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RLNG prices 1.96 pc up for Feb
ISLAMABAD – Oil and Gas Regulatory Authority (OGRA) on Thursday raise the imported RLNG prices upto 1.96 percent due to increase in the cost of supply and delivered ex-ship (DES) prices for month of February. According to a notification, the price of RLNG increase by 1.96 percent transmission and 1.86 percent distribution for Sui Northern…
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Pakistan moves to Ethanol-Blended Fuel to Cut Imports
ISLAMABAD – Pakistan is preparing to launch a voluntary ethanol-blending policy aimed at reducing reliance on imported fuel and boosting renewable energy. The Petroleum Division is expected to approve a draft policy that would allow petrol to be mixed with up to 10 percent ethanol. This initiative follows the formation of a government committee by…
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CPPs gas tariff raised to Rs 3500 per mmbtu
Islamabad (Jan 25) The Economic Coordination Committee was chaired by Federal Minister for Finance Senator Muhammad Aurangzeb with Federal Minister for Petroleum Mr. Musadik Masood Malik, Minister for Power Sardar Awais Ahmed Khan Leghari, Minister of State for Finance and Revenue Mr. Ali Parvez Malik, Chairman OGRA, Chairman SECP, Federal Secretaries, and senior officers from…
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MOL accused of gas sale to a single bidder
ISLAMABAD (Jan 20): The Prime Minister Office and the Khyber Pakhtunkhwa government asked clarity from the Petroleum Division over the proposed sale of natural gas from a field in Kohat without bidding to CNG company. The newly developed Razgir field had finalised the sale of gas to a third party through negotiations instead of open…
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SNGPL: All gas fields are at optimum levels.
ISLAMABAD (Dec 26)The recent claims regarding the closure of indigenous gas fields in favor of imported RLNG require clarification. The gas was closed in some part of December when Power was not off taking RLNG per its demand. All the gas producing fields are OPEN and producing gas per optimum production. Power has started picking…
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SSGC profit surges July-Sept 2023-24
ISLAMABAD – The Sui Southern Gas Company (SSGC) announced a massive consolidated profit of Rs4.5 billion during the quarter ended September 30, 2023. The profit is a complete turnaround from a loss of Rs5.6 billion incurred by SSGC in the same period of the preceding year, according to a announcement of the Pakistan Stock Exchange…