Economic Coordination Committee Convenes to Review Export Subsidies Energy Grants and Budget Proposals
The Economic Coordination Committee reviews proposals on export finance subsidy schemes, energy arbitration funds, tight gas reserves, and departmental budgets.
OGRA Increases Petrol and Diesel Prices Under Daily Fuel Revision Formula
OGRA raises petrol and high speed diesel prices following international crude surges and daily fuel price revision mechanism implementations.
Pakistan and IMF Talks End in Deadlock Over 1.7 Trillion Rupee Gas Circular Debt
Virtual negotiations between Pakistan and the IMF stalled over a mechanism to write off 1.7 trillion rupees in gas sector circular debt as total debt tops 3.3 trillion.
Federal Government Slashes Local Fuel Prices for Start of Financial Year Following Global Market Shifts
The Ministry of Energy has implemented a modest price reduction for petroleum products to inaugurate the new fiscal cycle despite simultaneous taxation adjustments.
Regulatory Delays and Subsidized LNG Allocations Leave SNGPL with 819 Billion Rupees Deficit
Official documents reveal Sui Northern Gas Pipelines Limited faces an immense fiscal burden due to long-term gas tariff freezes and legacy debt.
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.