Pakistan’s annual petroleum import bill has surpassed the estimate made by the International Monetary Fund (IMF) as a sharp increase in global oil prices, driven by tensions in the Middle East, raised the country’s energy import costs. Read More: Pakistan’s oil imports reach $10.71 billion as refinery output expands According to official documents, Pakistan’s oil import […]
petroleum prices
Pakistan Government Increases Petroleum Prices for Three Days
The government has announced an increase in Pakistan Petroleum Prices, with the revised rates taking effect for a three-day period. According to the Petroleum Division, the price hike reflects the recent increase in global crude oil prices amid rising regional tensions. Under the latest notification, the price of high-speed diesel has been increased by Rs. […]
Pakistan plans market-based petroleum pricing reforms
The federal government has signaled a major shift in Pakistan’s petroleum pricing mechanism by gradually reducing its role in setting fuel prices and moving towards a market-based system. The proposed reforms are aimed at making the pricing process more transparent while improving the country’s refining sector. Read More: Minister defends mechanism for fuel pricing, says no […]
Govt considers windfall tax on massive oil sector profits
The federal government is reviewing plans to impose a 20% windfall gain tax on oil companies after petroleum firms reportedly earned massive profits during the recent Gulf conflict. Officials said the proposal aims to recover excess gains generated after fuel prices surged sharply following instability in international energy markets. Authorities are also considering alternative measures […]
IMF sets 11 new conditions for Pakistan economic reforms
The International Monetary Fund (IMF) has imposed 11 new conditions on Pakistan as part of its ongoing economic reform programme, including further increases in petroleum, gas and electricity prices, according to official reports. The new requirements also include structural reforms aimed at improving fiscal discipline, strengthening tax collection, and enhancing transparency in key government institutions. […]
Not all motorcyclists eligible for fuel subsidy, says finance advisor
Islamabad – Pakistan’s finance advisor Khurram Shehzad has clarified that not all motorcyclists will eligible for the government’s newly announced fuel subsidy. The statement comes as authorities roll out targeted support to help low-income groups cope with rising petroleum prices. Read More: Petrol hike: targeted subsidy announced for motorcyclists and other groups Speaking to the media, Shehzad said that […]
Govt decides to keep petroleum prices unchanged
The federal government has decided to keep petroleum prices unchanged in Pakistan, as global oil prices dropped by more than 6% amid hopes of de-escalation in the Iran conflict. Oil prices fell sharply while global stocks rose on Wednesday following reports that Washington had conveyed a peace proposal to Iran through Pakistan. Tehran also indicated […]
Pakistan fuel stocks limited to crude oil for 11, diesel for 21 days, petrol for27, LPG 9,JP-1 for14 days
ISLAMABAD — Pakistan currently holds limited petroleum reserves, with most fuel stocks sufficient for only a few weeks, the Senate Standing Committee on Petroleum was informed during a briefing by Petroleum Secretary Mirza Nasir-ud-Din Ahmad. According to the secretary, the country’s crude oil reserves are sufficient for approximately 11 days, while diesel stocks can last […]
Pakistan may face LNG shortage after April 14
ISLAMABAD — Pakistan may run out of liquefied natural gas (LNG) after April 14 due to supply disruptions linked to escalating tensions in the Middle East, officials informed the Senate Standing Committee on Petroleum on Monday. Read More: Pakistan won’t receive LNG from Qatar amid war The meeting, chaired by Senator Manzoor Ahmed, was told that LNG imports […]
Govt holds fuel prices steady despite global oil surge
ISLAMABAD — Prime Minister Shehbaz Sharif announced on Friday that the government has decided not to increase petroleum product prices despite a sharp rise in global oil rates, saying the move is aimed at easing the financial burden on citizens. وزیرِ اعظم محمد شہباز شریف کا عالمی منڈی میں تیل کی مزید قیمتیں بڑھنے کے […]