Power, petroleum ministries to be merged

A employee installs a new electricity tower in Karachi. -AFP File Photo

ISLAMABAD: With the oil import bill estimated to increase by about 300 per cent to $38 billion by 2015, the government has concurred with the Friends of Democratic Pakistan (FoDP) to merge the ministries of power and petroleum and their sectoral regulators for an integrated solution to the energy crisis.
The government has also agreed to substantially increase power tariff for domestic consumers using over 300 units per month to bring it on a par with the average tariff for industrial and commercial consumers.

Petrol prices to further increase in May

KARACHI: Sources from the Ministry of Petroleum confirmed on Tuesday that petrol prices were set to increase further in the month of May. This announcement comes at a time when commodity prices along with electricity tariffs have gone up, and the country is facing a major power crisis.