Tag: Fuel

KUWAIT - Pakistan will not be able to afford subsidies on fuel this summer and much of the rising oil price burden will have to be shifted to the consumer, Water and Power Minister Naveed Qamar told Reuters.
"Pakistan has not yet recovered from the 2008 oil price rise and we have no planned subsidies for the summer months because we can't afford it," Qamar told Reuters in an interview on the sidelines of a ministerial meeting in Kuwait.
Pakistan imports about 80 percent of

ISLAMABAD - It is seems that Minister for Water and Power Syed Naveed Qamar is completely out of touch with the affairs of his ministry, as he thinks that mere enhancement of fuel supplies alone would not resolve the generation woes of the Pakistan Electric Power Company (PEPCO). Talking to the media at the conclusion of Pakistan Energy Conference 2011 in Islamabad on Tuesday, he warned that the electricity demand would shoot up in summer, resulting in increased load shedding. When

LAHORE - The increase in prices of petroleum products helped vegetable and fruit prices to skyrocket at Sunday Bazaars. Prices of nearly all commodities including onions, potatoes, tomatoes, garlic, ginger, peas, lemon, green chillies, apples, guava, bananas and strawberry increased by Rs 4 to 20 per kilogramme.
Vendors said that transporters have increased fares due to which vegetable and fruit prices have also increased. Vendors said that prices of vegetables could increase

KARACHI - The Sindh High Court (SHC) on Wednesday issued notices to the City District Government Karachi (CDGK) and the dairy farmers association among other respondents seeking their explanation over the recent increase in milk prices.
A constitutional petition was also filed in the SHC against the recent increase in inter-city and local public transportation fares in the province. The SHC division bench comprising Justice Musheer Alam and Justice Syed Azhar Rizvi heard a

DASKA - To stop the exit of carbon from vehicles and save the consumption of fuel, an instrument has been invented by a resident of Daska. Reportedly, the vehicles that operate with petrol, diesel and compressed natural gas (CNG) exit carbon monoxide which becomes the cause of pollution in the environment.
To stop this exit and minimise pollution in the air, a resident of Daska, Khalid Mughal, has invented an instrument named "Petro Max" which minimises the exit of carbon

LAHORE - The PML-N and PPP are fueling their political rivalry on doctors' strike, a trauma for patients and ordeal for medical practitioners. Punjab Law Minister Rana Sanaullah has announced the launching of an FIR against Raja Riaz for instigating the doctors on strike.
Rana Sanaullah said that Raja Riaz should convince the doctors to perform their duties rather than inciting them to violation of law and order in the province. He said that Raja Riaz was serving his vested

KARACHI - A constitutional petition was filed in the Sindh High Court on Friday against the government's announcement of increase in prices of petroleum products by 10 percent. The petition was filed by Iqbal Haider pleading the court that the Oil and Gas Regulatory Authority (OGRA) be restrained over hiking of petroleum prices and such acts termed illegal and unconstitutional.
The petitioner had already filed the petition on that same issue recently but the government took back

ISLAMABAD - In order to avoid political backlash in the urban areas due to the unprecedented increase in POL prices, the government is swiftly working on launching a subsidised fuel card scheme for the benefit of bikers and rickshaw owners in next few days. An official source at the Ministry of Finance said the prime minister had directed immediate finalisation of the fuel card scheme, which was conceived in December last year after the unprecedented increase in POL prices in the

ISLAMABAD - Around Rs 27 million of the public exchequer was used for fuel and maintenance of 53 vehicles and inland tours of the top officials of the Ministry of Environment during 2008-10, the Upper House was told on Friday. According to details, over Rs 8 million were spent on fuel and more than Rs 3 million on maintenance of 53 vehicles of the main ministry, which excludes all attached departments, during 2008-9, while over Rs 8.5 million was spent on fuel and Rs 4 million on the

LAHORE - With bus owners facing a petroleum price hike of around 10 to 13 per cent from April 1, transporters in Punjab have increased intercity fares by 15 percent immediately. Rising fuel prices are once again enhancing the cost of living, while commuting intra-city and intercity is making people pay more as the transport owners have escalated the air-conditioned buses' fares from Friday. As per the revised fares list, minimum fare for AC coaches has been set from stop to stop as Rs

LAHORE - Petrol pump owners again resorted to their fleecing techniques by stopping sales on Thursday, as fuel prices are expected to be increased by 10 to 15 percent from midnight, Pakistan Today has learnt. Motorists and motorcyclists were seen searching for petrol from one pump to another. Petrol pumps located in major areas of the city including Model Town, Garden Town, Allama Iqbal Town, Mughalpura, Dharampura, Ghari Shahu and others stopped selling fuel in the evening and hardly

ISLAMABAD - Pakistan State Oil (PSO) is barely managing to ensure the smooth supply of fuel in the face of staggering receivables against different entities of over Rs 158 billion. "We are going through a tough time at the moment, finding it hard to ensure uninterrupted flow of fuel supply when entities in power sector and especially Pakistan Railways have adopted piece-meal approach in repaying our dues accumulated to Rs 900 million," the company's official told APP. The source hoped

LAHORE - The prices of garments have doubled in the last year on the back of soaring cotton prices giving an edge to national exports, the stakeholders of textile and agriculture sector told Pakistan Today on Wednesday. The price of cotton in the course of a single year doubled and resulted in an increase of production costs for all types of garments including denim, shirts, socks and other items. The price of cotton stood at Rs 12,620 per 37.32 kg with one kg cotton costing around Rs

KARACHI - A black market for petrol and diesel is thriving in Saudabad - a locality of Malir Town with few pumps and many customers - where a litre of petrol is being sold at 82 rupees as opposed to the Oil Gas Regulatory Authority (OGRA)-defined rate of Rs 76.77 rupees per litre, Pakistan Today has learnt.
Four shops were discovered by Pakistan Today that are involved in selling fuel in black: one is situated near the RCD Ground (adjacent to Hafiz Sweets), another located at

ISLAMABAD - Pakistan Electric Power Company (PEPCO) Managing Director Rasul Khan Mahsud has said that electricity load-shedding could end in a day if full supply of furnace oil and gas was ensured.
Briefing the National Assembly Standing Committee on Water and Power on Friday, he said PEPCO had a daily furnace oil requirement of 27,000 tons, while Pakistan State Oil managed to provide only 18,000 tons every day. He said PEPCO's total gas requirements were of 780mmcfd but it

LAHORE - Thousands of train passengers were left stranded at the city and cantonment railway stations after several trains were cancelled owing to diesel shortages on Friday. Subsequently, railway authorities were unable to issue a new schedule for the suspended trains. The Railway Station Information Office (117) informed passengers that all trains on Lahore-Faisalabad and Lahore-Narowal sections have been suspended while 117-Up/118-Down Moosa Pak Express, 38-Up Express, 327-Up

TOKYO - Nuclear fuel rods at a quake-stricken Japanese nuclear reactor are now fully exposed, Jiji news agency said, quoting the plant's operator, Tokyo Eletcric Power Co. The report referred to the Fukushima Daiichi complex's No.2 reactor, where levels of water coolant around the reactor core had been reported as falling earlier in the day. The Jiji report said a meltdown of the fuel rods could not be ruled out. A meltdown raises the risk of damage to the reactor vessel and a