Pakistan is poised to see a substantial reduction in petroleum prices starting June 1, 2024, driven by a notable decline in international oil prices.
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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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PM Orders Industrial Status for Gems and Stones Sector
Prime Minister Shehbaz Sharif on Wednesday directed authorities to grant industrial status to the gems and precious stones sector, emphasizing immediate action and collaboration.
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Chinese Companies Show Interest in Pakistan Refinery Limited
KARACHI, May 22, 2024 – Chinese companies have expressed keen interest in partnering with Pakistan Refinery Limited (PRL) on its ambitious Refinery Expansion and Upgrade Project (REUP).
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CCP Grants Exemption for Aramco and GO Petroleum Deal
Islamabad, May 21, 2024 – The Competition Commission of Pakistan (CCP) has granted a time-bound exemption on specific clauses of a product supply agreement between Aramco Trading (ATC) Fujairah FZE Ltd and Gas and Oil Pakistan Ltd (GO Petroleum).
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Pakistan Records 13.7% YoY Fall in Power Generation in April
Pakistan experienced a significant decline in power generation in April 2024, recording a 13.7 percent year-on-year (YoY) fall. According to the latest data, the country generated 8,639 GWh (11,612 MW) in April 2024, down from 10,010 GWh (13,903 MW) in April 2023.
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NEPRA Approves K-Electric’s PAP for 2024-2028
Karachi, May 20, 2024 – K-Electric Limited (KEL) announced on Monday that the National Electric Power Regulatory Authority (NEPRA) has approved its Power Acquisition Programme (PAP) for the fiscal years 2024 to 2028.
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ADB Approves $148.5 Million to Enhance Indian Electricity System
The Asian Development Bank (ADB) has greenlit a loan of $148.5 million aimed at bolstering the electric distribution system and improving the resilience of the electricity supply in Sikkim, India.
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Pakistan Slashes Petrol Price by Rs 15.39 per Liter from May 16th
In a bid to alleviate the economic burden on its citizens amidst the backdrop of declining global fuel prices, Pakistan has announced a significant reduction in the price of petrol by Rs 15.39 per liter.
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Pakistan Raises Petroleum Prices Amid Global Decline: SBP
The State Bank of Pakistan (SBP) has highlighted in its half-yearly report for July to December 2023-24 that Pakistan increased domestic petroleum prices despite a global downturn in oil markets.
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Citizens Hope Big Relief in Petroleum Prices from May 16th
Citizens of Pakistan may soon enjoy a significant reduction in petroleum prices, with announcements expected to bring relief starting May 16th, 2024.
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