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Articles for tag: company, Gas, imports, increases, Latest, LPG, natural, prices, stabilize

March 15, 2024

News Desk

The natural gas company increases LPG imports to stabilize prices

KARACHI: Pakistani households have been left at the mercy of LPG black marketers, who demand significantly higher prices of Rs 300-400 per kg from consumers, who need the fuel to run their kitchens. Consumers, especially in the hilly areas of Gilgit-Baltistan (GB), are forced to pay exorbitant prices, which are much higher than the retail price of Rs 257 per kg fixed by the government. As black marketeers continue to reap windfalls, different stakeholders including local producers, importers, traders and retailers are accusing each other of charging higher prices to end consumers. SSGC LPG Limited (SLL), a wholly-owned subsidiary of

February 21, 2024

News Desk

The fiscal deficit increases to 8.54 trillion

design: Ibrahim Yahya Islamabad: The caretaker government made major revisions to the current fiscal year’s budget, significantly increasing the federal budget deficit to a new record high of Rs 8.54 trillion, but reducing external borrowing estimates by over $6 billion due to non-implementation of Eurobonds and foreign commercial loans. On Tuesday, the Ministry of Finance released its new Annual Borrowing Plan, detailing revised estimates of Pakistan’s growing gross financing needs for bridging the fiscal deficit and debt repayments. The new report reveals that, compared to the federal budget deficit target of Rs 7.5 trillion approved by the last National Assembly,

February 6, 2024

News Desk

The government increases the gas tariff once again

The IMF wants the government to implement the biennial gas review to reduce the circular debt that currently stands at Rs 1,250 billion A representational image showing a lit burner of a gas stove. — Reuters/File Government hikes prices to cover Rs 98 billion deficit. The price for SNGPL increased by 35.13%, SSGCL by 8.57%. Ogra is committed to announcing the gas tariff every two years. Islamabad: Citizens continue to suffer from high bills and inflation as the Petroleum and Natural Gas Regulatory Authority (Ogra) has further hiked the gas tariff to meet a shortfall of Rs 98 billion. The

December 26, 2023

News Desk

Govt increases gas tariffs for 3 fertilizer plants to consolidate rates

Engro Fertiliser, Fauji Fertilizer (Rahim Yar Khan) and Fatima Fertilizer will pay Rs 580/MMBtu for feedstock, Rs 1,580 for fuel stock A worker drains water from a gas filter at the Egas processing plant in Gujar Khan, Pakistan, March 10, 2017. — Reuters Factories will pay Rs 580/MMBtu for feedstock, Rs 1,580 for fuel stock. Oil department official says consolidation will save over Rs 85 billion. Mari Petroleum Company also signed an agreement with three plants last year. ISLAMABAD: In a bid to unify the prices of feed gas for the fertilizer industry with the industrial prices, the government has

November 25, 2023

News Desk

The risk of lung disease increases as air quality worsens, experts say

KARACHI: Issuing a stark warning on Friday, health experts in Pakistan highlighted escalating air pollution evident by worsening Air Quality Index in major cities of Sindh and Punjab. This spike in particles in the air carries an increased risk of chronic obstructive pulmonary disease (COPD) which can cause airflow obstruction as well as breathing problems. These cities are now ranked among the most polluted worldwide, forcing authorities to impose lockdowns. The caution was highlighted during an awareness seminar organized by the Dow Ojha Institute of Chest Diseases (OICD) International Medical College on World COPD Day. Professor Iftikhar Ahmed highlighted the

October 31, 2023

News Desk

Govt increases RLNG duty for Sui gas companies

The Nikolay Urvantsev, a ship carrying Russian liquefied natural gas (LNG), unloads gas in the port of Bilbao, Spain, March 10, 2022. — Reuters Increase due to rise in RLNG Brent prices. Ogra has cut RLNG prices seven times since January. Pakistan relies on LNG to meet almost a third of its requirements. ISLAMABAD: The government has approved an increase of up to half a dollar per MMBTU or 3.8% in re-gasified liquefied natural gas (RLNG) prices for both Sui gas companies for October 2023. The news reported on Tuesday. The Oil and Gas Regulatory Authority (Ogra) has issued a

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