petroleum division
Petrol Prices Likely to Increase in Pakistan from November
2 min read
Pakistan’s petrol prices are projected to increase from November 1 due to volatility in the international oil market and the effects of new US sanctions…
Pakistan-Qatar LNG Deal Likely to Be Renegotiated
2 min read
Pakistan has decided to seek renegotiation of its LNG deal with Qatar after industrial slowdown and lower power demand left the country with more than…
Govt to Allow New Gas Connections at LNG Price
3 min read
The federal government has decided to lift the ban on new gas connections in Pakistan. Applicants will now pay at imported LNG rates, currently around…
Body Formed as Govt Confirms No Fuel Shortfall Amid Israel-Iran War
2 min read
The government has confirmed there is no fuel shortfall in Pakistan despite the escalating Israel-Iran war. In a proactive move, Prime Minister Shehbaz Sharif has…
Oil Sector Demands Increase in OMC Margins
2 min read
ISLAMABAD: The oil sector has formally requested the government to approve a revised Rs10 per litre margin for oil marketing companies (OMCs), up from the…
Fuel relief Unlikely as Government Considers Another Petrol Price Increase
3 min read
ISLAMABAD: For the third time in two months, the government is weighing a new petrol price hike proposal, potentially denying consumers much-anticipated relief in the…
Fuel Smuggling Crisis: Senate Warns of Major Blow to Legal Sales and Tax Revenue
2 min read
ISLAMABAD: The Senate was informed on Tuesday that petroleum smuggling in Pakistan, specifically high-speed diesel from neighboring countries, has significantly impacted the legal sale of…
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