ISLAMABAD: In a bid to provide relief to consumers amidst fluctuating international oil markets, Pakistan is expected to announce a reduction in petroleum prices for the third consecutive fortnight, effective September 1, 2024.
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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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PSO Registers Staggering 180% Jump in FY24 Profit
Karachi, August 27, 2024 – Pakistan State Oil (PSO) has reported an extraordinary 180% increase in net profit for the fiscal year 2023-24, marking a significant achievement for the country’s leading oil marketing company.
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OGDCL Strikes Gas Gold in Punjab
Karachi, August 14, 2024 – Oil and Gas Development Company Limited (OGDCL) has announced a major gas discovery in the Mari East Block, located in Rahim Yar Khan, Punjab. This development represents a significant milestone for Pakistan’s energy sector and is expected to bolster the country’s energy security.
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Pakistan Slashes Petroleum Prices to Eases Inflation Woes
Karachi, Pakistan – August 13, 2024: In a much-awaited move that is set to provide significant relief to the inflation-stricken populace, the Pakistan government on Tuesday announced a substantial reduction in petroleum prices.
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OGDCL Launches Tight Gas Production at Sindh’s Nur West Well-1
Karachi, August 12, 2024 – Oil and Gas Development Company Limited (OGDCL), Pakistan’s premier Exploration and Production (E&P) firm, has proudly announced the initiation of tight gas production from its Nur West Well-1 located in Sindh. This marks a significant milestone for the company and the national energy sector.
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FBR Extends Rs 41 Billion Tax Bonanza to Power Sector
Karachi, August 11, 2024 – In a move that is likely to raise eyebrows, the Federal Board of Revenue (FBR) has extended tax concessions worth a staggering Rs 41 billion to the power sector for the tax year 2024.
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Mari Petroleum Achieves Record Annual Earnings in FY24
Karachi, August 8, 2024 – Mari Petroleum Company Limited announced on Thursday that it achieved its highest-ever annual earnings for the fiscal year 2023-24, marking a significant milestone in the company’s history.
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Finally, KE Extends Electricity Bill Payment Deadline
Karachi, August 6, 2024 – Karachi Electric (KE) has announced an extension for electricity bill payments, responding to consumer demands and following directives from Prime Minister Shehbaz Sharif. This move comes as a relief to many residents grappling with the recent surge in power costs.
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OGDCL Announces Major Gas Discovery in Pakistan
Karachi, August 6, 2024 – The Oil and Gas Development Company Limited (OGDCL), a prominent player in Pakistan’s energy sector, has announced a significant new gas discovery in the country.
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High Petroleum Prices Cut Sales 11% YoY in July 2024
Karachi, August 2, 2024 – High petroleum prices have significantly impacted the oil sector, reducing sales by 11% year-on-year (YoY) in July 2024, according to research analysts at Arif Habib Limited. Total petroleum sales for the month stood at 1.20 million tons, reflecting the challenging market conditions.
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