State-controlled oil company Saudi Aramco is planning to launch its first branded retail gas station in Pakistan by the end… Read More
Finance Minister Reiterates Govt’s Resolve for Restructuring Power Sector
Federal Minister for Finance & Revenue Muhammad Aurangzeb held a meeting with Mark Skelton, Chairman Board of Directors K-Electric, on… Read More
OGRA Ramps Up Efforts to Curb Smuggling of Petroleum Products
The Oil and Gas Regulatory Authority (OGRA) has requested detailed records from refineries on petrol and high-speed diesel (HSD) supplies… Read More
Petroleum Industry Urges FBR to Reconsider Recent Budget Taxes on OMCs
The Oil Marketing Association of Pakistan (OMAP) has raised concerns regarding the recent budget announcement and its implications for the… Read More
Govt Renegotiating IPP Contracts to Cut Electricity Prices: Energy Minister
The federal government is renegotiating contracts with independent power producers (IPPs) to reduce electricity rates across the country, Energy Minister… Read More
International Oil Prices Crash With WTI Below $70 Amid Demand Issues
Oil prices fell on Sunday with Brent crude falling below $72 amid sluggish demand and reports that Libya is close… Read More
Huge Petroleum and Gas Reserves Found in Pakistan’s Waters: Report
A significant deposit of petroleum and natural gas has been discovered within Pakistan’s territorial waters, according to a report from… Read More
OGRA Agrees to Defer September Diesel Imports
A meeting was convened on Wednesday with representatives from refineries and top-performing Oil Marketing Companies (OMCs) to discuss and adopt… Read More
Sindh Announces ‘Long-Term Plan’ to Tackle Power Crisis
The Sindh government has announced a long-term strategy to address the ongoing electricity crisis, differing from Punjab’s recently announced short-term… Read More
New Solar Panels Make Oxygen Along with Megawatts of Energy
China is dominating the photovoltaic sector much like California is in our country. However, they now have a significant reason… Read More
IMF to End Punjab Solar Scheme and Electricity Subsidy Announcements
The International Monetary Fund (IMF) has imposed new conditions on Pakistan after Punjab’s decision to offer an electricity subsidy of… Read More
Petroleum Sales Down 14% in August 2024
Pakistan’s Oil Marketing Companies (OMCs) sales reached 1.21 million tons in August 2024. This represents a 14 percent YoY decrease,… Read More
