OMCs found guilty of hoarding petroleum products
ISLAMABAD: A fuel crisis committee probing the current shortage of petroleum products in the country has found some OMC’s guilty of hoarding...
Massive hike in gas tariff on the cards
SNGPL seeks Rs622 per mmbtu hike, while SSGC wants Rs85 per mmbtu increase in gas price to meet FY21 revenue requirements
Petroleum Division says protest near gas field might hamper supply, asks KP government to take action
LAHORE: The Petroleum Division has taken notice of the attempt to mobilise agitation and protests in District Kohat and has asked the...
No lockdown, no problem: oil volumes increase in May
Most fuel types have seen a sharp recovery last month as pandemic-induced lockdowns ease, except for jet fuel
PSDP 2020-21: Govt allocates Rs74.5bn for power sector projects
Of the total, Rs72.48bn will be spent on ongoing projects, while Rs2.01bn have been earmarked for new schemes
OGRA imposes Rs40mn penalty on six OMCsÂ
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has imposed a penalty amounting to a total of Rs40 million on six Oil...
Substandard hardware sold to DISCOs behind extraordinary line losses: CCP
ISLAMABAD: The Competition Commission of Pakistan (CCP)'s inquiry committee has alleged "embezzlement of billions of rupees" in the supply of line hardware...
Cabinet approves appointment of SNGPL directors, SME Bank president
ISLAMABAD: The Federal cabinet on Tuesday approved the appointment of 11 Board of Directors (BoD) of Sui Northern Gas Pipelines Limited (SNGPL)...
Government initiates inquiry against oil companies
ISLAMABAD: The federal government has initiated an inquiry against Oil Marketing Companies (OMCs) that will ascertain their alleged involvement in the current...
Pakistan, Germany sign Rs700mn agreement on renewable energy
ISLAMABAD: Germany will provide technical assistance, worth Rs700 million, to Pakistan in the field of renewable energy and energy efficiency.
An agreement was...
Karachi to receive additional 1,400MW electricity by 2023: Asad Umar
ISLAMABAD: Planning, Development and Special Initiatives Minister Asad Umar said on Monday that Karachi city would receive additional 1,400MW electricity by 2023.
He...
Govt likely to allow petrol stations to set their own prices
As consumers across the country face difficulties due to petrol shortage, the government is currently contemplating completely deregulating pricing and marketing of...
Govt considering fixed Rs20 per litre GST on petroleum products
As oil prices decline in the international market, the government in a bid to protect its revenues is considering setting the General...
ECC ignored advice of Petroleum Division on preempting supply shortage of petroleum products
The Economic Coordination Committee (ECC) of the Senate is to blame for the current shortage of petroleum products as it rejected a...
Committee for negotiations with IPPs notified
ISLAMABAD: The Ministry of Energy has notified the constitution of a five-member sub-committee to negotiate with Independent Power Producers (IPPs), asking it...