The government on Tuesday increased the prices of petrol and high-speed diesel (HSD) by Rs5.36 and Rs11.37 per litre, respectively, for the current fortnight (ending July 31), attributing the hike to higher international prices and import premiums.
In a late-night announcement, the Ministry of Finance said the Oil and Gas...
Dr. Rüdiger Lotz, the German Consul General, recently visited Thar Coal Block II in Pakistan’s Tharparkar district to observe the operations of the Sindh Engro Coal Mining Company (SECMC), the 660 MW Engro Powergen Thar Limited (EPTL) power plant, and the community development programs led by the Thar Foundation,...
Federal Planning and Development Minister Ahsan Iqbal emphasized Pakistan’s vast potential to generate 300,000 megawatts of renewable energy from wind and solar power. “However, mobilizing both private and public finance is essential to realizing this potential,” he stated during the second day of the Asia Energy Transition Summit 2024,...
Petrol and diesel prices are expected to rise by up to Rs6.60 per litre (2.5%) for the next fortnight starting July 16, 2025, according to estimates by the petroleum industry.
The projected hike includes a Rs6.60 per litre increase in petrol prices and a Rs5.27 per litre (1.9%) rise in...
Aramco unveiled its first fuel retail station in Pakistan today. It follows Aramco’s acquisition of a 40% stake in Gas & Oil Pakistan (GO), a key player in Pakistan’s downstream sector with a network of over 1,200 fuel retail stations nationwide.
Aramco is one of the world’s leading integrated energy...
Pakistan’s trade deficit with the Middle East widened by 7.37 per cent to $13.974 billion in FY25 from $13.014bn a year ago, primarily due to a sharp increase in petroleum imports.
According to data compiled by the State Bank of Pakistan, the growing deficit reflects the country’s heavy reliance on...
There has been much debate about Pakistan’s oil reserves following yesterday’s announcement by U.S. President Donald Trump that a deal has been agreed upon with Pakistan to develop its oil resources.
“Pakistan and the United States will work together on developing their massive oil reserves,” the U.S. President said.
The Truth...
A substantial decrease in the prices of petroleum products is anticipated for the fortnight commencing August 16, 2025, as per a forecast by Optimus Capital Management, citing data from the Oil and Gas Regulatory Authority (OGRA).
According to the data, High-Speed Diesel (HSD) prices are expected to see a significant...
