Oil-producing nations seek global deal to stabilise market
MOSCOW: Oil-producing countries including those of the OPEC cartel and Russia are trying to strike a global deal to pump less crude...
Oil prices hit one-month highs on output cuts, demand signs
SINGAPORE: Oil prices climbed by more than $1 a barrel on Monday, supported by output cuts and signs of gradual demand recovery...
PM stresses comprehensive planning to meet gas requirements
SAPM Nadeem Babar asked to hold consultations with energy experts to find a durable solution to gas-related matters
Kashmir’s most valuable resource burning to ashes
“Your children and the generations to come will curse you for wasting Diyaar so ruthlessly,” rebukes a middle-aged man to Siddiq, the...
SSGC to supply natural gas to over 137 villages in Balochistan and Sindh
Islamabad: Sui Southern Gas Company Limited (SSGCL) will supply natural gas to over 137 villages of Sindh and Balochistan provinces during the...
NEPRA approves Rs 2.23 per unit cut in power tariff
ISLAMABAD: Good news for already burdened masses, National Electric Power Regulatory Authority (NEPRA) has approved Rs2.23 per unit reduction in the power...
Wall Street regains composure after initial slide
NEW YORK: Wall Street took investors on a turbulent ride Friday as stock indexes veered into a steep slide that knocked 350...
Pakistan to suffer severe LPG crisis if advance tax, regulatory duty not resolved
ISLAMABAD: All Pakistan LPG Distributors Association (LPGDA) Chairman Irfan Khokhar Tuesday underlined the need for withdrawal of 5.5 per cent advance tax...
OGRA likely to question SNGPL on charging local gas consumers with LNG rates
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) is likely to seek a response from Sui Northern Gas Pipelines Limited (SNGPL) over...
PLTC imposes $20 mn penalty on PGPC over delays in completion of LNG terminal
ISLAMABAD: Pakistan LNG Terminal Company (PLTC) has imposed another penalty worth $20 million on Pakistan Gas Port Consortium (PGPC) due to the...
LNG agreements to be reviewed & made public: Sarwar
During the press conference, the petroleum minister raised serious contentions over the LNG deal signed with Qatar and called the fuel pricing mechanism faulty as diesel should be cheaper than petrol
Discos seek Rs1.5/unit hike in consumer tariff
ISLAMABAD: The former Wapda distribution companies (Discos) have pleaded for Rs1.50 per unit, citing as reasons: increase in consumer tariff on account...
Govt seeking amalgamation of two oil and gas regulators
The petroleum division has told Ogra to prepare a summary for the Council of Common Interests (CCI) requesting transfer of upstream oil and gas regulation to Ogra as a centralized regulator to take care of the whole oil and gas sector from exploration and production to its sale to consumers
PSO faces severe financial crunch, as Rs200 billion bond issuance delayed
State-owned Pakistan International Airlines (PIA) owes Rs48 billion to PSO and the federal government on account of price differential claims and exchange rate loss
Govt likely to further jack up electricity price
The price of electricity is expected to rise by Rs0.57 per unit after the Central Power Purchasing Agency (CPPA) has sent a...