Customs announces auction of overstay hydrocarbon solvent at Taftan and Quetta Dry Port
Seven consignments of White Spirit tanker cargo to be auctioned as Customs moves to clear long-stored imported goods
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Seven consignments of White Spirit tanker cargo to be auctioned as Customs moves to clear long-stored imported goods
Continue ReadingGovernment passes on benefits of lower global oil prices as petroleum prices see one of the biggest cuts in recent years ISLAMABAD: The federal government on Friday announced a major reduction in petroleum prices, cutting the price of petrol by Rs74 per litre and high-speed diesel (HSD) by Rs67 per litre in a move aimed […]
Continue ReadingPetrol and diesel prices set for major reduction as global oil markets ease following US-Iran peace agreement
Continue ReadingGovernment seeks stricter recovery measures for unpaid petroleum and climate support levies through tax authorities under Budget 2026-27.
Continue ReadingDISCOs, NGC instructed to maintain stable electricity supply across Pakistan during Muharram-ul-Haram observance ISLAMABAD: The Ministry of Energy (Power Division) has issued detailed operational directives to Distribution Companies (DISCOs), the National Power Control Centre (NPCC) and the National Grid Company (NGC) to ensure uninterrupted power supply during Muharram-ul-Haram, particularly on the 9th and 10th of […]
Continue ReadingFalling global oil prices and easing Middle East tensions raise prospects of lower petrol and diesel rates ISLAMABAD, June 18, 2026 — Pakistan is likely to slash petroleum prices in the upcoming review after Prime Minister Shehbaz Sharif directed authorities to pass on the benefits of declining international oil prices to consumers, raising expectations of […]
Continue ReadingPower distribution companies roll out simplified billing system with clearer layout, QR codes, and improved transparency for consumers nationwide.
Continue ReadingDespite overall subsidy cuts, K-Electric secures Rs163 billion allocation, becoming the biggest beneficiary in the 2026-27 power budget
Continue ReadingFinance Bill 2026 proposes new excise duty on petroleum products including naphtha, white spirit and solvent oil.
Continue ReadingGovernment introduces stringent petroleum levy laws for OMCs ISLAMABAD – The Pakistani government has introduced aggressive legislative amendments through the Finance Bill, 2026, targeting oil marketing companies (OMCs), refineries, and licensees with stringent compliance, penalty, and recovery mechanisms for the petroleum and climate support levies.
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