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Articles for tag: 2025, budgetary implications, consumer burden, consumer impact, cost of energy, cost of fuel, cost of living, diesel price increase, diesel price prediction, domestic prices, economic challenges, economic impact, economic stability, economic strain, Energy crisis, Energy sector, February 1, fuel cost, fuel economy, fuel price adjustment, fuel price adjustment plan, fuel price changes, fuel price forecast, fuel price policy, fuel subsidies, government decision, government policy, inflation impact, national economy, oil price fluctuation, oil price trends, Pakistan economy, Pakistan fuel prices, petrol price hike, petrol price prediction, petroleum products, price hike concerns, price increase announcement, price pressure, price rise, price surge, Public Transportation, rising fuel costs, Rs3 per liter, Rs6 per liter, transportation costs, transportation sector

January 30, 2025

The Pakistan Daily

Fuel prices set to rise again in February

Pakistanis are bracing for another potential increase in fuel prices, with sources indicating that the government is planning to raise petrol and diesel prices by up to Rs3 per liter and Rs6 per liter respectively, starting February 1, 2025. The anticipated price hike is attributed to the rising global crude oil prices. Sources suggest a Rs3 increase for petrol and a potential Rs6 increase for high-speed diesel, based on a forthcoming bi-weekly review. The Oil and Gas Regulatory Authority (OGRA) will submit a recommendation to the relevant ministry, factoring in international oil prices and exchange rate fluctuations. The final decision

January 10, 2025

The Pakistan Daily

JI announces nationwide protests from January 17 over electricity prices

LAHORE: Jamaat-e-Islami (JI) has announced a nationwide protest on January 17 against the government’s failure to reduce electricity prices. Addressing a press conference, JI Chief Hafiz Naeem-ur-Rehman criticised the government over the economic situation and said that while Prime Minister claims improvements in the stock market and economic indicators, the prices of essential items like petrol and food remain unaffected. Raising concerns about Independent Power Producers (IPPs) the JI chief said that despite their closures, electricity bills have not decreased. He alleged that the government gives Rs. 2 trillion to IPPs, exempts them from income tax, and burdens salaried individuals

October 31, 2024

The Pakistan Daily

Germany seeks COAS General Asim Munir’s help over IPP deal termination

ISLAMABAD: Germany has sought the intervention of Pakistan’s Chief of Army Staff, General Asim Munir, in amending a settlement agreement involving a 450MW power plant operated by Siemens. This move follows a disputed settlement agreement that German stakeholders allege they were compelled to accept, triggering diplomatic concern over investor confidence in Pakistan. According to media sources, Germany’s Ambassador to Pakistan, Alfred Grannas, formally requested General Munir’s assistance following Siemens’ enforced settlement, which requires the company to transfer the plant at a nominal cost to the Pakistani government. The government, however, asserts the settlement was mutually negotiated. Siemens holds a 26%

September 7, 2024

News Desk

Pakistan seeks to renegotiate power deals to reduce unsustainable power costs, says Minister Leghari

Pakistan is renegotiating contracts with independent power producers to curb “unsustainable” electricity tariffs, Energy Minister Awais Ahmad Leghari said as power customers face rising unsustainable costs. Rising electricity tariffs have sparked social unrest and shuttered industries in the $350 billion economy, which has shrunk twice in recent years as inflation hit record highs. “The existing price structure of power in this country is not sustainable,” Awais Leghari, a federal minister who heads Pakistan’s Energy Department, told Reuters in an interview on Friday. He said discussions are taking place between power producers and the government because “there is a clear understanding

August 30, 2024

News Desk

KE is seeking a tariff hike of over Rs 3 per unit

Islamabad: K-Electric (KE) has sought an increase of over Rs 3 per unit in its electricity tariff due to July 2024 fuel levy adjustment. In this context, the National Electricity Regulatory Authority (Nepra) held a public hearing on Thursday for KE customers. The private power company has sought recovery of Rs 3.09 per kilowatt hour (kWh) from consumers through electricity bills. Many businessmen highlighted the need to supply natural gas to the JV, which would lead to a reduction in fuel duty adjustment. Nepra had earlier announced that the hearing would discuss issues related to the justification of fuel duty

August 2, 2024

News Desk

Prime Minister Shehbaz promises the nation to reduce electricity prices in Pakistan

Listen to the article Prime Minister Shehbaz Sharif announced on Friday that reducing electricity prices was a top priority for the PML-N government and its allies. He emphasized that providing relief to electricity consumers was a key agenda for PML-N Chairman Muhammad Nawaz Sharif and his administration. Addressing a cabinet meeting, the Prime Minister emphasized the need to reduce electricity prices to boost Pakistan’s exports. He noted that both the agricultural and industrial sectors will find it difficult to expand without a reduction in electricity costs, stressing that competitiveness in industry is closely linked to lower energy prices. Sharif criticized

April 8, 2024

News Desk

Iran-Pakistan pipeline: a much-needed lifeline

KARACHI: It is no exaggeration to call the energy crisis in Pakistan the mother of all crises. I have reiterated the worsening impact of the crisis on all factions of society in previous articles, as ignoring this elephant in the room is no longer something we as a nation can afford. At the heart of this crisis is the rapid depletion of the country’s energy resources, coupled with an apparent lack of further exploration and development. Pakistan’s heavy reliance on finite energy resources, mainly natural gas and oil, has created a precarious imbalance between supply and demand. It is indeed

June 12, 2022

The Pakistan Daily

Energy crisis deepens as electricity shortfall exceeds 5,000MW

ISLAMABAD: The power shortfall is more than 5,000 MW at present and 12-hour load shedding is taking place in different parts of the country. According to Power Division, the power shortfall across the country is still 5,629 MW. The total power generation is 22,108 MW and the total demand for electricity is 27,737 MW. 5,344 MW of electricity is being generated from water. Government thermal plants are generating 1,590 MW of electricity and the total output of private sector power plants is 12,09 MW. While 1,643 MW of electricity is being generated from wind power plants and 119 MW from

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