Hascol narrows annual loss by 37% despite dip in sales
Improved exchange gains and non-core income help petroleum firm cushion bottom line
Nepra reviews projections for power purchase price as industries face concerns over inconsistent supply
Electricity prices expected to drop slightly, but industry fears persist over grid disruptions, leading to potential return to captive power plants
Senate panel passes captive power plants levy bill to ease electricity costs
New levy to rise from 5% to 20% by 2026; opposition warns of industrial shutdowns amid rising gas tariffs
Govt approves fuel relief package for refineries, raises petroleum levy to Rs90/litre
Rs34bn refinery bailout to be funded by consumers amid rising fiscal pressure; petrol and diesel prices set to increase further
Pakistan to brief IMF on circular debt, carbon levy, and power sector reforms
Government outlines plans for tariff hikes, subsidy changes, and circular debt reduction as part of its commitments to the IMF
Govt to recover additional Rs75bn annually from fuel consumers
Petrol and diesel to become at least Rs4 costlier; refineries, OMCs, and dealers to benefit
TIP urges PM to investigate alleged share transfer violations by SPUD and FHL
Watchdog claims controlling stakes were transferred without government approval, firms deny any breach
OGDCL secures rights to seven new petroleum exploration blocks
Petroleum Division communicated the provisional award of new exploration blocks to OGDCL, PPL, POL, Mari Energies, GHPL, TPOC, and Prime Global EnergiesÂ
Pakistan Petroleum Limited awarded two new blocks for hydrocarbon exploration
Government allocates Kalat South and Ziarat North to PPL joint ventures with industry partners
Petroleum prices expected to drop for next fortnight
Petrol price likely to decline by Rs3.5, HSD to go down by Rs7 per litre due to downtrend in international market and easing import premiumÂ
ECC raises concerns over DISCOs’ failure to meet loss reduction targets
Committee demands stronger measures to reduce power distribution losses after an unsatisfactory performance by newly reconstituted boards of DISCOs
SSGC swings to Rs. 8.29 billion profit in FY24, up 1,092% YoY
Gas utility rebounds from last year's loss, stock price rises by over 7%, auditor flags doubtful receivables as key risk
Karachi residents to get PKR 3.64/unit relief in May bills
NEPRA notifies relief of PKR 3.64 per unit for K-E consumers under February 2025 FCA
Mari Energies announces gas discovery at Soho-1 Well in Sindh
Company reports a significant gas discovery at Soho-1 well in the Sujawal Block, with gas flowing at impressive rates.
CPPA-G projects reduction in power purchase price by Rs 0.30 to Rs 2.25 per unit for FY 2025-26
Price reduction forecast based on varying scenarios of demand, fuel prices, and exchange rates