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 prices of petroleum products in Pakistan from July 01, 2022
ISLAMABAD: The government of Pakistan has announced another raise in prices of petroleum products effective from July 01, 2022. The new prices of petrol have been increased by Rs14.85 per liter to Rs248.74 from Rs233.89. The rate of high speed diesel has been increased by Rs13.25 per liter to Rs276.54 from Rs263.31. The rate of…
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Petroleum prices in Pakistan may rise from July 01, 2022
KARACHI: The prices of petroleum products in Pakistan are likely to increase due to planned implementation of petroleum levy and sales tax from July 01, 2022. The National Assembly on Wednesday passed the Finance Bill 2022, which enabled the government to impose petroleum levy up to Rs50 per liter on petroleum products. READ MORE: New…
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GIZ Pakistan organizes certificate award ceremony
LAHORE: Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) Pakistan has organized certificate award and showcasing programme achievements ceremony under clean power purchasing development project. A certificate award ceremony for Master Trainers in Entrepreneurial Skills trained at the Professional Development Center of National University of Science & Technology (NUST) Islamabad under the Clean Power Purchasing Development project.…
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Govt urged to minimize reliance on LNG import
ISLAMABAD: As Pakistan is facing with severe natural gas shortage for the last couple of years, it has started relying heavily on Liquefied Natural Gas (LNG), however, the government needs to explore other energy sources to save environment as well as financial spending on the LNG import. There are other green energy options like solar…
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OGDCL discovers oil, gas reserves in Sindh
KARACHI: Oil and Gas Development Company Limited (OGDCL), a public limited company of Pakistan with 75 percent share of the government, on Wednesday announced a discovery of oil and gas reserves in Tando Allha Yar, Sindh Province. The Joint Venture of Nim Block Comprising OGDCL as Operator (95 per cent) and Government Holdings (Private) Limited…
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FPCCI shocked over petroleum price hike
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday expressed shock and dismay on massive increase in prices of petroleum products. FPCCI Acting President Shabbir Hassan Mansha in a statement expressed his shock and awe at the astronomical increase in the prices of petrol and diesel. READ MORE: Pakistan braces for worst…
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New petroleum prices in Pakistan from June 16, 2022
ISLAMABAD: Pakistan on Wednesday announced yet another hike in petroleum prices effective from June 16, 2022. Finance Minister Miftah Ismail at a press conference announced the increase in prices of petroleum products. It is third consecutive increase in petroleum products. The government massively increased the prices of petroleum products. READ MORE: New petroleum prices in…
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What are new petroleum prices in Pakistan?
KARACHI: The government is likely to revise the prices of petroleum products today June 15, 2022 for next fortnight. Recently, the petrol prices have been increased up to Rs60 per liter during May 27 to June 02.
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Petroleum levy to generate Rs750 billion
ISLAMABAD: The government has estimated a collection of Rs750 billion as petroleum levy during next fiscal year 2022/2023. It is worth mentioning that the previous PTI government had not imposed a petroleum levy in order to provide petroleum products at cheaper rates. READ MORE: FBR assigned tax collection target of Rs7 trillion in 2022/2023 However,…
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Share of domestic electricity consumption declines
ISLAMABAD: The share of electricity consumption by domestic and commercial consumers in the total consumption has declined during first nine months of the current fiscal year, according to Economic Survey of Pakistan 2021/2022. The share of electricity consumption by household users fell to 47 per cent during July – March 2021/2022 as against the share…
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