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.
Power minister orders disciplinary action as CCMS data reveals widespread delays in complaint resolution across distribution companies
Federal Minister for Power Sardar Awais Ahmed Khan Leghari has ordered immediate disciplinary action against underperforming officers of electricity distribution companies (DISCOs) following a review that revealed widespread delays in resolving consumer complaints across Pakistan.
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Discovery at Bobi Deep-1 well expected to boost domestic hydrocarbon reserves and strengthen Pakistan’s energy security
Oil and Gas Development Company Limited (OGDCL) has announced a significant oil and gas discovery in Sindh’s Sanghar district, a development that could strengthen Pakistan’s domestic energy resources and support efforts to reduce reliance on imported fuels.
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Higher fuel prices and petroleum levy push transport and industrial demand lower, though full-year sales remain slightly positive
Petroleum product sales in Pakistan declined 23% year-on-year in May 2026, reflecting the impact of higher fuel prices and reduced consumption across key economic sectors, industry data showed.
(more…)Higher diesel levy absorbs part of global oil price decline as government prioritizes revenue collection ahead of budget
The government has retained a substantial share of the benefit from lower international oil prices by raising the petroleum levy on high-speed diesel (HSD), limiting the relief passed on to consumers despite a sharp decline in global fuel costs.
(more…)Federal Minister for Energy Owais Leghari has firmly rejected reports claiming that the government plans to end electricity subsidies for protected consumers, describing such claims as misleading and contrary to facts.
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In a significant relief for the public, the federal government on Friday announced a sharp reduction in petroleum prices, cutting both petrol and high-speed diesel (HSD) rates by Rs22 per litre across the country.
With the latest revision, the new price of petrol has been fixed at Rs381.78 per litre, while high-speed diesel will now be available at Rs380.78 per litre.
The price cut is expected to provide immediate relief to consumers and ease pressure on transport and logistics costs nationwide.
According to officials, the decision has been taken in light of the continued decline in global crude oil prices, allowing the government to pass on the benefit to local consumers.
The move comes as international energy markets show a downward trend, creating space for adjustments in domestic fuel rates.
This is the second reduction in fuel prices within a short span of time. Earlier, petrol prices were reduced by Rs6 per litre, while diesel saw a cut of Rs6.80 per litre.
The latest and much larger reduction is expected to have a broader impact on inflation, particularly in transport-dependent sectors.
High-speed diesel plays a key role in Pakistan’s economy, as it is widely used in freight transport, agriculture machinery, buses, and trucks.
Experts believe the price cut could help reduce supply chain costs, which may eventually reflect in the prices of essential commodities if savings are passed on to consumers.
The government has reiterated that providing relief to the public remains a key priority despite challenging economic conditions.
It has also maintained that support measures for transport operators, motorcyclists, rickshaw drivers, and small businesses will continue as part of its broader economic relief strategy.
On the global front, crude oil prices continued to slide on Friday. Brent crude fell nearly 2% to around $91 per barrel, while US West Texas Intermediate (WTI) dropped to about $87 per barrel.
Market analysts note that easing geopolitical concerns and expectations of stable supply have contributed to the recent decline in oil prices.
If this trend continues, further adjustments in domestic fuel prices may be seen in upcoming reviews, offering additional relief to consumers and businesses.
Government cuts fuel prices for second consecutive week as Pakistan prepares for Eid-ul-Adha holidays
Pakistan on Friday reduced petrol and diesel prices ahead of Eid-ul-Adha 2026, offering relief to consumers amid recent volatility in global oil markets and regional tensions affecting energy supplies.
(more…)Government cites Middle East tensions, Strait of Hormuz disruptions and rising crude prices as reasons behind petroleum price increase
The government on Thursday defended the recent increase in petroleum prices, citing escalating tensions in the Middle East, disruptions in global supply chains and rising international crude oil prices linked to instability around the Strait of Hormuz.
(more…)Petroleum ministry says offshore bid round marks milestone in efforts to revive exploration and reduce import dependence
Oil and Gas Development Company Limited (OGDCL) has secured eight offshore exploration blocks under the Offshore Bid Round 2025, marking a significant expansion of its exploration portfolio as Pakistan reopens its offshore frontier after nearly two decades.
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FCCP suspends Sindh High Court order directing subsidy payments to petroleum company, issues notices and seeks complete case record
The Federal Constitutional Court of Pakistan on Thursday suspended a ruling by the Sindh High Court that had directed the payment of subsidies to a private petroleum firm, while admitting the federal government’s appeal for a detailed hearing.
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