Category: Energy
You can go through stories related to energy. The stories are about changes in petroleum prices and updates on energy sector of Pakistan and world.
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Pakistan high petroleum prices massively cut oil sales in July
KARACHI: A big jump in petroleum prices in Pakistan has reduced the domestic sales of oil for the month of July 2022. According to details released on Tuesday Pakistan oil sales commenced the fiscal year 2022/2023 with a decline of 26 per cent MoM to clock in at 1.44 million tons in July 2022 (lowest…
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Pakistan State Oil gets Rs30 billion to avoid default
ISLAMABAD: An amount of Rs30 billion has been approved for Pakistan State Oil (PSO) to avoid payment default. The approval has been given at a meeting of Economic Coordination Committee (ECC), which was held in Islamabad on Sunday with Minister for Finance and Revenue Miftah Ismail in the chair. READ MORE: PSO posts massive growth…
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New petroleum prices in Pakistan from August 1, 2022
KARACHI: Pakistan on Sunday revised the prices of petroleum products effective from August 01, 2022. Ministry of Finance announced the following rates effective from August 01, 2022: The new prices of petrol have been decreased by Rs3.05 per liter to Rs227.19 from Rs230.24. The rate of high speed diesel has been increased by Rs8.95 per…
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ECC approves petroleum dealer margin at Rs7/liter
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet has approved to fix petroleum dealers margin at Rs7 per liter for petrol and high speed diesel. The decision has been taken at a meeting of the ECC presided over by Finance Minister Miftah Ismail on Thursday. The Petroleum Division submitted a summary on revision of…
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KAPCO to contest NEPRA’s show cause notice
KARACHI: Kot Addu Power Company (KAPCO) on Tuesday announced to contest a show cause notice issued by a regulatory authority. In a communication sent to Pakistan Stock Exchange (PSX), the company said it will contest the show cause notice as per law by, inter alia, submitting a detailed reply within the stipulated period and will…
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Pakistan approves LNG at $9 per MMBTU for export sector
ISLAMABAD: Pakistan on Monday approved a rate of $9 per MMBTU for supply of LNG to export sector across the country. The country’s apex economic coordination body approved the rates to provide competitive environment to the export sector at par with regional economies. READ MORE: NEPRA to conduct public hearing on KE’s petition on July…
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NEPRA to conduct public hearing on KE’s petition on July 28
KARACHI: National Electric Power Regulatory Authority (NEPRA) has announced to conduct a public hearing on July 28 over the petition submitted by K-Electric on Fuel Charges Adjustments (FCA) for June 2022. The utility has sought an increase of Rs11.38/KWh in its FCA petition for June 2022. As per applicable tariff across the country, fuel adjustment…
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Pakistan may increase petrol prices from August 1, 2022
KARACHI: Pakistan may review prices of petroleum products for the next fortnight on July 31, 2022, which also consider the massive depreciation of rupee value. Previously the present government had started increasing the petroleum prices on May 26, 2022 when the benchmark Brent Oil was at $112 per barrel and now as of today July…
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Imran Khan demands substantial reduction in petroleum prices
ISLAMABAD: The chairman of Pakistan Tehreek-e-Insaf (PTI), Imran Khan on Monday demanded the present coalition government to reduce the petroleum prices drastically. In a public address on Monday, after securing landslide victory in by-election, Imran Khan demanded the government to cut off petrol prices because the oil prices in the international market has been reduced…
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Revised power tariff, taxes on electricity bills in Pakistan
KARACHI: Various changes have been made to rates of electricity and tariff structure in Pakistan that are effective from July 2022 under the governing laws, rules, and regulations of the Government of Pakistan and NEPRA. The revises rates are applicable nationwide including on consumers in KE’s service territory. The determination of costs of electricity to…
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