BeNewz Report ISLAMABAD: The Petroleum Division has formally handed implementation of the Pakistan Oil Refining Policy for Upgradation of Existing/Brownfield Refineries, 2023, to Inter State Gas Systems (ISGS), sidelining both the sector regulator OGRA and the ministry’s own bureaucracy from direct execution of the multibillion-dollar programme. A Petroleum Division letter designated …
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BeNewz Report ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet met on Monday at the Finance Division under the chairmanship of Finance and Revenue Minister Senator Muhammad Aurangzeb, taking up nine agenda items spanning food security, energy, defence and water resources. Wheat Stock Distribution The committee approved a summary …
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–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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–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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–The Economic Coordination Committee approves three new export promotion schemes, Rs. 4 billion for international power arbitration cases, and a series of policy measures covering energy, petroleum and social security. Aftab Maken ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved a package of export promotion measures, …
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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: 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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