Islamabad, September 11, 2025 – Federal Minister for Petroleum Ali Pervaiz Malik has welcomed Chevron’s $30 million investment in Pakistan oil sector, describing it as a milestone that highlights international confidence in the country’s energy market.
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Petroleum sales drop 22% in July 2025 due to heavy rains
Karachi, August 2, 2025 – Petroleum sales in Pakistan saw a sharp drop of 22% in July 2025 compared to the previous month, mainly due to heavy monsoon rains and rising fuel prices.
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Pakistan assures ample petroleum reserves amid regional tensions
Islamabad, June 23, 2025 – Amid rising regional tensions following the Iran-Israel conflict, the Government of Pakistan has assured the public that the country possesses ample reserves of petroleum products and there is no threat of shortage.
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Pakistan confirms adequate petroleum stocks amid ME tensions
Islamabad, June 16, 2025 – Pakistan has confirmed that it currently possesses sufficient stocks of petroleum products and faces no immediate risk of supply disruption, despite escalating geopolitical tensions in the Middle East (ME).
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Pakistan set to impose carbon levy in budget 2025-26
Islamabad, May 18, 2025 — In a significant policy shift toward environmental sustainability, Pakistan is poised to impose a carbon levy in the upcoming federal budget for fiscal year 2025-26.
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FBR urged to reinstate sales tax on petroleum products in budget
Karachi, May 18, 2025 – The Federal Board of Revenue (FBR) has been strongly urged to reinstate the sales tax on petroleum products in the upcoming 2025-26 federal budget, as per detailed tax proposals submitted by the Overseas Investors Chamber of Commerce and Industry (OICCI).
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Petroleum Levy Collection Surges to Rs 549 Billion in 1HFY25
Karachi, February 9, 2025 – The collection of petroleum levy has witnessed a substantial increase, reaching Rs 549 billion during the first half (July – December) of the current fiscal year, according to data released by the Ministry of Finance.
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Pakistan increases petrol and diesel prices for 1st half of February
Islamabad, January 31, 2025 – The government of Pakistan has announced an increase in the prices of petrol and high-speed diesel (HSD) for the first half of February 2025.
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Pakistan Imports Petroleum Products Worth $5.11B in 4MFY25
Karachi, November 20, 2024 – Pakistan imported petroleum products worth $5.11 billion during the first four months (July–October) of the current fiscal year 2024-25, according to data released by the Pakistan Bureau of Statistics (PBS).
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Pakistan’s Petroleum Sales Surge by 18% in October 2024
Karachi, November 2, 2024 – Pakistan’s petroleum sales experienced a robust 18% Year-on-Year (YoY) increase in October 2024, totaling 1.49 million tons—the highest monthly sales figure since November 2022, according to a report from analysts at Arif Habib Limited.
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