Solar power users across Pakistan face a major financial setback after NEPRA introduced the new Net Billing Regulations 2026, significantly reducing earnings from selling surplus electricity to the national grid. Under the updated rules, existing solar consumers will continue receiving Rs25.32 per unit, while new users will earn only Rs8.13 per unit, reflecting a sharp […]
Pakistan energy
Oil and Gas Development Company Ltd discovers major oil and gas reserves in Kohat
ISLAMABAD: The Oil and Gas Development Company Ltd (OGDCL) announced on Tuesday the discovery of significant oil and gas reserves at its exploratory well in Kohat District, Khyber Pakhtunkhwa. Read More: Pakistan awards 23 offshore oil blocks to local and foreign consortium The discovery was made at the Baragzai X-01 (Slant) well, operated under the Nashpa […]
Pakistan receives its biggest shipment of low-sulphur marine fuel
Pakistan has received its largest-ever single shipment of very low sulphur fuel oil (VLSFO), marking a major step forward in the country’s ability to supply environmentally compliant marine fuel. The delivery was made jointly by global commodities trader Vitol and Pakistan’s largest oil refiner, Cnergyico, the company said in a statement on Monday. Read More: […]
Pakistan’s renewable future hindered by weak power grid: UN
ISLAMABAD: Pakistan’s vast potential for solar and wind energy gives it a strong foundation to move towards low-cost, carbon-free electricity, but outdated and fragile grid infrastructure poses a major challenge, according to a new United Nations report. The 2025 Review of Climate Ambition in Asia and the Pacific, released by the UN Economic and Social […]
Pakistan awards 23 offshore oil blocks to local and foreign consortiums
ISLAMABAD: In a major step toward reviving offshore energy exploration, Pakistan has awarded 23 offshore oil and gas exploration blocks to four consortiums led by local energy companies, with some partnered with foreign firms, including Turkiye’s national oil company TPAO, the Ministry of Energy announced on Friday. This marks Pakistan’s first offshore bidding round in […]