The government has formed a high-level committee to develop a weekly petroleum pricing formula. The move aims to pass global oil price reductions to consumers more quickly. The decision could affect millions of Pakistanis through changes in fuel costs and transportation expenses. Petroleum Minister Ali Pervaiz Malik announced the development in an official statement. He […]
Ali Pervaiz Malik
Petrol prices may drop soon: minister
Petroleum Minister Ali Pervaiz Malik has indicated that relief in petroleum product prices may soon be announced, signaling possible reductions for consumers. His remarks come amid a decline in global crude oil prices and easing tensions in international energy markets. Speaking to local media, the minister said the public had already faced financial pressure due […]
Pakistan seeks additional gas supplies amid LNG challenges
Pakistan is working to secure additional gas supplies to strengthen its energy reserves and ensure uninterrupted fuel availability amid regional shipping disruptions, Petroleum Minister Ali Pervaiz Malik said on Thursday. The minister made the remarks during a meeting with Qatar’s Ambassador to Pakistan, Ali bin Mubarak Al-Khater, at the Petroleum Division in Islamabad, according to […]
Kuwait explores strategic oil storage plan with Pakistan
Kuwait has agreed with Pakistan to explore the development of strategic petroleum storage facilities, aiming to strengthen long-term energy cooperation between the two countries. The understanding emerged during a high-level meeting focused on expanding collaboration in refining, fuel supply security, and broader energy sector investment opportunities. The discussion took place between Ali Pervaiz Malik and […]
Attock refinery resumes operations after transport restored
Operations at the Attock Refinery Limited have returned to normal after transport routes for crude oil and petroleum products were restored, ending a brief shutdown caused by road closures. Read More: Petroleum Minister reaffirms support for refining sector The refinery confirmed that the movement of oil tank lorries to and from the facility resumed late Tuesday night with […]
Oil Companies warn diesel pricing issues may disrupt supply chain
The Oil Companies Advisory Council (Oil Companies Advisory Council) has raised serious concerns over recent changes in the pricing formula for high-speed diesel and delays in payments, warning that these issues could threaten the country’s fuel supply system. Read More: Pakistan OMCs set for windfall gains as ME tensions drive fuel price surge In a detailed […]
No raise in gas tariff for next six months
Federal Minister for Petroleum Ali Pervaiz Malik on Tuesday announced that the government has decided to maintain the gas tariff for the next six months. The decision is made in line with the direction of Prime Minister Shehbaz Sharif to provide relief to consumers, the minister said while chairing a briefing. The Oil and Gas […]
Petroleum minister reviews winter load management
Federal Minister for Petroleum Ali Pervaiz Malik chaired a meeting to review the gas supply situation, winter load management, and consumer complaint redressal across the country. The meeting was briefed by Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) on gas supply arrangements for the ongoing winter season, said a press […]
Govt increases domestic gas supply to KP, NA told
Minister for Energy (Petroleum Division) Ali Pervaiz Malik on Monday apprised the National Assembly that that domestic gas supplies in current winter are significantly higher than last year adding that complaints are being addressed on a priority basis. Responding to a calling attention notice raised by Ms Naeema Kishwer Khan, Mr Noor Alam Khan and […]
Government to sell excess gas in international markets from January 1
Petroleum Minister Ali Pervaiz Malik said on Sunday that Pakistan would begin selling excess liquefied natural gas (LNG) in international markets from January 1. Malik’s statement during a press conference in Lahore came months after it was reported that Pakistan was exploring ways to sell excess LNG cargoes amid a gas supply glut that could […]