The UAE face Sri Lanka in the semifinals of the Global qualifiers today. The winner of this match will qualify for this year's Women's T20 World Cup
cricket9 hours ago
The increase in the price cap of the gas the government buys from producers for distribution to Pakistan's industrial and domestic consumers will reflect higher oil prices, and will prompt higher prices for end users, the official said.
"We will realign wellhead prices with international oil prices. As a result of realignment the prices are going to go up. The prices will have to be reflected (for end users)," said Mukhtar Ahmed, energy adviser to Pakistan Prime Minister.
At present Pakistan caps gas sale prices for over 90 fields at $36 a barrel crude equivalent. Gas producers have long lobbied for the government to link gas to international oil prices, and view the present policy as a major hurdle in attracting foreign investment.
Ahmed said that domestic gas prices were reviewed every six months. "At an appropriate time when it is politically also convenient for the government, they would be realigned," he said.
Pakistan's energy secretary Ahmad Waqar said his ministry is in the process of getting cabinet approval and the policy is at "very final stages". "We are just completing the document...we are offering better incentives to the investors in terms of pricing," he said.
Current wellhead prices in Pakistan are around $3 per million British thermal units (mBtu), said Ahmed, who is in New Delhi to discuss the Iran-Pakistan-India gas pipeline.
The UAE face Sri Lanka in the semifinals of the Global qualifiers today. The winner of this match will qualify for this year's Women's T20 World Cup
cricket9 hours ago
The riveting thriller crossed the 3-hour mark before the Pole sealed her incredible comeback victory to gain revenger for her loss to the Belarusian in 2023
sports10 hours ago
He rejects reports that Israel had agreed to end the war as part of a deal to free the hostages
mena11 hours ago
The reigning champions will clinch an unprecedented fourth successive English title if they win their last three matches
sports11 hours ago
Míchel Sánchez's side qualified for the Champions League for the first time in the club's history
sports11 hours ago
The Tractor Boys finish the season on 96 points – just one fewer than champions Leicester - to go from the third tier to the first in successive seasons
sports12 hours ago
A third win in a row pushed the Bengaluru side to seventh place on the points table
sports12 hours ago
The World Food Program is one of the many humanitarian groups trying to get aid into Gaza
mena12 hours ago