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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Today’s petroleum prices in Pakistan on Oct 21, 2022
ISLAMABAD: The prices of petroleum prices in Pakistan as of October 21, 2022 is as follow: The rate of petrol is Rs224.80 per liter. The price of high speed diesel is Rs235.30 per liter. The rate of Kerosene oil is Rs191.83 per liter. The price of light diesel oil is Rs186.50 per liter. READ MORE:…
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Cabinet approves expansion of advance meters installation
ISLAMABAD: The federal cabinet, chaired by Prime Minister Muhammad Shehbaz Sharif, approved the expansion of the advanced meters project beyond Islamabad to address line losses in the power sector.
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Pakistan keeps petroleum prices unchanged from October 16, 2022
The government of Pakistan has decided to keep the prices of petroleum products unchanged for the fortnight starting from October 16, 2022. Finance Minister Muhammad Ishaq Dar in a statement said that Oil and Gas Regulatory Authority (OGRA) had sent summary for increase in prices of petroleum products but the government had decided to maintain…
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FBR collects Rs459 billion as sales tax on POL products in TY 2022
The Federal Board of Revenue (FBR) has reported a substantial growth in sales tax collection on the import of Petroleum, Oil, and Lubricants (POL) products during the tax year 2022, reaching an impressive Rs459 billion.
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Mari Petroleum plans first offshore drilling by 4QFY23
KARACHI: Mari Petroleum Company has planned to drill first well at offshore block in fourth quarter of the current fiscal year. The management of the company on Friday while commenting on the Abu Dhabi offshore block, disclosed that the company planned to drill first well in 4QFY23 with the consortium. “For this, company has invested…
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Pakistan Petroleum discovers gas in Sindh
KARACHI: Pakistan Petroleum Limited (PPL) on Wednesday announced discovery of gas from its well located in District Sanghar, Sindh province. The company in a communication sent to Pakistan Stock Exchange (PSX), announced a gas and condensate discovery from exploration well Shahpur Chakar North X-1, in Block 2568-18 (Gambat South), located in District Sanghar, Sindh Province.…
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Pakistan may sharply cut petroleum prices from Oct 16, 2022
ISLAMABAD: Pakistan may announce a sharp reduction in petroleum prices for next fortnight starting from October 16, 2022 owing to massive gain in value of local currency and lower prices of oil in international markets. Finance Minister Ishaq Dar has also hinted to reduce the oil prices significantly in order to stabilize the economy and…
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Faysal Bank, K-Electric collaborate to ease customer’s payment
KARACHI: Faysal Bank Limited (FBL), one of the leading Islamic Banks in the country, and K-Electric have come together to ease customer’s payment burden in times of economic crunch. As part of the collaboration, Faysal Islami Noor Card holders will now be able to pay their electricity bills through easy instalment plan options of up…
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NEPRA acknowledges KE’s operational performance
KARACHI: A report published by National Electric Power Regulatory Authority (NEPRA) has acknowledged the improved operational performance of the KE, the utility company responsible for power generation and supply to Karachi. The report, published annually by National Electric Power Regulatory Authority (NEPRA), also highlighted the longstanding issue of supply of low gas to K-Electric’s power…
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Pakistan petroleum sales plunge by 23% in 1QFY23
KARACHI: Pakistan sales of petroleum products have plunged by 23 per cent in first quarter (July – September) of the current fiscal year 2022/2023, official data revealed on Monday. The petroleum sales fell to 4.49 million tons during the first quarter of the fiscal year 2022/2023 as compared with 5.86 million tons in the same…
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