Petroleum products’ rates to rise sharply if subsidy withdrawn ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has worked out a massive increase in the prices of petroleum... Updated 15 May, 2022 08:28am
Print Specific commodities: govt decides to amend public procurement rules ISLAMABAD: The government has reportedly decided to amend public procurement rules, 2004 regarding spot procurement... Updated 14 May, 2022 10:13am
Markets Efforts restart towards making new oil refining policy ISLAMABAD: A meeting with representatives of the oil refineries has been scheduled in the Petroleum Ministry, hoping... Published 10 May, 2022 05:10am
Print Targeted subsidy for motorcyclists under consideration: Price differential claims on petrol, HSD increase substantially ISLAMABAD: A proposal is under consideration of the Petroleum Division and Benazir Income Support Programme for... Updated 03 May, 2022 09:07am
Print Eid holidays may disturb oil supplies: Power plants: furnace oil arranged for May ISLAMABAD: The Petroleum Division has arranged 281,000 MMT furnace oil for May 2022 for the power sector to be... Updated 01 May, 2022 09:04am
Business & Finance PSO posts record nine-month Rs68.4bn PAT KARACHI: Pakistan State Oil Co Limited (PSO) continues to dominate the energy market, reporting highest ever... Published 29 Apr, 2022 05:43am
Print KSA offered sites in Hub, Gwadar to set up oil refinery ISLAMABAD: Pakistan has offered two locations- Hub and Gwadar, to Saudi Arabia for establishment of oil refinery in... Updated 27 Apr, 2022 10:41am
Print LNG deal: Talks with KSA expected during PM’s visit Prime Minister Shehbaz has assigned Planning Commission the task of steering efforts towards strengthening bilateral cooperation with Kingdom of Saudi Arabia Updated 23 Apr, 2022 10:54am
Print Price differential claims of OMCs/refineries: Rs68.81bn supplementary grant approved by ECC ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs68.81 billion supplementary grant... Updated 20 Apr, 2022 12:22pm
Markets PD asked to get refining policy approved ISLAMABAD: Refinery sector asked the Petroleum Division to get the refining policy approved as delay may jeopardise... Published 19 Apr, 2022 05:32am
Print LNG procurement plan for FY2022-23 finalised Ministry of Energy intends to procure 37 spot cargoes sans PPRA rules in the national interest Updated 19 Apr, 2022 10:14am
Business & Finance Petroleum exploration: Bids opened for 14 onshore blocks ISLAMABAD: Director General (P) Petroleum Division on Monday opened bids for 14 Onshore Blocks for grant of ... Published 19 Apr, 2022 05:32am
Print Supply shortfall leads to forced power load-shedding ISLAMABAD: The country is again facing forced power load shedding of 5-6 hours due to average shortfall of 2500-3000... Updated 12 Apr, 2022 10:51am
Business & Finance In favour of PIOGCL: Eni Pakistan asked to provide undertaking of HPHL ISLAMABAD: The Petroleum Division has asked Eni Pakistan Limited to provide an undertaking of Hub Power Holdings... Published 07 Apr, 2022 05:15am
Print Move to avert LNG, oil supply disruption: ECC approves Rs25bn for PSO against Rs50bn request ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday approved Rs25 billion for the PSO... Updated 02 Apr, 2022 10:13am
Print High-speed diesel on a fortnightly basis: ECC decides to revise premium mechanism for import ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to revise the premium mechanism for... Updated 26 Mar, 2022 10:45am
Print Diversion of LNG to households: PD says circular debt likely to soar to Rs398bn by 2025 Petroleum Division tells parliamentary committee circular debt can be contained only through price rationalisation Updated 18 Mar, 2022 01:49pm
Print Comments sought on GCV in GSAs under NPPMCL ISLAMABAD: Petroleum Division has urged Power Division to send its comments on the summary regarding Gross Calorific... Updated 17 Mar, 2022 09:48am
Print Exploration of oil, gas: Body formed to fine-tune Model Production Sharing Agreement draft ISLAMABAD: Cabinet Committee on Energy (CCoE) has constituted an inter-ministerial committee under the chairmanship... Updated 16 Mar, 2022 09:55am
Print LNG-II pipeline project: SSGCL seeks sovereign guarantee to swap Rs21bn loan ISLAMABAD: Sui Southern Gas Company Limited (SSGCL) has sought sovereign guarantee from the Finance Ministry to swap... Updated 15 Mar, 2022 10:12am
Print KE reluctant to buy expensive RLNG from PLL ISLAMABAD: Karachi Electric (KE) has expressed reluctance to purchase expensive spot-priced re-gasified liquefied... Updated 11 Mar, 2022 08:25pm
Print Mismatch in charging interest: PD decides to seek opinion of law ministry ISLAMABAD: Petroleum Division has decided to seek clarification from Ministry of Law on issue of mismatch of ... Updated 11 Mar, 2022 09:39am
Pakistan PM’s subsidy decision: PD asks Ogra to calculate amount of OMCs’ PDC receivable ISLAMABAD: Amid Oil Companies Advisory Council (OCAC) demand for removal of price differential claim (PDC) and a... Published 03 Mar, 2022 04:39am
Pakistan Petroleum Division prepares draft ‘Model Production Sharing Agreement’ ISLAMABAD: Petroleum Division has prepared draft Model Production Sharing Agreement (MPSA) with upward revision in... Published 03 Mar, 2022 04:39am
Print New exploration, more gas production: PD asked to set up technical group ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed Petroleum Division to constitute a... Updated 26 Feb, 2022 10:05am
Print Govt to amend PCA: China’s co allowed to maintain 17.5pc share in Baska Block ISLAMABAD: The Federal Government has decided to amend Petroleum Concession Agreement (PCA), allowing a Chinese... Updated 22 Feb, 2022 09:45am
Print GPP, NPP: MoF asked to expedite sell-off approval process ISLAMABAD: Ministry of Finance (MoF) has directed the Ministry of Energy to expedite approval of privatisation of... Updated 18 Feb, 2022 09:56am
Print CPEC Authority ‘alerts’ govt: ‘Hidden’ costs in Saindak project can reduce GoP’s profit ISLAMABAD: Chairman, China Pakistan Economic Corridor (CPEC) Authority has alerted the government that hidden cost ... Updated 16 Feb, 2022 10:28am
Pakistan Panel underscores need for formulation of ‘concrete’ energy policy ISLAMABAD: A parliamentary panel on Thursday recommended to take the government’s policy on distribution of gas to... Published 11 Feb, 2022 04:31am