Islamabad – Oil refineries have raised serious concerns over a recent shift in sales tax regulations, moving from a zero-rated regime to an exemption system.
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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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Govt Plans Rationalizing Net Metering for Electricity Consumers
Federal Energy Minister Awais Leghari announced on Monday that the government is planning to “rationalize net metering,” ensuring that no additional financial burden is placed on other electricity consumers.
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Pakistan Reduces Petroleum Prices for First Half of March 2025
Islamabad, February 28, 2025 – The government of Pakistan has announced a reduction in petroleum prices for the first half of March 2025, providing some relief to consumers amid fluctuating global oil rates.
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OGDCL Reports 33% Fall in Half-Year Profit Amid High Taxation
Karachi, February 28, 2025 – Oil and Gas Development Company Limited (OGDCL) has reported a significant 33% decline in its half-year profit after tax, primarily due to increased taxation.
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Expected Petroleum Prices in Pakistan for March 2025
Islamabad, February 28, 2025 – Pakistan is preparing to revise petroleum prices for the first half of March 2025, with the new rates set to take effect from March 1, 2025.
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OGDCL Discovers Oil and Gas in North Waziristan
Karachi, February 25, 2025 – The Oil and Gas Development Company Limited (OGDCL) has announced a significant discovery of oil and gas at the Exploratory Well Spinwam-1 in the Waziristan Block, situated in the North Waziristan District of Khyber Pakhtunkhwa Province.
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Pakistan, Azerbaijan Sign MOU for Joint Oil Trading Company
Karachi, February 24, 2025 – Pakistan and Azerbaijan have strengthened their energy sector collaboration by signing a Memorandum of Understanding (MOU) on Monday for the establishment of a joint oil trading company.
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Shell Pakistan Reports 44% Dip in Annual Profit Amid High Taxes
Karachi, February 20, 2025 – Shell Pakistan, now rebranded as Wafi Energy Pakistan Limited, has reported a 44% drop in annual profit for the financial year ending December 31, 2024.
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Pakistan Opens 71 New Blocks for Oil and Gas Exploration
Islamabad – Pakistan has announced the offering of 71 new blocks for oil and gas exploration, marking a significant step in revitalizing the country’s energy sector after a decade.
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PSO Partners with HUBCO to Develop EV Charging Infrastructure
Karachi, February 17, 2025 – Pakistan State Oil (PSO) has announced a significant partnership with HUBCO Green (Private) Limited to establish and promote electric vehicle (EV) charging infrastructure across Pakistan.
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