Category: Energy
You can go through stories related to energy. The stories are about changes in petroleum prices and updates on energy sector of Pakistan and world.
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New petroleum prices in Pakistan effective from December 01, 2022
ISLAMABAD: The finance division on Wednesday issued the new prices of petroleum products with effect from December 01, 2022. According to a notification, the prices of petroleum products with effect from December 01, 2022 will be as follows: Petrol price will be remained unchanged at Rs224.80 per liter. READ MORE: Pakistan may impose petroleum tax…
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Pakistan keeps prices of petrol, HSD unchanged till December 15, 2022
ISLAMABAD: Pakistan on Wednesday kept the prices of petrol and high speed diesel (HSD) for next fortnight starting December 01, 2022. However, the prices of kerosene oil and light speed diesel (LDO) reduced by Rs10 per liter and Rs7.5 per liter, respectively. READ MORE: Pakistan to decide petroleum prices effective from December 01, 2022 Finance…
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Pakistan to decide petroleum prices effective from December 01, 2022
Pakistan will decide petroleum prices on Wednesday November 30, 2022 for next fortnight starting from December 01, 2022. The country will revise the petroleum prices for the next fortnight amid sharp fall in international oil prices. However, on the other hand the depreciation in rupee value and imminent imposition of sales tax on petroleum products…
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Pakistan may impose petroleum tax to avert revenue shortfall
ISLAMABAD: Pakistan likely to impose tax on petroleum products to avert imminent shortfall in revenue collection. Reports suggested that the Federal Board of Revenue (FBR) – the apex tax collecting agency of the country – is anticipating massive revenue shortfall in coming months due to no tax on petroleum products besides slowdown in economic activity.…
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Shell Pakistan signs ABHI for voluntary carbon compensation offer
KARACHI: Shell Pakistan Limited has signed ABHI, Pakistan’s first financial wellness platform, as its first official customer for the launch of its new voluntary carbon compensation program, according to a statement issued on Thursday. This program provides an avenue for all ABHI employees who are using Shell Fuel Cards to offset hard-to-abate carbon emissions from…
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K-Electric sees positive outlook despite challenges
KARACHI: K-Electric, a power utility providing electricity to residential, commercial and industrial consumers of Karachi, is confident of positive outlook despite macroeconomic and geopolitical challenges. “Despite macroeconomic and geopolitical challenges, KE is confident in serving its customers in a reliable and efficient way through a comprehensive, multi-pronged strategy,” said KE’s Chief Financial Officer Muhammad Aamir…
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China Power serves encashment notice as HUBCO standby letter of credit expires
KARACHI: China Power Hub Generation Company (CPHGC) on Wednesday served an encashment notice to Hub Power Company (HUBCO) under standby letter of credit (SBLC), which expires today i.e. November 23, 2022. According to a notice of Pakistan Stock Exchange (PSX), an encashment notice has been served by China Power Hub Generation Company (CPHGC) on November…
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Petroleum prices in Pakistan for next 10 days; what next?
ISLAMABAD: Following are petroleum prices in Pakistan during next 10 days will or November 30, 2022 if those are not changed earlier: The price of petrol shall be Rs224.80 per liter; high speed diesel Rs235.30 per liter; kerosene oil Rs191.83; and light diesel oil Rs186.50 per liter. The government likely to review petroleum prices on…
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Industries threaten mass protest against gas supply shutdown
KARACHI: Industries have threatened the government of across the board protests against suspension of gas supply, which halted industrial activities and is affecting exports. Karachi Chamber of Commerce & Industry (KCCI) and Industrial Town Associations, while expressing deep concerns over suspension of gas supply to the industries in Karachi, stated that all the industries were…
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Petroleum prices in Pakistan for next fortnight effective from November 16, 2022
ISLAMABAD: The government of Pakistan on Tuesday decided to keep the petroleum prices unchanged for next fortnight starting from November 16, 2022. It was third straight announcement to keep the prices of petroleum products unchanged. Previously, on September 30, 2022 following changes in petroleum prices were announced: The rate of petrol has been reduced by…
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