National
December 23, 2020
ISLAMABAD: Amid the increasing gas deficit in the country, LPG is also becoming pricier in all the four federating units, particularly in northern parts of the country. However, after being given go-ahead by the ECC and ratification by the cabinet three months ago, the Jamshoro Joint Venture Limited (JJVL), an LPG extraction plant, has failed to resume operations, a senior official told The News. The JJVL with the capacity to produce 300-500 tons of LPG that accounts for 15 percent of total LPG supply in the country, is not operational since June 21, 2020 due to which the national kitty has suffered a loss of Rs 2.834 billion till November 30, 2020, the official told The News while quoting calculations on losses incurred by the SSGC due to the JJVL closure. “The LPG production by JJVL is enough to cater to energy needs of over 750,000 homes across Pakistan, the official said and added that with the closure of JJVL, 5,000 people have lost their jobs
National
December 23, 2020
ISLAMABAD: Amid the increasing gas deficit in the country, LPG is also becoming pricier in all the four federating units, particularly in northern parts of the country. However, after being given go-ahead by the ECC and ratification by the cabinet three months ago, the Jamshoro Joint Venture Limited (JJVL), an LPG extraction plant, has failed to resume operations, a senior official told The News. The JJVL with the capacity to produce 300-500 tons of LPG that accounts for 15 percent of total LPG supply in the country, is not operational since June 21, 2020 due to which the national kitty has suffered a loss of Rs 2.834 billion till November 30, 2020, the official told The News while quoting calculations on losses incurred by the SSGC due to the JJVL closure. “The LPG production by JJVL is enough to cater to energy needs of over 750,000 homes across Pakistan, the official said and added that with the closure of JJVL, 5,000 people have lost their jobs
Petrol prices up as pump pain looms in January
Tuesday December 15 2020
By EDWIN OKOTH
Summary
Petrol has increased by Sh0.97 higher per litre toSh106.82 in Nairobi while diesel and kerosene are up Sh1.12 and Sh1.93 respectively to retail at Sh91.82 and 83.56 for the month to January 14.
Petroleum prices rose marginally this month based on November global price and motorists face higher pump prices in January following a recent rally in crude prices.
Petrol has increased by Sh0.97 higher per litre toSh106.82 in Nairobi while diesel and kerosene are up Sh1.12 and Sh1.93 respectively to retail at Sh91.82 and 83.56 for the month to January 14.
Motorists close to fuel subsidy as oil hits $50
Monday December 14 2020
Fuel at a pump station. Ministry of Energy reckons that Kenyans will not bear costs of diesel prices above $50 a barrel in a subsidy scheme that excludes petrol. FILE PHOTO | NMG
By EDWIN OKOTH
Summary
The subsidy will be supported by billions of shillings raised from fuel consumers through the Petroleum Development Levy, which was increased to Sh5.40 a litre in July from Sh0.40, representing a 1,250 percent rise.
The Kenya subsidy scheme is meant to cushion consumers from volatility in fuel prices but it will also see motorists lose out when paying the Sh5.40 for a litre at the pump.