Aftab Maken ISLAMABAD: Pakistan’s gas sector circular debt has surged to Rs 3,283 billion, piling pressure on public finances as Sui Northern and Sui Southern report combined annual losses of Rs 60 billion from theft and leakages. The disclosure came during a meeting of the National Assembly of Pakistan Standing …
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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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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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BeNewz Report ISLAMABAD: Pakistan is reducing its dependence on imported liquefied natural gas (LNG) as volatile global prices and a weakened rupee strain the economy. The state-owned buyer, Pakistan LNG Ltd (PLL), has negotiated deferments of long-term LNG cargoes with suppliers including Qatar and Italy’s Eni after contracts linked to …
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BeNewz Report ISLAMABAD: The government is poised to revise petroleum product prices effective November 16, with a sharp increase in diesel and marginal relief for petrol consumers. According to industry sources, the ex-depot sale price of high-speed diesel (HSD) is set to climb by Rs 9.60 per litre to approximately …
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Aftab Maken Pakistan has awarded 23 offshore oil exploration blocks in its first bidding round in 18 years, signaling renewed investor confidence and a major step toward enhancing domestic oil and gas output. The Ministry of Energy confirmed that four consortiums — led by state-run Oil and Gas Development Company …
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Finance Ministry notifies new fuel prices nationwide, effective from November 1. Aftab Maken ISLAMABAD: The Finance Ministry has issued a notification increasing petroleum product prices across Pakistan while reducing the rate of liquefied petroleum gas (LPG). The new POL prices take effect from November 1, 2025. Petrol has been raised …
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Govt directs Sui Southern and Sui Northern to cancel over 3 million pending applications BeNewz Report The Government has imposed a permanent ban on issuing new domestic gas connections using locally extracted natural gas. The Petroleum Division, following federal cabinet approval, has formally instructed Sui Southern Gas Company (SSGC) and …
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Aftab Maken The Economic Coordination Committee (ECC) of the Cabinet met to discuss a summary submitted by Petroleum Division for an upward revision of the indigenous gas tariff for industry (captive power) as well as non-protected domestic slabs, says an official release of finance ministry on Saturday. The meeting was …
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