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Saudi Arabia may hike May crude oil prices to Asia

  • 3 min
Saudi Arabia is considering raising the official selling price (OSP) for Arab Light and Arab Extra Light crude in May following the strengthening of Middle East benchmarks. This is driven by a narrowing backwardation structure, rising demand in Asia, and tight supply due to oilfield maintenance and OPEC+ production cuts. The May OSPs are expected to have increases ranging from 20 to 50 cents a barrel.
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NEPRA approves hike in electricity tariff

  • 2 min
NEPRA has approved an increase in electricity tariff for Karachi, following K-electric's plea. The hike of Rs 2.87 per unit is in response to quarterly fuel adjustment. This translates to a total burden of Rs 4.12 on consumers, effective from January to March 2023. The decision has been forwarded to the federal government for notification.
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Impending Hike in Gas Tariff: An Analytical Look

  • 2 min
The Economic Coordination Committee (ECC) of the federal cabinet is rumored to be on the verge of approving a substantial increase of up to 193 percent in the gas tariff, as demanded by the International Monetary Fund (IMF). This decision is set to have far-reaching consequences for both domestic and commercial consumers.