Pakistan is likely to slash prices of petroleum products from June 16, 2024, in its forthcoming fortnightly review scheduled for Saturday, June 15, 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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Petroleum Levy Enhanced to Rs 80 per Liter in 2024-25 Budget
PkRevenue.com – The government on Wednesday unveiled the budget for the fiscal year 2024-25, introducing an enhanced petroleum levy. The maximum rate of this levy has been increased to Rs 80 per liter on various petroleum products.
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Pakistan Grants Rs 1.4 Trillion Tax Exemption on Petroleum Sales
PkRevenue.com — In a significant fiscal move aimed at alleviating inflationary pressures on its citizens, Pakistan has granted a sales tax exemption totaling Rs 1.4 trillion on petroleum products for the fiscal year 2023-24, as revealed by official documents on Wednesday.
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World Bank Pours $1 Billion into Pakistan’s Hydropower Project
To bolster Pakistan’s energy sector, the Executive Directors of the World Bank on Tuesday approved an additional $1 billion financing for the Dasu Hydropower Stage I (DHP I) Project.
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Latest Petroleum Prices in Pakistan as of June 10, 2024
PkRevenue.com — The Government of Pakistan has updated petroleum prices effective from today, June 10, 2024, which will remain applicable until June 15, 2024.
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Government Reassures Public, Net Metering Policy Here to Stay
PkRevenue.com – Pakistan’s Ministry of Finance has squashed rumors of changes to the net metering policy, a program that incentivizes renewable energy use. Minister of State Ali Pervaiz Malik issued a press statement on Wednesday firmly denying any revisions or restrictions on net metering.
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Pakistan Witnesses 9% Dip in Petroleum Sales During 11MFY24
PkRevenue.com — Pakistan has recorded a 9 percent decline in petroleum sales during the first 11 months (July–May) of the fiscal year 2023-24 compared to the same period in the previous fiscal year.
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OGDCL Commences Hydrocarbon Production from Chanda-7 Well
PkRevenue.com — The Oil and Gas Development Company Limited (OGDCL) announced on Monday the commencement of hydrocarbon production from its newly developed Chanda-7 well.
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Tax Managers Propose Removal of E&P Depletion Allowance
PkRevenue.com – The tax managers of Federal Board of Revenue (FBR) have recommended a significant policy change that could impact the Exploration and Production (E&P) sector.
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Pakistan Slashes Petrol Price by Rs 4.74/Liter Starting June 1
PkRevenue.com – Pakistan has reduced the petrol price by Rs 4.74 per liter, effective June 1, 2024. The price of high-speed diesel (HSD) has also been cut by Rs 3.86 per liter, reflecting the recent downward trend in international petroleum product prices.
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