Author: Admin

Govt Eyes Rs55bn Windfall from Gas Tariff Hike for CPPs

Admin
OGRA-GAS

ISLAMABAD: The government is set to collect over Rs55 billion in prior year adjustments (PYA) during FY25, following a Rs500/MMBtu increase in gas tariffs for captive power plants (CPPs), aligning with IMF-mandated reforms. The tariff hike from Rs3,000/MMBtu to Rs3,500/MMBtu has pushed the weighted average gas tariff to Rs1,722/MMBtu, with an expected annual average of Rs1,689/MMBtu, according to Hamdan Ahmed, an analyst at Optimus Capital Management. The Oil and Gas Regulatory Authority (OGRA) has also based its revenue estimates on an assumed oil price of $81.8/bbl, higher than the FYTD25…

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Petroleum Prices Likely to Rise Again Amid Global Market Trends

Admin
Petrol-Diesel

ISLAMABAD: Petrol, high-speed diesel (HSD), and kerosene prices are expected to increase by up to Rs6 per litre on February 1, driven by rising international oil prices. According to sources, petrol prices could see a Rs2-3 per litre hike, while HSD and kerosene may rise by around Rs6 per litre based on the latest calculations. The increase follows a $2 per barrel surge in Brent crude prices over the past fortnight. HSD prices in the global market have risen by over $2.50 per barrel, whereas petrol prices saw a 50-cent…

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Sindh govt to fully assist launching of EVs, charging facilities under PPP mode to cut transport sector’s fuel expense: Nasir Hussain Shah

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Sindh Energy

Sindh Energy and Planning and Development Minister, Syed Nasir Hussain Shah, has said the provincial government will extend maximum assistance to the private sector willing to invest in the country to introduce electric vehicles and EV charging stations to curtail the fossil fuel consumption in the transport sector. The Sindh Energy Minister stated this on Wednesday while talking to the media persons after he held a meeting with Yasir Bhambani, CEO of ADM Group, who have plans to launch electric vehicles and EV charging stations in Sindh and other parts…

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KE organises awareness march, facilitation camp

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K-Electric

KARACHI: K-Electric hosted an awareness march as part of its Hum Qadam facilitation camp in Liaquatabad FC Area to address customer needs, including new connections, bill payments, meter installations, and other related issues. The facilitation camp aims to provide residents with convenient solutions to their electricity-related concerns while enhancing interaction between power utility and customers. KE organises over 40 ‘Customer Facilitation Camps’ since Jan Speaking at the inauguration ceremony, Chief Distribution and Marketing Officer Sadia Dada said, “Through Hum Qadam Scheme we will facilitate customers having outstanding dues and offer…

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EU 2024/25 soft wheat exports down

Admin
wheat

PARIS: European Union soft wheat exports since the start of the 2024/25 season in July reached 12.18 million metric tons by Jan. 26, up compared to 11.74 million the previous week, but down 37% from a year earlier, European Commission data showed on Tuesday. However, the Commission said export data for Italy has been incomplete for the past seven weeks. For France, data has been incomplete since the beginning of 2024, while export data for Bulgaria and Ireland has been incomplete since the beginning of the 2023/24 marketing year. A…

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