Petrol Prices in Pakistan May Fall Further as Global Oil Rates Decline and Refineries Absorb Cost Increase
Petroleum Minister Ali Pervaiz Malik says further fuel price relief may be announced as oil refineries absorb a Rs15 per litre petrol increase for 30 days, while the government passes on benefits from falling international prices.
Pakistan Seeks US Investment in Refineries and LNG Supply
Pakistan has invited US financial institutions to invest in refinery upgrades and discussed long-term liquefied natural gas supply agreements as both countries explore wider energy cooperation.
Pakistan Petroleum Limited Headquarters Move to Islamabad Sparks Political Debate
Pakistan Petroleum Limited’s proposed headquarters relocation from Karachi to Islamabad has faced PPP opposition over its estimated Rs4 billion cost, while the government cites administrative efficiency and improved coordination.
Government, PSO Review Measures To Strengthen Fuel Security And Strategic Reserves
Petroleum Minister Ali Pervaiz Malik reviewed measures with Pakistan State Oil to strengthen fuel security through international procurement, supply diversification, storage expansion, digitisation and retail modernisation.
Pakistan’s Five Refineries Set to Sign $6 Billion Upgradation Deals
Pakistan’s five major refineries are ready to sign nearly $6 billion in upgradation agreements under the Brownfield Refinery Upgradation Policy next month.
PSX KSE-100 Gains 574 Points to Close at 177,166
Pakistan Stock Exchange closes 574 points higher at 177,166 after volatile trading, while refinery stocks rally on upgrade deal news and SPI inflation rises 0.49%.
Govt Raises Petroleum Dealers’ Margin by Rs1.34 Per Litre to Rs9.98
The ECC has approved a Rs1.34 per litre increase in petroleum dealers’ margin, raising it from Rs8.64 to Rs9.98 for motor spirit and high-speed diesel.
Federal Government Shifts Petroleum Pricing Mechanism to OGRA for Daily International Market Alignment
Minister for Petroleum Ali Pervaiz Malik announces the federal cabinet decision to transfer domestic fuel price setting authority to OGRA on a daily basis.
Energy Minister Ali Pervaiz Malik Defends Current Petroleum Pricing Matrix and Outlines Relief Benchmarks
Federal Minister for Energy Ali Pervaiz Malik clarifies fuel pricing methods, showing that state evaluations maintain equity without favoring individual market segments.
Pakistan And Barrick Gold Reevaluate Security Framework For Reko Diq Mining Venture
Pakistan and Barrick Gold initiate a comprehensive review of security protocols and funding for the Reko Diq project amid evolving regional dynamics and incoming international investment.