The Oil Companies Advisory Council (OCAC) has urged the Punjab and Federal Capital administrations to take immediate steps to facilitate the transport of petroleum products, warning of an impending fuel crisis due to ongoing disruptions caused by Pakistan Tehreek-i-Insaf (PTI) protests.
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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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FPCCI Urges Modernized OGRA Laws for LPG Regulation
Karachi, November 25, 2024 – Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has urged the introduction of updated laws for the Oil & Gas Regulatory Authority (OGRA) to address challenges in the LPG supply chain. He emphasized the need for a regulatory framework that is fair, inclusive, and aligned with the realities of the industry to benefit all stakeholders and consumers.
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Updated Petroleum Prices in Pakistan for November 23, 2024
Karachi, November 23, 2024 – The updated petroleum prices in Pakistan for Saturday, November 23, 2024, will remain in effect until the end of this month.
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APPMA Opposes K-Electric’s Rs 68 Billion Write-Off Request
ISLAMABAD: The All Pakistan Processing Mills Association (APPMA) has strongly opposed the approval of K-Electric’s (KE) Rs 68 billion write-off claims, deeming them unjustifiable.
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Hascol Petroleum Responds to PSX on Share Price Fluctuations
Karachi, November 20, 2024 – Hascol Petroleum Limited on Wednesday submitted its reply to Pakistan Stock Exchange (PSX) regarding unusual movements of shares. Hascol Petroleum said that the company remains committed to promptly disclosing any material or price-sensitive information that may impact the trading price or volume of its shares, in strict compliance with the Securities Act, 2015 and PSX Regulations.
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Pakistan Imports Petroleum Products Worth $5.11B in 4MFY25
Karachi, November 20, 2024 – Pakistan imported petroleum products worth $5.11 billion during the first four months (July–October) of the current fiscal year 2024-25, according to data released by the Pakistan Bureau of Statistics (PBS).
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PSX Asks Hascol Petroleum to Explain Unusual Share Movements
Karachi, November 20, 2024 – The Pakistan Stock Exchange (PSX) has issued a formal notice to Hascol Petroleum Limited, requesting an explanation regarding the unusual fluctuations in the price and volume of its shares.
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ECC Approves Winter Package to Boost Electricity Consumption
Islamabad, November 19, 2024 – The Economic Coordination Committee (ECC) of the Cabinet has approved a winter package designed to increase electricity demand while reducing the country’s reliance on natural gas during the colder months.
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CCP Greenlights Total Parco Stake Transfer Deal
Islamabad, November 18, 2024 – The Competition Commission of Pakistan (CCP) has approved the acquisition of a 50% stake in Total Parco Pakistan Limited (TPPL) by Aquashore SA, a Switzerland-based company operating under the Gunvor Group. This strategic move further underscores the growing global interest in Pakistan’s dynamic energy sector.
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MYT Pending, KE Fails to Transmit Financial Statements
Karachi, November 18, 2024 – K-Electric (KE) has faced a setback in transmitting its annual financial statements and holding its Annual General Meeting (AGM) due to the pending determination of its Multi-Year Tariff (MYT) by the National Electric Power Regulatory Authority (NEPRA).
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