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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BeNewz Report ISLAMABAD: Power sector circular debt climbed to Rs 1.924 trillion by May 31, 2026, significantly overshooting the government’s target and complicating its commitments under the International Monetary Fund (IMF) programme, according to official documents. The Power Division informed the Economic Coordination Committee (ECC) that despite improvements in recoveries, …
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Aftab Maken ISLAMABAD: Pakistan LNG Limited (PLL) has invited international suppliers to submit bids for the supply of one liquefied natural gas (LNG) cargo as the government moves to strengthen fuel supplies amid rising electricity demand and growing concerns over regional energy security. According to a tender issued on Tuesday, …
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–Pakistan LNG Limited has launched an emergency spot LNG tender for one cargo after supply disruptions linked to tensions in the Strait of Hormuz threatened fuel availability during peak summer demand Aftab Maken ISLAMABAD: Pakistan LNG Limited (PLL) has issued an emergency tender to import a spot liquefied natural gas …
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—Power outages across Punjab are expected to intensify after Sui Northern Gas Pipelines Limited (SNGPL) declared force majeure on regasified liquefied natural gas (RLNG) supplies due to renewed tensions in the Strait of Hormuz, disrupting fuel deliveries for several key power plants Aftab Maken ISLAMABAD: Pakistan’s already strained electricity supply is …
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BeNewz Report ISLAMABAD: The federal government on Friday announced a reduction of Rs 4 per litre in the ex-depot price of petrol, while deciding to keep the price of high-speed diesel (HSD) unchanged for the coming week. According to a press release issued by the Ministry of Energy (Petroleum Division), …
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Aftab Maken ISLAMABAD: Pakistan LNG Limited (PLL) has awarded the lowest evaluated bid for the supply of a spot liquefied natural gas (LNG) cargo to BP Singapore after completing the financial evaluation of bids received under its latest international tender. According to the evaluation report issued by PLL, the tender …
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Member Oil, OGRA also summoned BeNewz Report KARACHI: The Federal Investigation Agency (FIA) Anti-Corruption Circle Karachi has intensified its investigation into an alleged mega corruption scandal in the Oil and Gas Regulatory Authority (OGRA), summoning Member Oil Zain-ul-Abideen Qureshi for questioning. According to official documents, the FIA has issued a …
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