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The departing caretaker government gives NEPRA and OGRA the authority to announce tariffs.

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The NEPRA and OGRA were given the authority to announce tariffs at the eleventh hour by the departing caretaker administration.

Reportedly, the caretaker administration changed the regulation to remove the government’s involvement in tariff announcements and made this significant decision over rising gas and electricity rates.

According to the sources, the federal cabinet has authorised changes to the OGRA and NEPRA regulations, allowing them to publish tariff alerts independently.

According to reports, the caretaker federal cabinet has adopted steps that would allow Nepra to notify consumers about gas and electricity rates.

According to the sources, the modifications will establish appellate tribunals for public complaints.

The already suffering customers were further burdened by the National Electric Power Regulatory Authority’s (NEPRA) announcement earlier on Tuesday of yet another hike in power costs.

As part of the fuel price adjustment (FCA) for January 2024, an increase in power prices of Rs 7.5 per unit has been authorised. The higher cost would be seen in consumers’ bills in March 2024.

Approved under the FCA, this hike affects all consumer groups with the exception of K-Electric (KE) and lifeline users. According to estimates, customers who are already struggling with high expenditures would bear an extra burden of Rs66 billion as a result of this raise.

Previous reports suggested that tariffs may increase, as the Central Power Purchasing Agency (CPPA) requested that NEPRA boost prices by Rs7.13 per unit due to FPA

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The Deputy Prime Minister presides over a session of the Exploration and Production Committee.

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Deputy Prime Minister Ishaq Dar presided over the fifth session of the committee established by the Prime Minister to formulate a comprehensive action plan for tackling the difficulties confronting the exploration and production sector in Pakistan.

The committee achieved a preliminary consensus to present a long-anticipated framework to the executive committee of the national economic council on the sale of 35% of the unallocated gas volumes to external purchasers.

The committee resolved to commence a bidding process for accessible onshore exploration blocks by the following month.

The committee received an update on the current digitalisation initiatives of the Directorate General of Petroleum Concessions (DGPC). A competitive procedure has commenced to facilitate this digital transformation, which will optimise operations and improve efficiency in the sector.

The committee deliberated on a proposal to adjust petrol selling prices monthly or quarterly. The committee instructed the petroleum division to do a more thorough analysis of the idea and present it again at the next meeting.

The committee addressed the security concerns encountered by exploration and production companies, underscoring that the establishment of robust security measures is crucial for fostering investment in the E&P industry to ensure Pakistan’s energy security.

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PTI to intensify pressure on the government on November 24: Barrister Saif

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Khyber Pakhtunkhwa Information Adviser Barrister Saif stated on Tuesday that the Pakistan Tehreek-e-Insaf (PTI) intends to intensify pressure on the “Form-47 government” during its forthcoming protest campaign, planned to commence on November 24.

Saif stated that the residents of KP were making comprehensive arrangements for the gathering on November 24, noting that KP Chief Minister Ali Amin Khan Gandapur had issued directions to legislators from all constituencies to accelerate their preparations for the anti-government initiative.

“We are conducting rallies and corner meetings throughout KP to ensure the success of the gathering on November 24.” Thousands of individuals, along by public officials, will assemble at the Motorway, from which KP Chief Minister Ali Amin Gandapur will direct the procession towards Islamabad,” Saif reiterated.

He stated that November 24 will be a day for the supremacy of law and the constitution.

“I implore individuals to protect themselves from the actions of the fascist regime; otherwise, they will suffer the consequences,” he said.

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Twin cases are sent back to the regular bench by the constitutional court.

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A few cases were returned to the ordinary bench by the newly established constitutional bench on Tuesday, raising doubts about its constitutionality.

In the name of the Ministry of Petroleum, Saeed Khosa’s case was heard by a seven-member bench presided over by Justice Amin-ud-din Khan.

Only cases that fall inside the purview of the constitutional bench should be sent to it, said Justice Muhammad Ali Mazhar.

Notably, on October 23, the matter was referred to the constitutional bench by a three-member panel headed by Justice Mansoor Ali Shah.

Additionally, a different housing society case was returned to the regular bench as well.

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