ISLAMABAD: The federal government on Thursday announced petroleum products prices for the next fortnight, hiking petrol and high-speed diesel’s prices, ARY News reported. According to a notification issued here, the petrol price has been hiked by Rs 1.35 to Rs 248.38 per litre. The price of high-speed diesel has been fixed at Rs 255.14 per litre after an increase of…
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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has jacked up the per kilogram price by Rs 2.88 per kilogram Ra price hike for the month of November, impacting household and commercial consumers across Pakistan. This increase in LPG prices comes amid the ongoing volatility in energy markets. As per the new notification, LPG prices have increased by PKR 2.88…
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ISLAMABAD: National Assembly Standing Committee on Petroleum Division on Thursday expressed serious concern over inadequate regulatory oversight that has led to the misuse of Corporate Social Responsibility (CSR) funds and the underutilization of the Production Bonus and Training Fund by exploration and production (E&P) companies. Chaired by MNA Syed Mustafa Mehmood, the Standing Committee convened to review the CSR initiatives…
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As security concerns for Chinese nationals intensify, Pakistan’s Foreign Ministry urges a return to diplomatic norms in addressing sensitive issues with Beijing The Pakistan Foreign Ministry issued a rare statement addressing remarks made by Chinese Ambassador Jiang Zaidong during the high-profile “China at 75” conference held earlier this week in Islamabad. The Ministry’s spokesperson, Mumtaz Zahra Baloch, clarified that the…
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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) held a public hearing on October 31, 2024, to review a petition by K-Electric (KE) for a provisional monthly fuel charge adjustment (FCA) for September 2024. If approved, the requested adjustment would provide an anticipated relief of PKR 247 million, which translates to a reduction of PKR 0.16 per unit for consumers…
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Karachi, Pakistan – Wafi Energy, a well-established Saudi energy company and affiliate of the Asyad Group, has officially acquired a majority shareholding in Shell Pakistan Limited, the exclusive licensee for Shell products in the country. This strategic acquisition underscores Wafi Energy’s commitment to expanding its footprint in Pakistan’s energy sector while fortifying Shell’s reputable service in the region. The powerful…
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KARACHI (Oct 31): Sindh Chief Minister Syed Murad Ali Shah, in his meeting with the Canadian High Commissioner Ms Leslie Scanlon, said that his government, through the Karachi transformation project, was improving the infrastructure to make the city liveable and attracting investment. The meeting also included the Director General for South Asia in Ottawa, Canada, Ms. Marie Louise Hannan, and…
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Islamabad: The government has rejected a report analyzing the reasons behind the Neelum-Jhelum Hydropower Project’s tunnel collapse, which allegedly cost Rs 100 million to produce. The reason for the rejection? The findings and recommendations of the report were reportedly available for free on ChatGPT, an AI tool. According to The Express Tribune, the report was presented at a meeting led…
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ISLAMABAD: The Central Power Purchasing Agency-Guaranteed (CPPA-G) is set to propose a Rs 1 per unit reduction in fuel charges for bagasse-fired Independent Power Producers (IPPs), following newly finalized agreements with owners of eight IPPs, informed sources disclosed. The proposal will be presented during the Fuel Charges Adjustment (FCA) public hearing for Distribution Companies scheduled for October 30, 2024. According…
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ISLAMABAD: The rapid growth of rooftop solar systems is transforming Pakistan’s energy landscape but also creating disparities for lower-income electricity consumers who remain dependent on the traditional grid. To address this, ensuring equitable energy access for all consumers is crucial. This concern was the focal point of a session titled “Navigating the Solar Surge: Ensuring Equitable Energy Access in Pakistan’s…
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