Adjustment in the CPP levy
ISLAMABAD (May 4)– Petroleum Division has clarified that any rebate or adjustment in the CPP levy will be considered in subsequent billing months based on the determination of FCA by NEPRA applicable for the respective month of the power tariff. In a…
Pakistan prohibited Indian goods
ISLAMABAD (May 4)– Pakistan has ban the import of Indian origin goods by third countries via sea, land and air with immediate effect after India announced ban on Pakistani goods. On Sunday, Commerce Ministry issued a notification to prohibit Indian…
POL prices build-in wef May 1
ISLAMABAD (May 2) – The ex-refinery prices of petrol and HSD were calculated at Rs 1.40 per litre and Rs 1.93 per litre respectively and adjustment in margins enable the government to reduce the price of both petroleum products by Rs 2 per litre for…
SNGPL earns historical profit & dividend for fy 2023–24
Lahore (April 29) – The Board of Directors of Sui Northern Gas Pipelines Limited (SNGPL) on Saturday recommended a final cash dividend of Rs. 7.50 per share (equivalent to 75%) for the year ended June 30, 2024.The Board also approved the Annual…
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…
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…
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…
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…
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…
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…
