Islamabad, June 16, 2023 – The import bill for Pakistan’s petroleum group has experienced a significant decline of 22% due to falling international oil prices and reduced domestic demand.
(more…)Category: Energy
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.
-
Pakistan Expected to Raise Petrol Prices from July 2023 to Boost Revenue
Pakistan is expected to implement a petrol price hike starting from July 2023, during the fiscal year 2023/2024. The decision stems from the government’s ambitious goal of collecting approximately Rs870 billion in petroleum levies to enhance revenue generation, as outlined in budget documents.
(more…) -
Pakistan Customs to Auction Confiscated Smuggled High-Speed Diesel Oil
Multan, Pakistan – Pakistan Customs has recently announced its plans to auction a significant quantity of confiscated smuggled high-speed diesel (HSD) oil on June 19, 2023.
(more…) -
Pakistan Decides to Keep Petroleum Prices Unchanged for Next 15 Days
Pakistan on Thursday made the decision to maintain the current prices of petroleum products for the next 15 days, effective from June 16 until the end of the month.
(more…) -
OGDCL Commences Oil and Gas Production from Wali (Bettani) Field in Khyber Pakhtunkhwa
Karachi, June 15, 2023 – The Oil and Gas Development Company Limited (OGDCL) has announced the successful commencement of oil and gas production from the Wali (Bettani) Field in District Lakki Marwat, Khyber Pakhtunkhwa Province.
(more…) -
Pakistan Aims to Generate Rs870 Billion from Petroleum Levy in 2023-24
Despite Challenges, Pakistan Sets Ambitious Revenue Target for Petroleum Levy in the Next Fiscal Year
(more…) -
Shell Announces Intention to Sell Holding in Shell Pakistan Limited
Karachi, June 14, 2023: Shell Petroleum Company Limited, a subsidiary of Shell plc (Shell), has revealed its plans to divest its stake in Shell Pakistan Limited (SPL), as part of its portfolio simplification strategy.
(more…) -
Pakistan Gears Up to Announce Petroleum Prices on June 15 Amid Russian Oil Arrival
Islamabad, June 14, 2023: Pakistan is gearing up to announce the petroleum prices for the final fortnight of the fiscal year 2022-2023 on June 15, 2023.
(more…) -
First Russian Crude Oil Carrier Ship Arrives at Port of Karachi
The port of Karachi on Sunday welcomed its first-ever Russian crude oil carrier ship. The arrival of this vessel marks a significant milestone in the relationship between Pakistan and the Russian Federation.
(more…) -
Pakistan Set to Announce Petroleum Prices for Last Fortnight of FY23
Pakistan is preparing to announce the petroleum prices for the last fortnight of the fiscal year 2022-2023 on June 15, 2023.
(more…)