ECC Approves Brownfield Refinery Upgrade Agreements and Rs75 Billion Fuel Relief Grant
Pakistan’s Economic Coordination Committee approves brownfield refinery upgrade agreements, Rs75 billion for the Fuel Relief Scheme and other measures covering shipping, sugar exports and OMC tax claims.
Wafi Energy Pakistan Reports Rs641 Million Loss in Second Quarter of 2026
Wafi Energy Pakistan reports a Rs641 million second quarter loss while half year profit rises 21% to Rs1.52 billion amid global energy market disruptions.
Hascol Petroleum Narrows Half-Year Loss To Rs3.1 Billion As Revenue Rises 10%
Hascol Petroleum reduces its half-year loss by 36% to Rs3.10 billion as revenue rises 10%, supported by higher other income, lower expenses and exchange gains.
OGRA Launches Real Time Digital Petroleum Stock Tracking System
OGRA is developing a digital system to track petroleum stocks in real time through ERP systems and Automatic Tank Gauging sensors, improving supply chain visibility.
PSX KSE 100 Falls Over 1,000 Points As Oil Prices Rise On US Iran Tensions
Pakistan Stock Exchange falls over 1,000 points as fading US Iran deal hopes and rising oil prices trigger selling across banks, cement, oil and other sectors.
Pakistan and Gunvor Group Reaffirm Petroleum Sector Investment Commitment
Pakistan and Switzerland-based Gunvor Group reaffirmed cooperation in refinery modernisation, petroleum reforms, oil price deregulation and investment to strengthen the country’s energy security.
Finance Minister Muhammad Aurangzeb to Head High Powered Panel Investigating Massive Oil Company Windfall Profits
Prime Minister Shehbaz Sharif has established a high-level committee to investigate seventy-two billion rupees in alleged windfall profits made by oil marketing companies.
Federal Government Implements Another Relief Reduction on Domestic Petrol and Diesel Prices
The federal government slashes retail prices for high-speed diesel and petrol to provide financial relief amidst shifting global energy pricing cycles.
Ministry Reveals Heavy Tax Burden on Petrol Prices Amid Global Oil Crisis
Official Ministry of Energy documents disclose that taxes and profit margins account for 46% of petrol costs following the recent record-breaking price hike.
OGRA Receives 27 Billion Rupees to Settle Oil Price Differential Claims
The Oil and Gas Regulatory Authority (OGRA) receives an initial 27 billion rupee tranche from the PM’s Austerity Fund to settle price differential claims for OMCs.