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Alternate day CNG closure in Sindh from next week

Source: GEO News | 13-06-2013

KARACHI: Sui Southern Gas Company Limited (SSGC) has announced a new schedule for CNG loadshedding which will be effective starting next week, Geo News reported.

According to the new schedule, CNG stations will remain closed on every alternate day.

Chairman CNG Dealers Association, Abdul Sami Khan said that he has been informed about SSGC’s plan to observe alternate day CNG closure. He added that the decision is unacceptable for the people of Sindh.

He alleged that it has been schemed to transfer Singh’s gas to Punjab.

Transporters say that approximately 95% percent of public transport runs on CNG and that new loadshedding schedule will create great difficulty for commuters.

Sources say, that the decision has been taken to divert Gas from the CNG sector to the power sector to curb the energy shortfall.

Oil prices climb in Asian trade

Source: Geo News | 09-12-2013

Oil prices rose in Asian trade Monday as robust US jobs data boosted hopes for stronger energy demand in the world´s biggest economy. New York´s main contract, West Texas Intermediate (WTI) for January delivery, was up 23 cents at $97.88 a barrel in mid-morning trade, while Brent North Sea crude for January rose 13 cents to $111.74. Sing..... Read more

Reserves may deplete to $8b by June 2013

Source: The Nation | 26-12-2012

The country’s gross official reserves may deplete to $8.24 billion by June 2013 which is 28 per cent or $3.2 billion, lower than what has been projected for last financial year 2011-12, said an official. The official said the current account deficit - gap between total foreign receipts and payments - is expected to widen to $5.3 billion or..... Read more

Oil prices drop

Source: Dawn News | 29-01-2013

Global oil prices fell on Monday as traders cashed in recent gains and awaited fresh economic data from the United States, analysts said. Brent North Sea crude for delivery in March slid 35 cents to $112.93 a barrel in late morning London deals.he contract had surged on Friday to $113.84 — the highest level since mid-October — on a weake..... Read more

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