KARACHI: Pakistan domestic oil sales have dropped by 14 per cent in Month on Month (MoM) in December 2022 due to overall slowdown in the economy.
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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 maintains petroleum prices for first fortnight of 2023
ISLAMABAD: Pakistan on Saturday maintained the prices of petroleum products at the previous level for the first fortnight (January 1-15, 2023).
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Pakistan plans shifting government offices to solar power
ISLAMABAD: Pakistan has planned to shift the government offices to solar power by April 2023 to slash oil import bill of the country.
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KE applies for providing relief to consumers in November electricity bills
KARACHI: K-Electric, the utility company, has filed a petition to provide relief to its consumers in the electricity bill for the month of November 2022.
A statement on Monday said that the company for the month of November 2022, it filed a petition for a reduction in Fuel Charges Adjustment (FCA) at the rate of PKR 7.04 /kwh (per unit).
NEPRA will conduct a public hearing today over the petition submitted by K-Electric on account of Fuel Charges Adjustments (FCA) for November 2022.
November’s FCA was lower primarily due to a reduction in prices of RLNG, Furnace Oil, and power purchased from CPPA-G by 18 per cent, 15 per cent, and 37 per cent respectively as compared to September 2022.
FCAs are dependent on changes in global prices of fuel and are passed on to consumer bills under the prescribed rules and regulations of NEPRA and the Government of Pakistan.
FCAs are approved by NEPRA after review who also specifies the month during which the charge is applied in consumer bills.
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Pakistan may surprise in next petroleum price revision on Dec 31
ISLAMABAD: Pakistan may surprise in next revision of petroleum prices scheduled on December 31, 2022 amid political uncertainty and mounting inflationary pressure.
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Attock Refinery restarts distillation unit
KARACHI: Attock Refinery Limited on Monday said its distillation unit has restarted working, which was shut down previously.
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Pakistan issues official petroleum prices applicable till Dec 31
Pakistan has issued official petroleum prices that will remained applicable till December 31, 2022. The official prices of petroleum products from December 16, 2022 to December 31, 2022 are:
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Pakistan Petroleum signs agreement for Reko Diq Project
KARACHI: Pakistan Petroleum Limited (PPL) has announced signing of an agreement for reconstituted Reko Diq Project.
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Pakistan sharply cuts petroleum prices effective from Dec 16, 2022
ISLAMABAD: Pakistan on Thursday sharply reduced the prices of petroleum products for next fortnight effective from December 16, 2022.
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Attock Refinery shuts down distillation unit
KARACHI: Attock Refinery Limited on Tuesday announced a temporary shutdown of its distillation unit due to ullage constraints.
In a communication shared with the Pakistan Stock Exchange (PSX), the company informed that due to ullage constraints from low demand for furnace fuel oil, Attock Refinery Limited is temporarily shutting down its main distillation unit for approximately eight days.
“During this period some necessary maintenance jobs would also be carried out,” the company added.
Consequently, as result of this shut down refinery will be operating at capacity of 35 per cent.
However, adequate inventories of products are available to meeting the current requirements, the company added.
“This has been intimated to the ministry of energy (petroleum division) and Oil and Gas Regulatory Authority (OGRA) accordingly,” the company said.