–Challenges Customs’ Authority to Act — as wider bonded-fuel fraud crackdown widens across Pakistan Aftab Maken ISLAMABAD: Pak-Arab Refinery Limited (PARCO) remains locked in a standoff with Pakistan Customs weeks after being accused of releasing nearly 24 million litres of petrol from its Faisalabad bonded warehouse without proper clearance — …
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BeNewz Report ISLAMABAD: Petroleum Division is preparing a gas sector deregulation roadmap with World Bank technical support. The plan seeks competitive pricing, stronger regulation, private investment, and reduced subsidy distortions. Petroleum Division will finalize a gas sector reform roadmap by August-end. Federal Petroleum Minister Ali Pervaiz Malik chaired the meeting …
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–Prime Minister Shehbaz Sharif approves amendments to the Pakistan Oil Refining Policy 2023, directing refinery upgrades, energy sector reforms and stronger strategic petroleum reserves to enhance Pakistan’s energy security. Aftab Maken ISLAMABAD: The Cabinet Committee on Energy (CCoE), chaired by Prime Minister Shehbaz Sharif, on Tuesday approved proposed amendments to …
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–The Oil and Gas Regulatory Authority has reduced the ex-depot price of petrol by Re1 per litre while increasing high-speed diesel by Rs3.37 per litre under the government’s revised petroleum pricing mechanism, effective July 28. Aftab Maken ISLAMABAD: The Govt on Monday revised the ex-depot prices of petroleum products, reducing …
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Aftab Maken ISLAMABAD: The federal government has increased ex-depot prices of petrol and high-speed diesel effective July 24, 2026, following a revised petroleum pricing mechanism. The federal government has increased the ex-depot prices of petrol and high-speed diesel, with the revised rates taking effect from July 24, 2026, according to …
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BeNewz Report ISLAMABAD: The Govt has increased petrol and high-speed diesel prices on Wednesday under its new daily pricing mechanism, citing volatility in global oil markets driven by renewed hostilities in the Persian Gulf. The Govt on Wednesday raised the prices of petrol and high-speed diesel (HSD) as it passed …
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Aftab Maken ISLAMABAD: Pakistan’s petroleum pump owners suspended a planned nationwide strike for two weeks after the government pledged to address their concerns over dealer margins and the newly introduced daily fuel pricing mechanism. Pakistan’s petroleum pump owners on Wednesday suspended a planned nationwide strike for two weeks after the …
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Aftab Maken ISLAMABAD: Authorities have launched an investigation of State-run-Monopoly–PSO–into suspected manipulation of nearly 300,000 metric tonnes of petroleum stocks across multiple depots, with OGRA enforcement teams conducting nationwide inspections. An investigation is underway into the suspected manipulation of nearly 300,000 metric tonnes (MT) of petroleum stocks through alleged irregular offtake …
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Aftab Maken ISLAMABAD: The International Monetary Fund (IMF) has proposed a new set of conditions for resolving Pakistan’s mounting gas sector circular debt, including formally recognizing the financial losses of the country’s two state-owned gas utilities and writing off unrecoverable receivables in their accounts. According to sources, the IMF has …
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Aftab Maken ISLAMABAD: The government on Friday announced a sharp increase in the prices of petroleum products, raising the ex-depot price of High Speed Diesel (HSD) by Rs 31.05 per litre and Motor Spirit (MS), commonly known as petrol, by Rs 5.44 per litre. According to a notification issued by …
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