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LNG Supplies: Pakistan to face another tough Winter season
It is going to be tough for Pakistan to import LNG in the upcoming winter season due to the curb on Australian gas exports, which would…
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OGDCL provides Rs 20 million for relief of flood affectees in Baluchistan Province.
A heavy spell of rain caused major infrastructural damage in various areas of Baluchistan Province. OGDCL has provided Rs 20 million. as flood relief assistance for…
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Saudi Arabia, UAE agree to substantially increase oil production
Saudi Arabia and the United Arab Emirates have agreed to “substantially increase” oil production if necessary. The countries agreed to pump more oil if there is…
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Govt agrees to Deregulate Prices of Petroleum Products
The government has agreed to give the oil industry a free hand in setting oil prices by enacting deregulation as part of a new proposed energy…
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GoP KE board directors: PM asks PD to seek Law Ministry’s Opinion
Prime Minister Shehbaz Sharif has asked the Power Division to seek the legal opinion of the Law Ministry to nominate government directors to the KE board…
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KE’s BQPS-III unit in outage; no additional load shed expected
The first unit of K-Electric’s Bin Qasim Power Station 3 (BQPS-III) is currently offline following a fault identified during a test being conducted as part of…
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Petrol price down by Rs 3.05, diesel up by Rs 8.95 per litre
The government on Sunday reduced the petrol price by Rs 3.05 per litre, effective from August 1, 2022. It hiked the increased price of high-speed diesel…
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ECC approves Release of Rs 30b to Rescue PSO from Payments’ Default
The Economic Coordination Committee (ECC) has approved the transfer of Rs 30 billion to prevent Pakistan State Oil (PSO) to stop from defaulting on its international…
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Oil Companies threaten to go on strike due to the capping dollar at Rs225
Govt set to reduce the rate of petrol by Rs 3 per litre, Rs 10 per litre increase in diesel price from August 1 Ibn-e-Ameer Oil…
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OMCs oil Margins: OCAC Expresses Serious Concerns over refusing to increase
Dealers Margins increased to Rs 7 per litre on petrol and diesel The Oil Companies Advisory Council (OCAC) has expressed serious reservations about approving a standalone…