Staff Report Islamabad: Kuwait has extended oil deferred payment facility for two years to ease the pressure on foreign exchange. Pakistan State Oil (PSO) imports three cargoes of oil every month from Kuwait on 90 days deferred payment facility. The total volume of oil on deferred payment amounts to 1.8 million tons per year. This…
Industrial stakeholders pushed for expediting the approval of the KE Multi-Year Tariff to stabilize industrial planning Staff Report The stakeholders have criticized the government for favouring Baggase-Based IPPs in negotiating a deal with baggase based IPPs to put the burden of depreciation of rupee on the consumers. During a public hearing conducted on Wednesday, it…
Italian firm ENI asked to divert LNG cargo to the International market By Newserman Team Pakistan’s flawed LNG import policy has been exposed as the country continues diverting contract LNG cargoes to International market due to refusal of customers to carry it. PML-N government had planned LNG imports and launched projects in 2015 to…
By Newserman Team K-Electric (KE) wants the power regulator to pass on Rs 76 billion to the legal electricity consumers which it fails to recover from the chronic defaulters. So, these are the power losses which the KE is requesting the National Electric Power Regulatory Authority (Nepra) to allow passing on the electricity consumers in…
Staff Report The government has kept oil prices unchanged by raising Petroleum levy to Rs 80 per liter to fund road and canal projects in Balochistan. These prices expected be slashed up to Rs 8 per liter effective from second fortnight of April 16, 2025. The price of petrol was expected to go down by…
Staff Report Islamabad: Sui Northern Gas Pipeline Limited (SNGP) anticipates suspending up to 354 MMCFD of natural gas purchases from local E&P companies due to the excess RLNG supply and reduced demand from captive users. Topline Research said that the government may also enter negotiations with Qatar to reduce either the number or price of…
Staff Report Oil Companies Advisory Council (OCAC) has asked the government to increase margins of oil marketing companies (OMCs) following losses due to sales tax exemptions. “We are writing to seek your immediate support for the long-overdue revision of OMC Margin and recovery of sales tax-related costs, which is critical for ensuring the sustainability and…
Staff Report Minister for Petroleum, Mr. Ali Pervaiz Malik, held a productive meeting with Ms. Joe Moir, Development Director of the British High Commission in Islamabad, to discuss bilateral energy collaboration and cooperation opportunities in Pakistan’s petroleum sector. The meeting, held at the Ministry of Petroleum, focused on enhancing UK-Pakistan partnerships in oil, gas, and…
Staff Report Islamabad: Central Power Purchasing Agency-Guaranteed (CPPA-G) and 9 bagasse-fired IPPs have sought tariff revision in power purchase agreements. They have filed joint tariff review petitions in accordance with the revised agreements signed after tough negotiations with the Task Force on Power and subsequent approval of Federal Cabinet.Electricity Rates Cut in April 2025 NEPRA…
Our Correspondent Islamabad: The national electric power regulatory authority (Nepra) has allowed the federal government to divert Rs 58 billion funds collected from the oil consumers to provide relief Rs 1.71 per unit rate to electricity consumers. The relief will be application on Discos and KE consumers as well.Iesco Recovers Rs6.3B from Electricity Defaulters …