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Articles for tag: consumers, ECC, Gas, imports, Latest, ogra, pay, Rs5b

November 24, 2023

News Desk

Gas consumers to pay Rs5b more

Islamabad: Days after slapping gas consumers with an additional cost of Rs 400 billion, the government on Thursday decided to recover an additional Rs 5 billion a month from them due to imported gas supply to fertilizer plants at lower rates after the finance ministry refused to provide funds . The Economic Coordination Commission (ECC) has decided that two fertilizer plants will continue to pay the price of Rs 1,229 per million British thermal units (mmBtu) against imported natural gas at Rs 3,625. ECC-led Finance Minister Dr Shamshad Akhtar agreed that the difference between local and imported natural gas price

November 13, 2023

News Desk

Consumers can get natural gas for 6 hours only in January

Flames shoot from a domestic gas ring of a furnace in Durham, Britain, September 23, 2021. — Reuters The LNG cargo from SOCAR may not arrive until January 2024. The gas deficit will escalate to 470 MMCFD in the same month. Troubled LNG availability has become difficult: official. Islamabad: As winter approaches in Pakistan, the country is likely to face a severe gas crisis as the LNG cargo from Azerbaijan’s state-owned company SOCAR may not arrive until January 2024, energy ministry officials said. The news. Ahead of the impending non-delivery of LNG cargo, the country was estimated to face a

November 11, 2023

News Desk

ECC approves quarterly tariff hike for K-Electric consumers

A representational image of an electricity meter. — Reuters/File Finance Minister Dr Shamshad Akhtar is chairing the ECC meeting. Credit facility of Rs 20 billion for Green Corporate Initiative approved. ECC increases power tariff adjustments by Rs 1.72 per unit. ISLAMABAD: The Economic Coordination Commission (ECC) has approved quarterly tariff adjustments of Rs 1.72 per unit for K-Electric, government guarantees of Rs 100 billion for Pakistan State Oil (PSO) and Rs 20 billion for its Green Corporate Initiative Punjab. The news reported on Saturday. According to an official release, Federal Finance Minister Dr Shamshad Akhtar chaired the ECC session, which

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