The Oil and Gas Regulatory Authority (Ogra) has taken action against an artificial increase in LPG prices after complaints that the LPG mafia has started selling liquefied petroleum gas at prices up to 90% higher than what Ogra has set for September. LPG is being sold for between Rs 300 and Rs 360 per kilogramme…
Pakistan has asked the Business Development Mission of the Asian Infrastructure Investment Bank (AIIB) to finance the power generation part of the Diamer Basha Dam Project. During a meeting with an AIIB delegation here on Tuesday, Wapda’s chairman said that AIIB could help WAPDA reach its goal and join the Diamer Basha Dam Project’s power generation…
The National Electric Power Regulatory Authority (Nepra) has indicated raising electricity prices by Rs 3.39 per unit due to quarterly changes, amidst ongoing protests against inflated energy bills. Now, consumers will be paying another increase in electricity bills in the upcoming months. The further hike in electricity rates will put a Rs 94 billion burden…
ISLAMABAD (Newz Todays) : A Chinese firm has approached the government with a proposal to increase Quaid-e-Azam Solar Park’s installed capacity to 900 MW in order to end the world’s worst energy crisis. The President of Xingchu Century Technology Co., Ltd. (the parent company of Zonergy Solar Development Pakistan) met with a Pakistani minister in…
Pakistan Urea sale in Aug-2022 is likely to clock in at 543,000 tons, down 16% YoY primarily due to heavy rainfall across the country. However, the sale is likely to be up 17% month on a monthly basis (MoM) due to seasonal impact. Urea sales in the first eight months of 2022 are likely to…
Research Report Sui Southern Gas Company Limited (SSGC) has reportedly benefitted a selected group of captive power plants (CPPs) by supplying gas, costing the public to the tune of Rs 130 billion. Transparency International has making this shocking disclosure in a letter sent to Prime Minister Shahbaz Sharif. In a letter to the premier, Transparency…
Oil marketing companies (OMCs) have faced a massive decline in the sale of petroleum products during the month of August 2022. The sale of petroleum products dropped by 31 per cent during the month of August 2022 following speculation of an increase in prices. It dropped by 37 per cent compared to the sale in…