Imported Russian oil to gradually reduce fuel prices, Musadik Malik emphasises

Supply of inexpensive Russian oil to Pakistan to commence in a week

Oil falls on US debt deal struggles, OPEC+ talks uncertainty

Oil fell on Tuesday, giving up earlier gains, as concerns about the viability of the U.S. debt ceiling pact cooled the market's...

Four months after January blackout, investigation still delayed as corruption allegations loom

Senate Committee expresses concern over delayed investigation into power blackout. Calls for action against corruption and swift action

Pakistan to receive Russian imported oil in small ships via Oman

ISLAMABAD: Minister of State for Petroleum Musadik Malik on Wednesday said that the first ship carrying 100,000 tonnes of crude oil will...

PM Office raises concerns over unauthorised withdrawal of show cause notice by Petroleum Division

Controversy surrounds exploration license extension for Zamzama North Block

OGDCL to fuel Pakistan’s energy needs with new gas and oil production

OGDCL's Bettani field prepares to deliver energy boost to Pakistan

Oil slips as U.S. debt caution offset supply concerns

Oil prices slipped on Monday as caution around the U.S. debt ceiling talks and concerns about demand recovery in China offset support...

DISCOs, KE seek power tariff hike for April under FCA and quarterly adjustments

ISLAMABAD: Power Distribution Companies (DISCOs) have requested a Rs 2.01 per unit increase in electricity tariff for April 2023, while K-Electric has...

PM urges reduced prices of essential items, transport following POL price cuts

Days after a significant reduction in petroleum prices, Prime Minister Shehbaz Sharif has directed relevant authorities to ensure that the benefits of...

Cabinet grants exemption to SSGC-LPG for spot cargo imports to address gas shortages

Govt approves exemption for SSGC-LPG to import LPG spot cargoes, ensuring stable pricing

PPIB urges CIHC Pak Power Company to fulfil obligations for Gwadar Coal Power Project

PPIB Urges CIHC Pak Power Company to comply with financial obligations

Public transport fares remain unchanged despite decrease in petroleum prices

LAHORE: In a disappointing turn of events, the relief in petroleum product prices has failed to reach the general public, leaving them...

Cheap petrol scheme delayed until IMF concerns are resolved: Musadik Malik

ISLAMABAD: Minister of State for Petroleum Musadik Malik on Wednesday stated that the implementation of the cost-effective petrol scheme has been delayed...

Explainer: How did the government cut diesel by Rs30?

Did we just forgo an opportunity to alleviate some of PSO's problems with receivables?

Oil prices climb as recession fears begin to fade

Oil prices rose on Monday as fears of a recession in the US, which drove prices down for three straight weeks for...