gas
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Govt gives in to IMF, more than doubles gas tariff | The Express Tribune
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[ad_1] ISLAMABAD: The government on Monday approved an increase up to 113% in the natural gas prices to recover Rs310 billion from the majority of consumers in six months, putting a minimum of Rs736 billion additional burden on the citizens in the form of taxes and energy cost to revive the International Monetary Fund (IMF)…
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Up to 124% gas price hike approved
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[ad_1] In this file photo taken on October 14, 2021, in Dortmund, western Germany, flames of a lit burner of a gas stove are pictured. — AFP ISLAMABAD: In order to implement a major prior condition set by the International Monetary Fund (IMF) for striking a staff-level agreement with Pakistan, the Economic Coordination Committee (ECC)…
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OGDCL finds 3.29 bcf of gas reserves in Guddu | The Express Tribune
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[ad_1] ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) has discovered a hydrocarbon-rich field in Sindh having estimated reserves of 3.292 billion cubic feet (bcf) of gas. Commercial production from the new discovery is poised to start in June this year. However, the company is seeking a one-year extension in the testing phase for the…
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Low gas prices unfeasible: minister | The Express Tribune
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[ad_1] ISLAMABAD: State Minister for Petroleum Division Musadik Malik on Tuesday told the Senate that not increasing the gas prices was placing immense pressure on the national exchequer and its rates would be jacked up at an appropriate time.“We cannot provide cheap gas to consumers after buying it at expensive prices,” he added. The state…
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OGRA recommends 74% increase in sui gas prices | The Express Tribune
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[ad_1] ISLAMABAD: At a time when the people of the country are finding it hard to make ends meet due to skyrocketing inflation, the Oil and Gas Regulatory Authority (Ogra) is seeking to drop a new bomb as it recommended an increase of up to 74% in the natural gas price from July 1. According…
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Govt forms committee to settle gas circular debt
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[ad_1] Man loads a LPG cylinder on a loading vehicle. — AFP/File ISLAMABAD: The Finance Ministry Wednesday formed a committee to settle gas circular debt as it accumulated up to Rs1,500 billion. The Minister of Finance and Revenue Ishaq Dar notified a committee to devise a circular debt settlement plan for gas sector companies, appointing…
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No additional burden on gas, power consumers: PM Shehbaz
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[ad_1] Prime Minister Shehbaz Sharif chairs the meeting to devise a strategy on reduction of circular debt in Energy sector at the PM House in Islamabad on December 19, 2022. — APP In a bid to facilitate the masses, Prime Minister Shehbaz Sharif Monday ordered authorities concerned not to impose additional burden on gas and…
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EU agrees gas price cap to contain energy crisis | The Express Tribune
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[ad_1] BRUSSELS: European Union energy ministers on Monday agreed on a gas price cap, after weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis. The cap is the 27-country EU’s latest attempt to lower gas prices that have pushed citizens’ energy bills…
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Pakistan to import gas from Azerbaijan | The Express Tribune
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[ad_1] ISLAMABAD: In order to cater to the rising energy demand during winter, the government has decided to import additional gas from Azerbaijan in next couple of months. Talking to a private TV channel, Minister of State for Petroleum Musadik Malik said that Pakistan would import 20,0000 tons of additional gas from Azerbaijan during the…
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SSGC issues gas loadshedding schedule for Sindh
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[ad_1] A representational image. — AFP/File Amid severe gas shortage in the country, the Sui Southern Gas Company (SSGC) announced a new load management plan. According to the new plan, gas will be supplied to consumers in Sindh for a total of eight hours during the following windows: Morning: 6-9am, Afternoon: 12-2pm Night: 6-9pm The SSGC…
