Oil prices could rise further this year, but 2024 demand to slow sharply: IEA
OPEC+ supply cuts could erode oil inventories in the rest of this year, potentially driving prices even higher, before economic headwinds limit...
Iran rejected force majeure notice for the Iran-Pakistan Gas Pipeline, has granted ten year extension instead: Musadik Malik
ISLAMABAD: Iran has refused to accept Pakistan's force majeure notice to halt construction of the multibillion-dollar Iran-Pakistan (IP) gas pipeline project and...
Yet another power hike as NEPRA notifies FCA for June
Consumers of DISCOs and KE to pay Rs 1.81 and Rs 2.31 more per unit, respectively
Gross Refining Margins fell to lowest level in the last quarter of FY23
ISLAMABAD: In a troubling development, gross refining margins (GRMs) for local crude refiners fell significantly, falling to an average of US$4 per...
Over 6,000 marble factories in KP face closure amid surging electricity prices
In a bid to avert potential industrial closures, the government has introduced a special package to alleviate electricity costs for industries in KP,
Steel sector reels under strain of record high energy prices
ISLAMABAD: Large steel producers in Pakistan have issued a dire warning as electricity and petrol prices continue to skyrocket, pushing the steel...
Cabinet approves transfer of NEECA from Science and Technology to Power Division
ISLAMABAD: The Federal Cabinet has approved the transfer of the National Energy Efficiency and Conservation Authority (NEECA) from the Science and Technology...
OGRA notifies hike in LPG price by Rs24 per kg
ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) on Monday allowed Rs 23.86 per kilogram increase in the price of Liquefied Petroleum Gas...
Saudi Aramco shakes hands with Pakistan’s SOEs to open Pakistan’s largest refinery
After months of delay and negotiations, the Saudi investment gets confirmed. But what is the deal?
Tariffs for Thar coal Block I & II approvedÂ
Levelised tariffs of $37.36 per ton set for Block I and $30.40 per ton for Block II
LPG dealers hike price by Rs10 per kg without OGRA notification
ISLAMABAD: Dealers of liquefied petroleum gas (LPG) have raised the price of the commodity by Rs 10 per kg even though the...
NEPRA indicates another hike in power tariff for KE, DISCOs
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Wednesday, hinted at a rise in the power rates for both K-Electric and...
No petrol strike as negotiations between govt and dealers prove successful
ISLAMABAD: The federal government has agreed to the demands of the Petroleum Dealers Association (PPDA) and accepted the increase in dealers' margin...
NEPRA, Govt under fire over proposed Rs7.50 per unit power tariff hike
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) and the government faced severe criticism during a hearing on the proposed increase in...
Pakistan’s energy sector can save over $8bn with improved production strategies: Study
Study indicates share of wind and solar in energy mix will be 47 percent by 2031, compared to IGCEP forecast of 30pc