K-electric management has said that revised tariff determination by Nepra will have far reaching consequences for KE and stakeholders, including consumers. In a statement and notice issued to Stock Exchange, KE said that the National Electric Power Regulatory Authority (NEPRA) has issued its decision on the motions for leave for review filed by various parties…
Pakistan State Oil (PSO) is likely to post robust growth in earnings during 1QFY26, primarily due to reduction in finance cost and decent inventory gains. Board meeting of Pakistan State Oil (PSO) is scheduled on October 28 to announce 1QFY26 results. Analysts expect PSO to post net earnings of Rs27.5 per share during 1QFY26 versus…
National Electric Power Regulatory Authority (Nepra) has reduced the electricity rate up to Rs 7 per unit for KE consumers. In a decision issued here, the power regulator has reduced the power tariff from Rs 39 to Rs 32 per unit under multiyear tariff that would hit the company. The power regulator maintains earlier decisions…
Abdul Sami Khan, Chairman of the Oil Companies Advisory Council (OCAC), has cautioned that the Sindh Infrastructure Development Cess (IDC) imposed on petroleum imports threatens to paralyze the national oil supply chain. Read More: OMAP Protests Sindh Cess Deduction Without Price Adjustment Abdul Sami KhanChairman OCAC said in a letter to chief minister Sindh that…
Pakistan is preparing to hold its first-ever electricity auction in November 2025, marking a major transformation in the structure of the country’s power sector. The auction will operate under CTBCM, introducing a multi-buyer and multi-seller framework designed to ensure transparency and efficiency in electricity trading. The newly established Independent System and Market Operator will manage…
Oil marketing firms warn 1.85% cess will disrupt fuel supply if not integrated into official pricing. “We express our sincere appreciation for the Ministry of Energy (Petroleum Division)’s continued efforts toward maintaining stability and regulatory balance within the petroleum sector,” Tariq Wazir Ali Chairman OMAP said adding that however, through this letter, we wish to…
Topline report attributes decline to weaker hydrocarbon output, lower crude prices, and higher taxes. Topline has expected that oil and gas exploration companies are expected to face 8% YoY decline in earnings in 1QFY26, primarily due to a decline in hydrocarbon production and oil prices. Oil production during the quarter averaged 62.2k bpd, down 5%…
Petroleum Division asked Oil and Gas Regulatory Authority (OGRA) to issue directives for enhancing upcountry fuel supply via pipeline from October 1, 2025. It is aimed at improving efficiency and reduce road congestion. Earlier, tankers mafia have been controlling supply of petrol and after enhancing share of petrol supply through pipeline will help shifting oil…
Islamabad: The Oil Marketing Association of Pakistan (OMAP) has accused the Oil and Gas Regulatory Authority (OGRA) of harassing the petroleum industry by intruding into deregulated sectors while failing to perform effectively in its actual regulatory areas. In a strong statement, OMAP criticized OGRA’s “unwarranted interference” in the solvent trade — a deregulated segment —…
Aljomaih Power Ltd, shareholder of K-Electric has said that Chishty does not have shares in KE and therefore, can not sell it. In a communication sent to K-Electric, Shan A. Ashary Director has termed the signing of deal between Chishty and Saudi Investors as tactic to gain popularity and just a photo session. Read More:…