Fuel prices in int'l market directly impact monthly FCA: MoE

MG News | February 28, 2022 at 11:27 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

February 28, 2022: The Ministry of Energy (MoE) on Monday said price fluctuations of oil and other fuels in the international market, had a direct impact on the monthly Fuel Cost Adjustment (FCA).

The Ministry pointed out it did not have any permanent effect on the electricity prices.

In a statement, the Ministry said every month there was a new increase or decrease in the fuel adjustment, keeping in view the changing trends of fuel prices.

It said the fuel price adjustment was not something like a constant change, rather just a revision upward or downward as per the world market trends.

It clarified that the decision regarding monthly fuel price adjustment was mainly made on the basis of upward or downward fluctuation in rates of oil and other fuels taking place in the international market.

APP

Related News

Name	Price/Vol	%Chg/NChg
KSE100	177,039.83 457.43M	2.69% 4639.92
ALLSHR	106,439.15 980.52M	2.42% 2511.25
KSE30	52,890.43 243.06M	2.84% 1462.27
KMI30	253,474.66 222.84M	2.73% 6731.57
KMIALLSHR	69,154.67 541.49M	2.45% 1654.73
BKTi	48,191.73 63.48M	2.59% 1217.44
OGTi	35,876.09 14.73M	1.97% 692.56

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,695.00	67,360.00 63,430.00	3035.00 4.77%
BRENT CRUDE	83.53	85.93 82.40	-3.80 -4.35%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	3.75 3.14%
ROTTERDAM COAL MONTHLY	125.00	125.00 125.00	-6.00 -4.58%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	81.22	82.42 79.70	-3.66 -4.31%
SUGAR #11 WORLD	13.64	13.90 13.61	-0.06 -0.44%