Petroleum
Pakistan Launches Strategic Petroleum Reserves Study for Energy Security
Pakistan recently took a major step toward safeguarding its energy future. Federal Minister for Petroleum, Ali Pervaiz Malik, chaired a kick-off meeting to launch a…
Pakistan Proposes New Refinery Policy With $6 Billion Investment Incentives
The Petroleum Division has submitted amendments to the Brownfield Refining Policy 2023 to the Cabinet Committee on Energy (CCoE), proposing new investor protection measures and…
Petroleum Company Caught in Massive Rs 5.94 Billion Tax Scam
The Federal Investigation Agency (FIA) has recovered Rs 5.94 billion from a private petroleum company in a major duty and tax evasion case involving billions…
Minister Signals Rs100 Per Litre Cut in Petrol Prices Soon
Petroleum products prices in Pakistan are expected to fall significantly as a potential Iran-US nuclear deal drives global crude oil prices sharply lower across international…
Will June Fuel Reserves Protect Pakistan Amid Middle East Turmoil?
Pakistan has secured strategic petroleum reserves for June 2026, as rising tensions across the Middle East raised serious concerns about potential disruptions to the fuel…
Another Weekend, Another Hike? Petrol Prices Set for Sharp Jump
Fuel prices in Pakistan are heading higher once more as global crude oil rates continue to surge. After a steep Rs.55 increase earlier this month,…
Pakistan’s Fuel Stocks Stable but Pump Owners Fear Supply Pressure
The government has reassured the public that Pakistan currently has sufficient petroleum stocks to meet national demand and there is no need for panic buying…
Business Costs in Pakistan 34% Higher Than Regional Competitors
Running a business in Pakistan has become significantly costlier than in neighboring countries, according to recent research, pushing many aspiring entrepreneurs toward salaried jobs instead…
FIA Karachi Recovers Rs47 Billion in Major Petroleum Levy Case
A petroleum company accused of causing a Rs47 billion loss to Pakistan’s national treasury has started repaying the amount, marking what officials call the biggest…
PPL-Led Joint Venture Announces Gas Discovery in Sindh
Pakistan Petroleum Limited (PPL) and its joint venture partners have announced a new gas discovery in the Sawan Field, Khairpur, Sindh. The discovery highlights the…
Registrar Admits Error in HASCOL–Mena Energy $9.5m Case
In a rare administrative slip-up, the Sindh High Court’s Registrar Office has acknowledged an oversight that unintentionally revived an eight-year-old $9.5 million dispute between Hascol…
Pakistan’s Oil Marketing Companies Post 9% MoM Rise in October Sales
Pakistan’s oil marketing companies (OMCs) reported a rebound in sales during October 2025, driven by higher diesel consumption amid the Kharif crop harvesting season. Total…
