ISLAMABAD: The federal government has decided to keep fuel prices unchanged for the next fortnight, according to a notification issued by the Finance Division. This decision is based on the price trends of petroleum products in the international market during the last two weeks, as calculated by the Oil and Gas Regulatory Authority (OGRA).
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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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PPL Unveils Significant Gas, Condensate Find in Sindh
Karachi, November 15, 2024 – Pakistan Petroleum Limited (PPL), a leading oil and gas exploration company, has announced a significant hydrocarbon discovery from its Pateji X-1 well in the Shah Bandar block, located in Sujawal district, Sindh.
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OGDCL Aims to Finalize Reko Diq Feasibility Study by End-2024
Karachi, November 15, 2024 – The Oil and Gas Development Company Limited (OGDCL) has announced that the feasibility study for the Reko Diq copper-gold project is expected to conclude by December 2024. The update came during OGDCL’s Corporate Briefing Session (CBS) on Friday, where the company outlined its financial performance and future outlook.
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OGRA Hosts Workshop to Strengthen Oil Sector Monitoring System
Islamabad, November 14, 2024 – The Oil and Gas Regulatory Authority (OGRA) has taken a significant step toward bolstering accountability in Pakistan’s oil sector by organizing a workshop focused on implementing an effective track and trace system.
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Latest Petroleum Prices in Pakistan on November 14, 2024
The updated petroleum prices in Pakistan as of November 14, 2024, are as follows: Petrol at PKR 248.38 per liter, High-Speed Diesel (HSD) at PKR 255.14 per liter, Kerosene Oil at PKR 161.54 per liter, and Light Diesel Oil (LDO) at PKR 147.51 per liter.
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Nepra Takes Firm Stance on KE Compliance Failures
Islamabad, November 14, 2024 – The National Electric Power Regulatory Authority (Nepra) has issued a show cause notice to K-Electric (KE) following repeated failures to comply with regulatory directives related to net-metering applications.
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Pakistan Set to Escalate Petroleum Prices from November 16
Islamabad, November 13, 2024 – Pakistan is preparing to implement another surge in petroleum prices, marking the second increase within November, as reported by official sources. This anticipated adjustment, effective from November 16, 2024, is driven by escalating premiums on petroleum products in the global market, which have significantly raised import costs and strained domestic resources.
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Ogra Proposes Cut in Diesel Deemed Duty
The Oil & Gas Regulatory Authority (Ogra) has recommended a significant reduction in deemed duty on high-speed diesel (HSD), urging that the current rate of 7.5% be cut to 5% for refineries that have not committed to upgrade agreements as outlined in the Pakistan Oil Refinery Policy.
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NEPRA Reduces FCA for September 2024 Electricity Prices
The National Electric Power Regulatory Authority (NEPRA) has announced a reduction of Rs 1.28 per unit in electricity prices for September 2024 under the Fuel Charges Adjustment (FCA). This reduction, effective in November’s billing cycle, reflects adjustments based on global fuel price variations that impact monthly power bills.
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FPCCI Proposes Essential Amendments to Petroleum Act 1934
Karachi, November 4, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed essential amendments to the Petroleum Act of 1934, emphasizing the need for modernization to address the evolving demands of the petrochemical industry.
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