Govt seeks power from Parliament to increase PDL beyond Rs50 per litre
Senate’s Standing Committee on Finance approves the increase in the monetary limit of foreign remittance to $100,000
Petroleum Division sets age limit for MD slot to try and doctor process
ISLAMABAD: The Ministry of Energy (Petroleum Division) is allegedly involved in favoritism in the recruitment process for the position of Managing Director/Chief...
NEPRA notifies power price hike by Rs1.61 per unit under FCA of April
Power consumers of all DISCOs except K-Electric would face additional burden as NEPRA has granted approval for power price hike.
Fossil fuel company net zero plans ‘largely meaningless,’ report says
The number of fossil fuel companies setting net-zero emissions targets has risen sharply over the past year, but most fail to address...
Powering ahead: Govt boosts subsidy allocation to address energy sector challenges in FY2023-24
The power sector has emerged as a major beneficiary, receiving a substantial portion of the subsidy allocation.Â
Oil extends losses as economic slowdown concerns return
Oil extended losses on Wednesday as concerns over global economic headwinds deepened, erasing the price gains booked after top crude exporter Saudi...
Oil falls as global economic backdrop outweighs Saudi output cut
Oil prices edged lower early on Tuesday, coming off gains made the previous day as concerns about the global economic backdrop outweighed...
ECC likely to approve framework agreement with Azerbaijan’s SOCAR for LNG procurement
Pakistan set to take strategic step to secure cheaper LNG, enhance energy cooperation with Azerbaijan
OPEC+ begins meetings that may agree further output cuts
OPEC and its allies began two days of meetings on Saturday that may culminate in further production cuts of as much as...
Could Custom Bonded Warehouses be the way to efficient petroleum imports?Â
Petroleum division suggests custom bonded warehouses for foreign suppliers as a possible stop-gap solution to import woes.Â
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