The Asian Development Bank (ADB) has approved a $200 million loan to support Pakistan in modernizing its power distribution infrastructure and enhancing the capacity of distribution companies to provide reliable electricity.
(more…)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.
-
KE Faces Strong Reaction from Traders
KARACHI: Traders in the city have issued a stern warning to K-Electric (KE) against recovering its outstanding dues of Rs68 billion from compliant bill-paying citizens and businesses, threatening widespread protests if such an attempt is made.
(more…) -
Latest Petrol and Diesel Prices in Pakistan as of December 9, 2024
As of December 9, 2024, the latest petrol and diesel prices in Pakistan remain unchanged from the adjustments made on December 1, 2024, and will stay in effect until December 15, 2024.
(more…) -
Pakistan Rebuffs Reports of Discounted Oil Deal with Russia
Islamabad, December 4, 2024 – Petroleum Minister Musadik Malik on Wednesday categorically denied reports suggesting that Pakistan and Russia had reached an agreement for the supply of discounted crude oil.
(more…) -
Latest Petroleum Price Hike Driven by Taxes and OMC Margins
The recent increase in petroleum product prices in Pakistan has been attributed to multiple factors, including taxes and Oil Marketing Companies’ (OMCs) margins, which collectively account for 68% of the ex-depot prices. Effective December 1, 2024, petrol prices rose by Rs 3.72 per litre to Rs 252.10, while High-Speed Diesel (HSD) saw a hike of Rs 3.29, now costing Rs 258.43 per litre.
(more…) -
Petroleum Sales Surge to 25-Month High in November 2024
Karachi, December 3, 2024 – Pakistan’s petroleum sales climbed to a remarkable 25-month high of 1.58 million tons in November 2024, marking a 15% year-on-year (YoY) increase, according to analysts at Arif Habib Limited. This significant growth is attributed to heightened demand driven by curbs on smuggled Iranian petroleum products and a 12-15% YoY reduction in motor spirit (MS) and high-speed diesel (HSD) prices, respectively.
(more…) -
Pakistan Hikes Petrol and Diesel Prices for Early December 2024
Islamabad, November 30, 2024: The government of Pakistan has announced an increase in the prices of key petroleum products for the first half of December 2024. The adjustment, based on recommendations from the Oil and Gas Regulatory Authority (OGRA), reflects global market trends and rising oil prices.
(more…) -
Expected Petroleum Prices in Pakistan for December 2024
Pakistan is anticipated to raise petroleum product prices starting December 1, 2024, as global oil prices continue to climb. The price adjustment will follow the routine fortnightly review of petroleum prices, with the updated rates scheduled for announcement on November 30, 2024. These revised prices will be effective from December 1 to December 15, 2024.
(more…) -
PPL Discovers Significant Gas Deposits in Sindh
Pakistan Petroleum Limited (PPL), as the operator of the Shah Bandar Block in Sujawal District, Sindh, has made a significant gas and condensate discovery at the Pateji X-1 well. This marks the second discovery in the block, highlighting its hydrocarbon potential.
(more…) -
Pakistan Likely to Increase Petroleum Prices for December 2024
Pakistan is expected to raise petroleum product prices starting December 1, 2024, driven by a recent surge in international oil prices. The adjustment will follow the fortnightly review of petroleum prices, with the next update scheduled for November 30, 2024. The revised prices will remain effective from December 1 to December 15, 2024.
(more…)