–The government has announced a Rs5 per litre reduction in petrol and diesel prices, with the revised rates taking effect after midnight BeNewz Report ISLAMABAD: The federal government on Friday announced a cut in petroleum product prices for the next fortnight, lowering petrol and high-speed diesel rates by Rs 5 …
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–Govt increases petrol and diesel prices for one week as global oil markets react to Strait of Hormuz disruptions BeNewz Report ISLAMABAD: The government on Thursday raised petroleum product prices, increasing high-speed diesel by Rs19.39 per litre and petrol by Rs 6.51 per litre for a one-week period amid rising …
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–Lower prices and rising costs squeeze margins in 9MFY26 Aftab Maken ISLAMABAD: The Oil and Gas Development Company (OGDC) reported an 11% decline in profitability for the nine months ended March 31, 2026, as production curtailments, falling realized prices, and rising costs weighed heavily on earnings. The company posted a …
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–Govt also raised the petroleum levy on petrol Aftab Maken ISLAMABAD: Despite an increase in the petrol and high-speed diesel prices, a significant reduction in the rates of kerosene oil, light diesel, and jet fuel has been announced in a revised pricing decision effective from midnight. Following the increase in …
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BeNewz Report ISLMAABAD: The Ministry of Energy (Petroleum Division) on Friday announced a significant increase in petroleum product prices for the upcoming week, effective April 25, 2026. According to an official press release, the price of High-Speed Diesel (HSD) has been raised by Rs26.77 per litre, taking it from Rs353.42 …
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–OQ Trading emerges lowest for Mid-May delivery Aftab Maken ISLAMABAD: Pakistan LNG Limited has completed the evaluation of bids for its latest liquefied natural gas (LNG) procurement tender, with multiple international suppliers competing to provide cargoes for late April and early May deliveries. According to the evaluation report issued under …
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–Pakistan cuts diesel price by Rs32 per litre, offering relief after weeks of volatility, while petrol price remains unchanged BeNewz Report ISLAMABAD: Prime Minister Shehbaz Sharif has approved a Rs 32.12 per litre reduction in diesel prices, bringing the new rate down to Rs 353.43, while petrol prices have been …
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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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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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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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