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.
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Petroleum Sales Witness 8% Decline in August 2023
Karachi, September 2, 2023 – Pakistan’s total petroleum sales for August 2023 reached 1.41 million tons, marking an 8 percent year-on-year (YoY) decline.
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Petroleum Prices in Pakistan Hit All-Time High
Karachi, September 1, 2023 – Pakistan is currently facing an unprecedented challenge as petroleum prices soar to all-time highs, marking a significant economic concern for its citizens and policymakers alike. On August 31, 2023, the caretaker government announced a substantial hike in the prices of petrol and high-speed diesel (HSD), sending shockwaves throughout the country.
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Pakistan Increases Petrol to Rs 305.36 Per Liter and Diesel 313.84 from Sept 1
Islamabad, August 31, 2023: Pakistan has made an announcement on Thursday regarding a substantial increase in petroleum prices, set to take effect from September 1, 2023. In its bi-weekly review, the government has adjusted the petrol rate to Rs 305.36 per liter and raised the diesel price to Rs 313.84 per liter.
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Pakistan Announces Petroleum Prices for First Half of September 2023
On August 31, 2023, Pakistan is scheduled to announce petroleum prices for first half of September 2023. The anticipated price hike, set to take effect from September 1, 2023, is a direct response to the alarming depreciation of the Pakistani Rupee (PKR) against the US dollar.
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Chinese Company Warns to Stop Work at Thar Coal Mines Over Non-Payment
Karachi, August 30, 2023 – The China Machinery Engineering Corporation (CMEC) has issued a stern warning, indicating its intention to halt work at the Thar coal mines if outstanding payments are not cleared by September 10, 2023.
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Petroleum Levy Soars to Record High Under PDM Government, Amidst Economic Challenges
In a recent revelation by Pakistan’s Ministry of Finance, the previous government, led by the Pakistan Democratic Movement (PDM), which comprised several prominent political parties, has left the nation grappling with a staggering burden of Rs 452 billion due to the imposition of a petroleum levy during the fiscal year 2022-23. This unprecedented financial load…
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Pakistan Unveils New Withholding Tax Rates on Electricity Bills
Karachi, August 27, 2023 – In a bid to streamline its tax system and encourage responsible energy consumption, the Federal Board of Revenue (FBR) of Pakistan has unveiled revised withholding tax rates on electricity bills for the fiscal year 2023-24.
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Inevitable Petroleum Price Hike Looms for Pakistan in Early September 2023
Karachi, August 26, 2023 – Pakistan is on the brink of implementing a second round of price increases for petroleum products in the first half of September 2023.
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