Sunday , March 8 2026

Energy

PSO seeks new CEO as energy giant opens global search

Aftab Maken ISLAMABAD: Pakistan State Oil Company Limited (PSO), the country’s largest fuel marketing and energy distribution company, has launched a search for a new Chief Executive Officer, signaling a major leadership transition at a time when the energy sector faces mounting financial, regulatory, and sustainability challenges. In a public …

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Post of new OGRA Chairman Advertised

Aftab Maken ISLAMABAD: The federal government has formally launched the process for appointing a new chairman of the Oil and Gas Regulatory Authority (OGRA), inviting applications from qualified candidates within the next 15 days. The Cabinet Division has issued a public call for applications, marking the start of a key …

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Soaring tariffs & DISCO failures push power sector to the brink

Aftab Maken ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has released its “State of Industry Report 2025,” painting a grim picture of Pakistan’s energy landscape. The regulator officially admitted that electricity prices have reached “unbearable” levels for the common citizen, driven by a heavy burden of taxes, surcharges, and …

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Petroleum levy increased, public deprived of expected POL price cut

Aftab Maken ISLAMABAD: It was a chilly morning in Islamabad when, on January 15, 2026, the Ministry of Energy (Petroleum Division) issued a press release. The announcement stated that for the next fortnight starting January 16, the prices of petrol and high-speed diesel would remain exactly the same as they …

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Further drop in POL prices likely

Aftab Maken ISLAMABAD: Pakistani consumers may soon enjoy additional relief at the pumps as petroleum product prices are poised for another reduction starting January 16, 2026. This follows a significant cut implemented at the beginning of the year, driven by declining global crude oil prices and a relatively stable Pakistani …

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PM approves removal of secretary petroleum Momin Agha amid policy disputes

Aftab Maken ISLAMABAD: Prime Minister Shehbaz Sharif has removed Federal Secretary Petroleum Division Momin Agha from his post, directing him to report to the Establishment Division as Officer on Special Duty (OSD). The notification was issued by the Establishment Division following the premier’s approval. Momin Agha, a Grade-22 officer of …

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NEPRA slashes national average electricity by 62 paise for 2026

BeNewz Report ISLAMABAD: For millions of electricity consumers, the National Electric Power Regulatory Authority (NEPRA) has reduced the national average uniform electricity tariff by 62 paise per unit for the calendar year 2026 (January to December), bringing it down to Rs 33.38 per kWh from the previous Rs 34.00 per …

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No gas price hike for next six months

Aftab Maken ISLAMABAD: The 12th meeting of the National Assembly Standing Committee on Petroleum, chaired by Syed Mustafa Mehmood, reviewed significant developments in the gas and LNG sector, with Federal Minister for Petroleum Ali Pervaiz Malik highlighting major reforms and consumer relief measures. The Federal Minister informed the Committee that …

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New Year gift: Petrol and Diesel prices drop, LPG hikes

BeNewz Report ISLAMABAD: As Pakistan ushers in the New Year, citizens have received a blend of relief and burden on the fuel front. The federal government has announced a significant reduction in the prices of petrol and high-speed diesel, providing much-needed respite to motorists and transporters amid fluctuating global oil …

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CCoE approves integrated energy planning, power market reforms

Aftab Maken ISLAMABAD: The Cabinet Committee on Energy has approved a landmark decision to introduce integrated, long-term energy planning, ending decades of fragmented federal and provincial policymaking in the power and energy sector. Under the decision, energy requirements, consumption trends, and production planning of both provincial and federal governments will …

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