Latest news with #Rs6.15
Express Tribune
4 days ago
- Business
- Express Tribune
KE base tariff raised by Rs6.15 per unit
Prior approval to NEPRA K-electric consumer may seen a huge relief over electricity bills. PHOTO: FILE In a bold assertion of its regulatory autonomy, Pakistan's power watchdog has notified K-Electric's long-delayed multi-year tariffs for supply, distribution, and transmission through 2030 — despite an unresolved review motion by the federal government. The power regulator has notified Rs6.15 per unit increase in base tariff for KE consumers. The government implements uniform across the country and government provides subsidy for KE consumers to implement uniform tariff. The National Electric Power Regulatory Authority (Nepra) moved ahead with the notification after determining that no legal bar existed to halt implementation. It invoked its enhanced powers under a 2021 legal amendment, which allows the regulator to issue tariff notifications directly — authority that previously rested with the federal government. The landmark move reflects pressure from international lenders, notably the IMF and the World Bank, to depoliticize tariff-setting and fast-track power sector reforms. "This situation could impair KE's financial health and undermine power supply continuity, ultimately affecting consumers and the broader energy market," Nepra warned in its statement. The newly notified average power supply tariff for KE stands at Rs 39.97 per kilowatt-hour for 2023-24, comprising Rs 31.96/kWh in power purchase cost, Rs 2.86 for transmission, Rs 3.31 for distribution, and Rs 2.28 as the supply margin. A prior year adjustment of minus Rs 0.44/kWh has also been included. Nepra estimated KE's total revenue requirement for FY 2023-24 at Rs 606.9 billion, with Rs34.7 billion allocated for supply margin and Rs 36.2 billion set aside to cover recovery losses. Despite the formal tariff approval, KE's finances remain under severe pressure. With bill recovery slipping to 91.5pc in FY 2023-24 and projected to fall to 90.5pc next year, the utility could face cumulative under-recoveries nearing Rs97 billion over two fiscal years. Nepra cautioned that KE's permitted Rs21.6 billion return on distribution operations might be wiped out without government support or adjustments. Nepra simultaneously approved a distribution tariff of Rs 3.31/kWh and Rs 2.684/kWh specifically to support a Rs 43.4 billion investment plan over the seven-year Multi-Year Tariff period. The government had challenged K-Electric's multi-year tariff (2024-30) approved by the power regulator last week, alleging the utility got an undue favour of Rs750 billion over the seven-year period at the cost of the national exchequer, power consumers across the country and taxpayers at large. In a statement, the power division had announced that the six tariff interventions allowed by Nepra to KE entailed a financial impact of Rs453bn spread over seven years. On top of that, the division added, a fuel cost impact higher than the national average for 2024-25 alone meant an additional cost of Rs41bn, which even if it remains flat would translate into Rs287bn in seven years. The division said the government position was to seek review of the Nepra determination to ensure fairness and uniformity, tariff must reflect actual costs and reasonable returns to protect consumers and there should be no extra allowance for inefficiency.
Business Recorder
31-05-2025
- Business
- Business Recorder
Ogra slashes LPG prices for June
ISLAMABAD: In line with a decline in oil prices globally, the Oil and Gas Regulatory Authority (OGRA) has issued a notification for the reduction in LPG prices for June 2025. The OGRA has reduced the price of a domestic LPG cylinder by Rs55 and a commercial cylinder by Rs210. There has been a reduction of Rs3,921 per metric ton in the government's production price. LPG prices down by Rs6.15 per kg Now, LPG will be available at Rs241 per kg instead of Rs245 per kg, a domestic cylinder will be available at Rs2,838 instead of Rs2,893, and a commercial cylinder will be available at Rs,10,920 instead of Rs11,130. The LPG producer price is linked with Saudi Aramco-CP and US$ dollar exchange rate. As compared to previous month, Saudi Aramco-CP has decreased by 2.67 per cent. The average dollar exchange rate has slightly increased by 0.35 per cent resulting to decrease in LPG consumer price by Rs54.60/11.8 kg cylinder (1.88 per cent). The per kg decrease in LPG consumer price is Rs4.62. Copyright Business Recorder, 2025
Express Tribune
01-03-2025
- Business
- Express Tribune
Prices of petroleum products slashed
The government on Friday night slashed the prices of the petroleum products for the next 15 days, while the Oil and Gas Regulatory Authority (Ogra) cut the rate of liquefied petroleum gas (LPG) for the month of March, according to separate notifications. The Finance Division said in a press release that price of high-speed diesel (HSD) was cut by Rs5.31 per litre, motor spirit (petrol) by Rs0.50 per litre, kerosene oil by Rs3.53 and light diesel oil (LDO) by Rs2.47. Separately, Ogra notified a reduction of Rs6.15 per kilogramme in the price of LPG. "The Oil & Gas Regulatory Authority (OGRA) has reviewed and adjusted consumer prices for petroleum products in view of recent fluctuations in the international oil market," the finance division stated. The prices took effect from midnight Friday and would be effective until February 15. According to the press release the price of HSD slashed from Rs263.95 to Rs258.64; MS (petrol) went down from Rs256.13 to Rs255.63, superior kerosene oil from Rs171.65 to Rs168.12 and the LDO from Rs155.81 to Rs153.34. Meanwhile, the rate of a domestic-use LPG cylinder came down by Rs72.57, as per the Ogra notification. The notification said the price of LPG rate for the month of March would be Rs247.82 per kg. Hence, an 11 kgs cylinder would cost Rs2,924.31, down from Rs2,996.88 during February. LPG, also known as cooking gas or canister gas, is widely used in Pakistan as an alternate fuel primarily for domestic and commercial cooking. Additionally, it serves as an energy source in the automotive sector, industrial applications, and power generation.
Express Tribune
28-02-2025
- Business
- Express Tribune
OGRA announces price cut for domestic LPG cylinders
Listen to article The Oil and Gas Regulatory Authority (OGRA) has announced a reduction in the price of domestic LPG cylinders, Express News reported. According to the notification issued by OGRA, the price of the domestic LPG cylinder has been reduced by Rs72.57 for an 11.8 kg cylinder. Following the price reduction, the new cost of an 11.8 kg LPG cylinder is set at Rs2,924.31, effective from March 1. Furthermore, the price per kilogram of LPG has been reduced by Rs6.15, to settle at at Rs247.82 per kg.
