Energy

In a rare move, government-owned power distribution companies (Discos) have requested a negative fuel cost adjustment (FCA) of 31 paise per unit. This adjustment is aimed at refunding approximately Rs4.5 billion to consumers, who were overcharged in July due to a 20% increase in base tariff for the current fiscal year. Formal Petition Filed by CPPA The Central Power Purchasing …

The National Electric Power Regulatory Authority (Nepra) is set to reduce the power tariff by Rs0.3142 per unit, offering some relief to consumers on their September 2024 electricity bills. This reduction is part of the fuel charges adjustment for July 2024. CPPA’s Petition for Tariff Reduction The Central Power Purchasing Agency (CPPA) has submitted a petition to Nepra, proposing to …

In a decisive move, Prime Minister Shehbaz Sharif has voiced his concerns over the annual loss of Rs500 billion due to electricity theft. Emphasizing the urgent need to cut power prices, he highlighted the dual goals of providing relief to domestic consumers and industries while addressing systemic issues in the power sector. The Prime Minister has also underscored ongoing efforts …

In a bid to tackle the financial challenges plaguing Pakistan’s power sector, the federal government has unveiled plans to reduce current electricity tariffs. This initiative comes amid growing concerns over the sector’s significant financial risks and inefficiencies. The proposed measures aim to provide some relief to consumers while addressing the underlying issues within the power sector. The government’s strategy involves …

Regulatory Overhaul The Pakistani government has decided in principle to limit the powers of the Drug Regulatory Authority of Pakistan (Drap) and establish a new, independent body specifically tasked with overseeing the pricing of life-saving drugs. This move aims to address ongoing issues with drug shortages and pricing efficiency. Industry Reaction The Pakistan Pharmaceutical Manufacturers’ Association (PPMA) has welcomed the …

Expected Price Cuts Pakistan might experience a notable reduction in fuel prices soon, with potential cuts of up to Rs12 per litre for various petroleum products. Industry sources suggest that petrol prices could decrease by over Rs9 per litre, while high-speed diesel (HSD) may see a reduction of up to Rs8.50 per litre. Kerosene oil might also become cheaper, with …

Anticipation for Task Force on IPPs Zaki Aijaz, the Vice President and Regional Chairman of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has expressed strong anticipation for the task force on Independent Power Producers (IPPs) and Pakistan’s Power Sector Reforms. He emphasized the need for holding the 40 IPPs accountable and providing necessary relief to the public. …

Introduction In a recent Senate Standing Committee on Energy meeting, Energy Minister Awais Leghari highlighted a dramatic increase in electricity costs from Independent Power Producers (IPPs), with unit prices soaring from Rs. 3 in 2016 to Rs. 285, marking a staggering 9600% rise over eight years. This revelation underscores significant concerns about the current structure and agreements with IPPs. Concerns …