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New LNG deals sought on take-or-pay basis
Terminal developers urge gas utilities to allocate pipeline capacity
ISLAMABAD:
The Petroleum Division wants the new LNG terminal operators to sign agreements on a take-or-pay basis regarding allocation of pipeline capacity following the model of existing LNG terminals.
New LNG developers have been pressing the gas utilities to allocate pipeline capacity.
Earlier, the Cabinet Committee on Energy (CCOE) had decided to allocate pipeline capacity on three months basis till commercial operations of new LNG developers.
At that time, the Petroleum Division had sought to sign pipeline capacity agreement on take-or-pay basis and asked new LNG developers to give firm commitment regarding date of commercial operations of LNG terminal. However, they were not ready to give firm date of commercial operations. Therefore, CCOE had decided to allocate pipeline capacity on three months basis till the commercial operations of new LNG terminals.
PQA ends cess on LNG vessels
Collects $47.5 million CDC meant for widening the channel to berth
The SAPM on power and petroleum stated that it was very difficult to pre-empt the demand of LNG, which fluctuates heavily due to the seasonal and other reasons. PHOTO: FILE
ISLAMABAD:
The Port Qasim Authority (PQA) has discontinued the Channel Development Cess (CDC) it has been charging on LNG vessels.
PQA had collected $47.5 million CDC meant for widening the channel to berth the liquefied natural gas (LNG) vessels.
However, two state-run energy companies - Pakistan LNG Limited (PLL) and Pakistan State Oil (PSO) - had pointed out that LNG vessels were still facing problems in navigating despite PQA collected the cess. The two companies informed the Petroleum Division that the CDC was collected for the first 200 LNG carriers for channel widening and dredging.
Daily Times
July 1, 2021
The government on Wednesday approved an increase of Rs 2 per litre in the price of petrol. Special Assistant to the Prime Minister for Political Affairs Dr Shahbaz Gill took to Twitter to share the news. Gill said, “The price of petrol has been increased by Rs 2 per litre while high speed diesel price has been hiked by Rs 1.44.” He said that the Oil and Gas Regulatory Authority (Ogra) had proposed Rs 6.05 per litre increase in petrol price and Rs 3.44 per litre increase in diesel price due to hike in international crude prices; however, the prime minister rejected the proposed increases. After the increase, the price of petrol reached Rs 112.69 per litre, whereas the per litre prices of diesel would be Rs 113.99. Petrol and HSD are two major products that generate most of the revenue for the government because of their massive and yet growing consumption in the country. Earlier, the federal government on June 1 increased the price of petrol by Rs 2.13 p
Petrol price goes up by Rs2 per litre
July 1, 2021
ISLAMABAD: The price of petrol in Pakistan has gone up by Rs2 per litre from today (Thursday), according to Special Assistant to Prime Minister on Political Communication Shahbaz Gill.
Gill said that the Oil and Gas Regulatory Authority (Ogra) had recommended an increase of Rs6.05, but Prime Minister Imran Khan rejected it, instead approving an increase of Rs2 per litre for petrol, Geo News reported. The premier s aide said that the recommended increase by Ogra was in accordance with a rise in fuel prices in the international market.
According to Gill, the recommendation also included an increase of Rs3.44 for the price of diesel but the prime minister approved an increase of only Rs1.44. A notification issued by the Ministry of Finance said that kerosene oil would see an increase of Rs3.86 per litre, whereas light diesel oil would go up by Rs3.72.