Petroleum Division Opposes Higher Fuel Taxes Amid Surging Global Energy Prices
The Petroleum Division has formally opposed any hikes in the petroleum levy for the upcoming fiscal year, urging a reduction in tax rates to shield consumers from high global oil prices.
OGRA Orders Local Refineries to Pay 7.1 Billion Rupees to PSO Amid Rising Diesel Import Costs
The Oil and Gas Regulatory Authority directs five Pakistani refineries to compensate PSO with 7.1 billion rupees to manage high diesel premiums caused by regional instability.
IMF Rejects Pakistan’s Request to Freeze 15% Gas Levy on Captive Power
The IMF denies Pakistan’s proposal to exempt efficient industrial units from the 15% gas levy, insisting on higher costs to push industries toward the national grid.
Hamed Yaqoob Sheikh Joins OGDCL Board as Ex-Officio Director Following Ministry Appointment
Oil and Gas Development Company Limited appoints Petroleum Secretary Hamed Yaqoob Sheikh to its board of directors, marking a significant leadership shift in Pakistan’s energy sector.