Islamabad, February 27, 2026 – The Power Division on Friday issued a formal clarification to address public confusion arising from recent media reports that linked the Fuel Cost Adjustment (FCA) with the electricity relief package announced by the Prime Minister. Officials emphasized that the two are entirely separate components within the tariff determination framework and have no direct connection.
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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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SSGC faces cash crunch as Rs47 billion dues loom from KE and PSML
Karachi, February 27, 2026 – Sui Southern Gas Company Limited (SSGC) announced its financial results for the half-year ended December 31, 2025, revealing Rs47 billion in receivables from K-Electric Limited (KE) and Pakistan Steel Mills Corporate Limited (PSML).
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Wafi Energy pays Rs4.60 billion income tax, reports 4.51% net profit rise in CY25
Karachi, February 27, 2026 – Wafi Energy Pakistan Limited announced its financial results for the year ended December 31, 2025, reporting a net profit increase of 4.51% and the payment of Rs4.60 billion in income tax, marking a 20% rise compared to Rs3.85 billion in 2024.
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Pakistan awards 11 oil and gas blocks, attracts Rs8.66 billion investment
Islamabad, February 26, 2026 – The Government of Pakistan has taken a major step to boost domestic energy production by awarding 11 onshore oil and gas blocks to leading national companies, securing a minimum committed investment of Rs8.66 billion (USD 31 million) over the next three years.
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PPL settles disputes with Descon over two major EPCC projects
Karachi, February 26, 2026: Pakistan Petroleum Limited (PPL) on Thursday announced that it has reached an amicable settlement with Presson Descon International (Private) Limited (PDIL) and Descon Engineering Limited (DEL) to resolve long-standing disputes related to two major Engineering, Procurement, Construction, and Commissioning (EPCC) projects.
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HUBCO posts 152% surge in net profit for 2QFY26, announces PKR 5/share dividend
Karachi, February 24, 2026 — The Hub Power Company Limited (HUBCO) has reported a robust financial performance for the second quarter of fiscal year 2025-26 (2QFY26), posting a 152% year-on-year (YoY) jump in profit after tax (PAT) to PKR 10.6 billion, translating into earnings per share (EPS) of PKR 8.2, compared with PKR 4.2 billion (EPS: PKR 3.2) in the same period last year.
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OGDCL suffers 16% fall in net profit in second quarter of FY26
Karachi, February 23, 2026 – Oil and Gas Development Company Limited (OGDCL) on Monday reported a 16% year-on-year decline in net profit for the second quarter of fiscal year 2026, primarily due to lower gas production, rising operating costs, and higher exploration expenses.
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Government to cut taxes to lower electricity tariffs: Awais Leghari
Dera Ghazi Khan, February 22, 2026 – Federal Minister for Power Awais Leghari on Saturday said the government is actively working to reduce electricity tariffs by cutting taxes, aiming to provide tangible relief to households, businesses, and industries struggling with rising energy costs.
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Industry gets Rs12.13 billion electricity relief in two months under surplus package
Islamabad, February 21, 2026 — The Power Division announced that industrial consumers in Pakistan received electricity tariff relief worth Rs12.125 billion during December 2025 and January 2026 under the government’s Industrial Surplus Electricity Package.
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Pakistan petroleum discovers new hydrocarbons from Lumshiwal Formation
Pakistan Petroleum Limited (PPL) on Friday announced a fresh oil and gas discovery from the Lumshiwal Formation at the exploratory well Baragzai X-01 (Slant), located in the partner-operated Nashpa Block in district Kohat, Khyber Pakhtunkhwa.
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