The slow growth rate of electricity demand in the country, together with the rapid commissioning of new base-load power plants implies that the capacity payment obligations, which stood at Rs642 billion in 2018-19 will rise to Rs1.455 trillion by 2022-23. As a result, the average consumer tariff has been increasing and is to further increase as per the recently concluded…
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HANGU: In a bid to arrest widespread effects of third wave of Covid-19, the MOL Pakistan Oil and Gas Company B.V. has extended support to the district management by providing quality hand sanitizers and a sizable quantity of Personal protective equipment (PPEs) including face masks and disposable gowns. The donation was given to the district administration at a ceremony here,…
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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 16th May, 2021 ) :Oil and Gas Regulatory Authority (OGRA) Saturday said the fortnightly price-computation of the petroleum products would be carried out on May 17. The delay in the petroleum prices’ revision was owing to the countrywide anti-coronavirus SOPs (standard operating procedures) introduced to stem the spread of the deadly…
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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has postponed the announcement of new prices of petroleum products on May 16, citing sources, ARY News reported. The announcement regarding the new prices of petroleum products could be made today (May 16, Sunday) as the Oil and Gas Regulatory Authority (OGRA) did not prepare the summary following Eidul Fitr holidays, sources…
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LAHORE: Power tariffs, bad governance, red tape, middleman, nepotism, and corruption are the key economic challenges that need proper legislation and rule-based governance. This was also the diagnosis of this government when it assumed power in August 2018. However even after 33 months in power the issues not only remain unresolved but have intensified. It has not happened for the…
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The new prices of petroleum products will be determined on May 17 this month, as opposed to the regular mid-month date (the 15th), a spokesperson for the Oil and Gas Regulatory Authority (OGRA) said on Saturday. The spokesperson said that due to the May 8-16 curbs and Eid holidays, it was decided that the new prices will be decided on…
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The needle finally seems to be moving on the electricity consumption front. Before going all jubilant, mind you, this comes with caveats. First things first, the cumulative power generation of the national grid delivered to the distribution companies has increased by 4.7 percent year-on-year in the 9-month period of the fiscal year so far. What is also encouraging is the…
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Carved out of the Mianwali district in 1982, Bhakkar district is known for its Thal desert and the gram/chickpeas and moong pulse produced there. The desert, which protrudes into adjoining Khushab and Layyah districts, produces 80 per cent of chickpeas in the country. Spread over 8,153 sq km, the district lies along the left bank of River Indus and is…
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Even as climate change intensifies the call for decarbonisation, the oil and gas sector will play a pivotal role in Singapore, say EY consultants. The oil and gas sector is widely seen as a sunset industry. Write-downs of around US$145 billion (S$193.7 billion) in asset values globally over the first three quarters in 2020 have added to that perspective. Singapore,…
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Pakistan’s intention to use coal for power production through gasification and liquefaction technologies is likely to cause harmful economic impacts and a subsequent increased reliance on fossil fuels in Pakistan, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Author of the report energy finance analyst Simon Nicholas says national policies and plans aimed at the…
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