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Tag: Energy sector

Oil prices
Business
  • Web Desk
  • Mar 06, 2024
Oil prices climb 2%, marking first increase in five days

Oil prices experienced a 2 per cent climb on Wednesday, propelled by a smaller-than-expected build in US crude inventories.

SSGC gas pipeline project
Business
  • Web Desk
  • Feb 22, 2024
SSGC initiates Rs5.1 billion pipeline project to improve gas supply

Sui Southern Gas Company (SSGC) has embarked on a crucial initiative to enhance the natural gas supply to the western region of the country.

electricity prices
Business
  • Web Desk
  • Feb 20, 2024
Pakistan sees major increase in cost of power generation

In January 2024, Pakistan witnessed a substantial 23 per cent surge in the cost of power generation, paired with a decline in generation.

Pakistan Stock Exchange decline
Business
  • Web Desk
  • Feb 20, 2024
PSX ends day with modest 4.50 points gain

The benchmark KSE-100 index closed at 60,464, experiencing minimal changes after erasing an earlier gain of 1.3 per cent.

OGRA hikes LNG prices
Business
  • Web Desk
  • Feb 16, 2024
OGRA announces up to 9% reduction in RLNG rates

According to the updated rates, SNGPL will now charge $11.55/MMBtu and $12.49/MMBtu for distribution and transmission, respectively.

Energy sector debt
Business
  • Web Desk
  • Jan 25, 2024
PM Kakar calls for strong strategy to tackle energy sector’s debt

PM Kakar underscored the imperative need for an effective, long-lasting, and viable strategy to eliminate revolving debt within energy sector.

petroleum production pakistan
Business
  • Web Desk
  • Jan 18, 2024
Pakistan’s petroleum product production surges by 6.49%

The latest data released by the Pakistan Bureau of Statistics (PBS) indicates a significant uptick in the production of petroleum products.

electricity prices
Business
  • Web Desk
  • Jan 17, 2024
Nationwide power generation plummets by over 8%

According to NEPRA, the total power generated in the country dropped by 8.2 per cent compared to the same time last year.

Global oil prices
World
  • Web Desk
  • Jan 10, 2024
Global oil prices surge amid supply disruptions

In response to the recent Middle East crisis and a Libyan supply outage, oil prices experienced a notable surge on Tuesday, rebounding from the previous day’s substantial losses.

gas price hike sngpl
Business
  • Web Desk
  • Dec 13, 2023
SNGPL appeals for gas price hike amidst revenue shortfall projections

Sui Northern Gas Pipelines Limited (SNGPL) has formally requested the Oil and Gas Regulatory Authority (OGRA) for an upward revision in its average prescribed gas price, proposing an increase of Rs506.35 per MMBTU, effective July 1, 2023.

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