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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Pakistan hikes petroleum prices up to 50.71% in a week
ISLAMABAD: The Pakistan government led by a coalition government has sharply increased petroleum prices by up to 50.71 per cent in just one week. Finance Minister Miftah Ismail on Thursday made second announcement in just span of one week to increase the prices of petroleum products around Rs30 per liter each time. READ MORE: New…
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New petroleum prices in Pakistan from June 03, 2022
KARACHI: The government has announced further increase in prices of petroleum products by Rs30 per liter each from 12:00 AM of June 03, 2022. Finance Minister Miftah Ismail in a press conference on Thursday announced a significant increase in petroleum prices by Rs30 per liter each. READ MORE: Petroleum prices in Pakistan from June 01,…
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Petroleum prices in Pakistan from June 01, 2022
KARACHI: The government of Pakistan on Tuesday decided to keep the petroleum prices unchanged for the next fortnight despite revenue losses due to rising petroleum prices globally. The prices of petroleum products from June 01, 2022 shall be: Petrol at Rs179.86 per; High Speed Diesel at Rs174.15 per liter; kerosene oil at Rs155.56 per liter;…
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New petroleum prices in Pakistan from May 27, 2022
ISLAMABAD: The finance division of the ministry of finance on Thursday issued new prices of petroleum products effective from May 27, 2022 after a raise of Rs30 per liter on all petroleum products. The new prices of petroleum products are as follow: READ MORE: Pakistan increases petroleum prices by Rs30 per liter The rate of…
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Pakistan increases petroleum prices by Rs30 per liter
ISLAMABAD: Pakistan on Thursday announced a massive increase in prices of all petroleum products by Rs30/- per liter in order to satisfy International Monetary Fund (IMF) for release of $1 billion tranche. Finance Minister Miftah Ismail at a press conference announced to increase the prices of petroleum products admitting that there was no way out…
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K-Electric, Siemens sign deal for KKI Grid construction
KARACHI: K-Electric has awarded the EPC contract for the construction of 500/220 kV KANUPP – K-Electric Interconnection (KKI) Grid to Siemens (Pakistan) Engineering Company Limited, according to a statement issued on Tuesday. The signing ceremony between Siemens and K-Electric was held at KE’s Head Office. KKI Grid will be the addition of fourth interconnection in…
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ECC approves Rs55.48bn for price differential claims of OMCs
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved an amount of Rs55.48 billion for payment of price differential claims of Oil Marketing Companies (OMCs). Federal Minister for Finance and Revenue Miftah Ismail presided over a meeting of the Economic Coordination Committee (ECC) of the Cabinet at Finance Division. READ MORE: Govt.…
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Govt. decides to continue subsidy on petroleum prices
ISLAMABAD: The coalition government led by PML-N has decided to continue the subsidy on prices of petroleum products in order to prevent people from high prices. Finance Minister Miftah Ismail on Sunday May 15, 2022 announced to maintain the prices of petroleum products at the same level, which were announced by the previous PTI government.…
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Multan customs auctions smuggled diesel oil on May 18, 2022
The Directorate of Customs Intelligence and Investigation (I&I) in Multan has announced an upcoming auction scheduled for May 18, 2022, featuring a significant quantity of seized smuggled high-speed diesel (HSD) oil.
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Rupee devaluation severely affects KE’s profitability
KARACHI: The net profitability of K-Electric declined by 84 per cent to settle at Rs1.5 billion in relation to last year’s Rs 9.44 billion mainly sharp devaluation in Pakistan Rupee (PKR). A statement issued on Monday stated driven by continued and targeted investments of Rs 36.99 Billion across the power value chain, key operational indicators…
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