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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Pakistan’s Oil Giants Participate in Silk Route Expo in China
Islamabad, September 21, 2024 – Pakistan’s leading oil and gas companies are actively participating in the 8th Silk Route Expo in Xian, China, exploring significant investment opportunities with Chinese firms. This participation highlights Pakistan’s intent to strengthen energy sector collaborations and finalize joint ventures with China in critical areas such as oil and gas exploration, refinery upgrades, and coal conversion technologies.
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