Latest news with #High-SpeedDiesel
Business Recorder
15-05-2025
- Automotive
- Business Recorder
Rs2 cut in HSD price, petrol rate unchanged
KARACHI: The federal government on Thursday decided to keep the price of petrol unchanged at Rs252.63 per litre for the next fortnight, despite a decline in international petroleum rates. The move comes as part of a decision to transfer the potential consumer relief to oil refineries, marketing companies, and dealers instead. However, the price of High-Speed Diesel (HSD) has been reduced by Rs2, bringing it down from Rs256.64 to Rs254.64 per litre, according to a notification issued by the Finance Division. The new prices are effective from May 16, 2025. The decision was made on the recommendation of OGRA and relevant ministries. Copyright Business Recorder, 2025
Business Recorder
02-05-2025
- Business
- Business Recorder
Petroleum sales jump 32% YoY in Pakistan as demand surges
Pakistan's Oil Marketing Companies (OMCs) recorded sales of 1.46 million tons in April 2025, up by 32% against the sales recorded in the same month the previous year, according to a Arif Habib Limited (AHL) report on Friday. On a monthly basis, the OMC sales in April were up by 20%, against 1.22 million tons recorded in March 2025. The rise in the sales come in line with a rise in demand as economic activities pick up in the country. As per the AHL report, total sales for the first ten months of the ongoing fiscal year (10MFY25) to 13.22 million tons, reflecting a 6% year-on-year (YoY) increase compared to 12.44 million tons in 10MFY24. Product wise, Motor Spirit (MS) sales saw 24% YoY and 14% MoM rise to 660k tons in April 2025. Similarly, High-Speed Diesel (HSD) sales rose by 33% YoY and 28% MoM to 620k tons in the said month. FO sales for April 2025 rose 182% YoY and 55% MoM to 80k tons. Company wise data showed that among listed entities, Attock Petroleum (APL) sales stood at 130K tons in April 2025, up 28% YoY and 20% MoM, primarily due to a rise in FO and HSD sales. Pakistan State Oil (PSO) saw an increase of 12% YoY while 22% MoM to 620K tons in April 2025. Wafi Energy Pakistan Limited (WAFI) saw an increase of 23% YoY while up 14% MoM to 100K tons. HASCOL sales clocked in at 50k tons, up 76% YoY and down by 4% MoM.
Express Tribune
15-04-2025
- Business
- Express Tribune
Consumers to see Rs51.5b power tariff relief
QATPL is a private limited company, wholly owned by the Government of Punjab and incorporated under the Companies Ordinance 1984 on March 25, 2015. The facility will be a thermal IPP using RLNG as the primary fuel and High-Speed Diesel (HSD) as a back-up. PHOTO: AFP Listen to article Consumers are set to receive a relief of Rs51.493 billion on account of the third quarter of fiscal year 2024-25, with NEPRA scheduled to hold a public hearing on April 29, 2025, to consider the requests of ex-WAPDA distribution companies (DISCOs) for these quarterly adjustments. The proposed reductions pertain to capacity charges, transmission charges, market operator fees, variable operation and maintenance costs, the impact of incremental units, and transmission and distribution losses on the monthly fuel cost adjustment (FCA). According to documents, the DISCOs submitted a consolidated request for the JanuaryMarch 2025 quarter, in accordance with NEPRA's notified tariff and approved adjustment mechanism. The net adjustment is negative, indicating a reduction in recoverable costs for most companies. Multan Electric Power Company (MEPCO) submitted the largest reduction request of Rs15.646 billion, followed by Lahore Electric Supply Company (LESCO) at Rs9.077 billion, Gujranwala Electric Supply Company (GEPCO) at Rs7.204 billion, Tribal Areas Electric Supply Company (TESCO) at Rs4.341 billion, Faisalabad Electric Supply Company (FESCO) at Rs4.690 billion, and Quetta Electric Supply Company (QESCO) at Rs2.238 million, Hyderabad Electric Supply Company (HESCO) at Rs3.903 billion, and Sukkur Electric Power Company (SEPCO) at Rs3.494 billion. Islamabad Electric Supply Company (IESCO), in contrast, requested a net positive adjustment of Rs1.762 billion. Capacity charges form a substantial portion of these adjustments. Key figures include MEPCO at Rs14.437 billion, LESCO at Rs7.824 billion, GEPCO at Rs7.204 billion, FESCO at Rs4.254 billion, SEPCO at Rs3.317 billion, HESCO at Rs3.903 billion, QESCO at Rs2.289 billion, and TESCO at Rs4.035 billion. IESCO and Peshawar Electric Supply Company (PESCO) each reported multiple figures for capacity charge adjustments. NEPRA has clarified that under federal policy guidelines, the quarterly adjustment, once determined, will also apply to K-Electric consumers. A public hearing notice invites stakeholders to submit written or oral comments. Relevant regulations and requests are available on NEPRA's website. FCA for March Additionally, consumers of all DISCOs except K-Electric may benefit from a further relief of Rs0.0309 per kilowatt-hour (kWh) as a fuel cost adjustment (FCA) for March 2025. NEPRA has scheduled a separate public hearing on April 29 to deliberate this proposed decrease. The request, submitted by the Central Power Purchasing Agency Guarantee Limited (CPPA-G), proposes reducing the fuel cost component from the reference rate of Rs9.2560/kWh to Rs9.2251/kWh. Under Section 31(7) of the NEPRA Act, NEPRA is empowered to adjust monthly tariffs based on fuel price variations, subject to federal policy guidelines. If approved, the adjustment will be notified in the official Gazette. In March 2025, total energy generation stood at 8,409 GWh. Hydel sources contributed 1,297 GWh (15.42%), local coal 1,393 GWh (16.57%) at Rs12.2408/kWh, and imported coal 545 GWh (6.48%) at Rs17.7377/kWh. No generation occurred using high-speed diesel, while RFO-based generation was 4 GWh at Rs29.5109/kWh. Gas-based generation stood at 979 GWh (11.64%) at Rs11.8982/kWh, and RLNG accounted for 1,528 GWh (18.17%) at Rs23.1144/kWh. Nuclear energy provided the largest low-cost share at 2,223 GWh (26.43%) at Rs1.9999/kWh. Iran supplied 39 GWh at Rs24.9993/kWh. Renewable sources contributed modestly: wind at 230 GWh (2.74%), solar at 120 GWh (1.43%), and bagasse at 51 GWh (0.61%) at Rs5.9822/kWh. Total generation cost Rs79.522 billion, averaging Rs9.4569/kWh. After adjusting for a previous negative FCA of Rs0.3914/kWh (Rs3.291 billion) and energy sales to IPPs of 27 GWh (Rs1.379 billion), net energy delivered to DISCOs was 8,114 GWh.
Express Tribune
28-03-2025
- Business
- Express Tribune
Govt announces petrol price cut by Rs1 per litre
Listen to article The federal government has announced a reduction in the price of petrol by Rs1 per litre, according to a notification issued by the Finance Division on Friday. The new prices, recommended by the Oil and Gas Regulatory Authority (OGRA), are based on fluctuations in international market rates. As per the notification, the revised prices for Motor Spirit (petrol) and High-Speed Diesel (HSD) will take effect from March 29, 2025. Following the decrease, the new price of petrol will be Rs254.63 per litre, down from the previous rate of Rs255.63. However, the price of High-Speed Diesel remains unchanged at Rs258.64 per litre. OGRA assessed global market trends and submitted its recommendations for adjusting local petroleum product prices to provide relief to consumers, the Finance Division said in the statement.
