independent power producers (IPPs) and discussions on asset disposal and employee liabilities related to privatisation, which were deferred due…

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Provinces Directed to Settle Rs150bn Power Dues to Avoid Supply Disruptions

Admin
Power-sector

ISLAMABAD: The federal government has urged all four provincial administrations to clear outstanding electricity bills amounting to Rs150 billion to prevent power cuts and mitigate financial strain on the national economy. In letters addressed to the chief ministers, Power Minister Awais Ahmad Khan Leghari called for urgent intervention to ensure the clearance of dues owed by provincial departments. He cautioned that with the limited financial resources available to Distribution Companies (Discos), sustaining uninterrupted power supply would be challenging, further exacerbating the circular debt crisis. According to the minister, the Sindh…

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