It is interesting to note that in the 1970s and 80s, and even today, power and gas were often provided in sub-urban or rural localities to gain political mileage. I remember watching TV clips of the same. Somehow a basic right is shown as a favour. Contrastingly, today the public acknowledges power as their basic right but pays the bills…
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Continuous ban on the provision of new gas connections is not only irking the consumers but also increasing the backlog of the Sui Northern Gas Pipelines Limited (SNGPL). The situation may worsen as there is no hope of lifting the ban by the government keeping in view the depleting indigenous gas reserves, increasing dependency on the import of Liquefied Natural…
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Financial advisers of the National Power Parks Management Company Limited (NPPMCL) — which owns and operates two LNG-fired plants with a combined capacity of around 2,500 megawatts — have asked the government to immediately finalise gas-sale and power-purchase agreements, debt recapitalisation and payment mechanism if it wanted an early sale of the two units to Qatar. The government is trying…
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Petroleum dealers on Saturday warned the government of a countrywide strike if the latter tried to railroad the proposed oil sector deregulation plan without bringing them and other stakeholders on board, The News has learnt. “We will reject the decision, if taken behind our back,” said Abdul Sami Khan, Chairman Pakistan Petroleum Dealers Association (PPDA), at a ceremony. “It is…
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WITH K-Electric’s (KE) move to increase per-unit charges and the failure of the National Electric Power Regulatory Authority (Nepra) in not finding anything wrong with it, new fuel adjustment charges have added to the worries of the people of Karachi. The KE has only increased its customers’ anxiety and mental agony as it levied fuel adjustment charges on units consumed…
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The National Electric Power Regulatory Authority (Nepra) has announced a deduction of Rs4.11 per unit in power tariff for K-Electric consumers in electricity bills for September. According to a notification, the decline in tariff was made under fuel adjustment charges and the K-Electric consumers will get a relief of Rs4.11 per unit in September. The lifeline consumers of the power…
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Pakistan State Oil (PSO) has urged Power Division to revisit furnace oil demand for the month of October 2022, keeping in view considerable variance in demand and upliftment in September 2022, well informed sources told Business Recorder. PSO, in its three letters written in May, June, July and August 2022, had firmed up its supply plan in line with Ministry of…
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Oil prices rose on Friday as investors considered Russia’s threat to halt oil and gas exports to some buyers, but crude was set for a second straight weekly decline as central banks’ aggressive rate hikes and China’s Covid-19 curbs weighed on demand. Brent crude futures rose 27 cents, or 0.3 per cent, to $89.42 a barrel by 0330 GMT. US…
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Countries are rushing to fill their underground facilities ahead of the winter season in a bid to prevent widespread industrial paralysis and more energy poverty. The need to store gas has become a national security priority in the wake of Russia’s war in Ukraine, with the possibility of a complete suspension of Russian flows looming over the EU.The indefinite shutdown…
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Crude prices edged up about 1% on Thursday after dropping to a seven-month low in the prior session after Russia threatened to halt oil and gas exports to some buyers. That price increase came despite a surprise build in U.S. crude inventories last week and concerns that China’s extension of COVID-19 lockdown measures would slow global economic activity and hit…
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