Hydrocarbon reserves discovered in D.I. Khan, Khyber Pakhtunkhwa: energy ministry Says discovery has opened a new avenue and will positively contribute to mitigating energy demand and supply gap from indigenous resources Updated 27 Dec, 2022 06:53pm
Print Local gas, RLNG: Ogra underscores need for revising tariffs ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has proposed to the government to rationalise tariffs of... Updated 24 Dec, 2022 02:36pm
Print Reduction in circular debt of gas sector by 70pc: PM directs Petroleum, Finance Divisions to prepare master plan ISLAMABAD: Prime Minister Shehbaz Sharif has directed Petroleum and Finance Divisions to prepare a master plan to... Updated 23 Dec, 2022 08:41am
Markets ‘Exchange losses’: Non-provision of needed funds worries Petroleum Division ISLAMABAD: The Petroleum Division is said to have expressed its concerns on the Finance Division’s ‘apathy’ with... Updated 22 Dec, 2022 12:33pm
Print Margala Block: Transfer of 30pc working interest of MOL to MPCL approved by ECC ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved transfer of 30 per cent working... Updated 22 Dec, 2022 09:40am
Print Oil refinery project: Chinese team visits Gwadar ISLAMABAD: In order to materialise the $4.5 billion oil refinery project in Gwadar, five-member delegation of... Updated 21 Dec, 2022 09:58am
Print E&P licences revival: Country to receive $5m foreign investment in 3 months ISLAMABAD: The Cabinet decision to revive 11 revoked licences for enhancing production activities of oil and gas in... Updated 18 Dec, 2022 09:39am
Business & Finance Experts see significant cut in prices of petrol, diesel ISLAMABAD: The price of petrol is likely to go down significantly in the range of Rs10.11 per litre while the price... Published 15 Dec, 2022 06:00am
Print Determination of ERR, PERR: Ogra refuses to include cost of RLNG diversion ISLAMABAD: Oil and Gas Regulatory Authority (Ogra) has reportedly refused to include cost of RLNG diversion in the... Updated 14 Dec, 2022 09:58am
Print ARL warns supply disruption if AGL not operationalized ISLAMABAD: M/s Attock Refinery Limited (ARL) has warned the government that oil supply to Pakistan Air Force (PAF),... Updated 14 Dec, 2022 09:48am
Print Export-oriented sectors: All set for study on ‘concessionary’ RLNG ISLAMABAD: The Directorate General Audit Petroleum and Natural Resources, an arm of Ministry of Energy (Petroleum... Updated 13 Dec, 2022 09:44am
Print Cabinet approves restoration of 11 revoked POL exploration licences ISLAMABAD: The federal cabinet has approved the restoration of 11 revoked petroleum exploration licenses on the... Updated 09 Dec, 2022 09:29am
Editorials Fuel imports from Russia EDITORIAL: The Minister of State on Energy (Petroleum Division), Musadik Malik, held a press conference on his ... Published 07 Dec, 2022 05:54am
Print Petrol, diesel and LNG at discounted rates: Russian ministers due next month ISLAMABAD: A Russian ministerial delegation is scheduled to visit Pakistan in January 2023 for further negotiation ... Updated 06 Dec, 2022 09:33am
Print HSD, SKO & LDO: PL increased to generate Rs36.199bn ISLAMABAD: The federal government has increased petroleum levy on High Speed Diesel (HSD) by 98 percent, 17 percent... Updated 02 Dec, 2022 09:45am
Print PD prepares $496m gas pipeline augmentation plan Allows expansion in existing terminals sans government guarantee Updated 29 Nov, 2022 09:48am
Markets Ogra asked to examine demand for furnace oil by power sector, industry ISLAMABAD: Directorate General of Oil (Petroleum Division) has requested Oil and Gas Regulatory Authority (Ogra) to... Published 25 Nov, 2022 06:59am
Pakistan NA informed: Delegation to visit Russia to discuss buying of oil, gas ISLAMABAD: The National Assembly was informed on Thursday that a high-level delegation will visit Russia shortly to... Published 25 Nov, 2022 05:48am
Print OMCs’ HSD premium: ECC directs PD to develop certification mechanism ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed the Petroleum Division to develop a... Updated 24 Nov, 2022 09:42am
Print Two fertilizer plants: Body formed to examine possibility of RLNG supply ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet has constituted an inter-ministerial committee... Updated 21 Nov, 2022 09:35am
Markets Energy sector: Govt wants to provide poor people chances for upward mobility: minister ISLAMABAD: “The government’s vision for the energy sector is to energise the whole country as well as create the... Published 18 Nov, 2022 05:53am
Print OGDCL, PPL, GHPL: CDMP turned down by finance ministry ISLAMABAD: Ministry of Finance (MoF) has reportedly turned down Circular Debt Management Plan (CDMP) of OGDCL, PPL... Updated 18 Nov, 2022 09:29am
Print POL rates: anomalies in notification? ISLAMABAD: The notification issued by the Ministry of Energy on the morning of 16th November for effective POL rates... Updated 17 Nov, 2022 09:28am
Print HSD: ECC allows increase in premium ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has allowed increase in premium on high-speed... Updated 15 Nov, 2022 09:41am
Print PD seeks Rs118.75bn supplementary grant ISLAMABAD: Petroleum Division has sought Rs 118.75 billion supplementary grant as subsidy and balance available... Updated 14 Nov, 2022 10:09am
Markets Govt unlikely to ensure 8-hour smooth supply of gas during winter ISLAMABAD: The federal government cannot ensure smooth supply of eight-hour gas during cooking hours in the coming... Updated 11 Nov, 2022 11:48am
Print There’s sufficient stock of petrol, HSD: PD ISLAMABAD: The Petroleum Division Tuesday said the country has enough stock of petrol and High-Speed Diesel (HSD) to... Updated 09 Nov, 2022 09:36am
Print Upper limit of premium raised to $15/barrel: OMCs allowed to recover Rs10/litre on HSD for 2 months ISLAMABAD: The government has allowed Oil Marketing Companies (OMCs) to recover Rs10 per litre on High-Speed Diesel... Updated 08 Nov, 2022 09:48am
Markets Affairs of Petroleum Division in FY2020-21: AGP says weak internal controls resulted in unaccounted for receipts ISLAMABAD: The Auditor General of Pakistan (AGP) has pointed out that weak internal controls resulted in unaccounted... Published 08 Nov, 2022 05:56am
Print TAPI gas pipeline: Only Turkmenistan offered strategic commitment: Musaddiq ISLAMABAD: Federal government has received a strategic commitment from Turkmenistan for the construction of the... Updated 05 Nov, 2022 11:36am