Petroleum Minister Ali Pervaiz Malik met Kuwait Foreign Petroleum Exploration Company Vice President Tariq Ibrahim on Tuesday to discuss expanding energy cooperation. The meeting focused on strengthening investment and collaboration in Pakistan’s oil and gas sector. According to state broadcaster PTV, both sides reviewed opportunities to deepen cooperation between Pakistan and KUFPEC. The discussions particularly […]
Ali Pervaiz Malik
Petroleum minister consults industry on fuel pricing
Petroleum Minister Ali Pervaiz Malik on Saturday held consultations with industry stakeholders on the government’s proposed daily petroleum pricing mechanism. The reform aims to deregulate the fuel sector, improve transparency, and make retail prices more responsive to market conditions. Officials said the new system is part of a broader shift toward a market-based pricing regime. […]
Committee proposes transparent fuel pricing reforms
A high-level government committee on Monday proposed major reforms to Pakistan’s petroleum pricing mechanism to improve transparency, market stability, and energy security. The recommendations come as uncertainty in global oil markets increases following renewed disruption around the Strait of Hormuz. The proposed measures aim to make fuel pricing more transparent while strengthening public confidence in […]
Pakistan forced to rely on expensive spot market imports of LNG
Pakistan has been forced to rely on expensive spot market imports of liquefied natural gas (LNG) after QatarEnergy extended the force majeure imposed following the attack on its Ras Laffan LNG production complex. The extension is expected to increase Pakistan’s energy import costs and place additional pressure on the country’s fuel supply. Read More: Pakistan buys spot […]
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 […]
Petrol relief linked to global prices: Minister
Petroleum Minister Ali Pervaiz Malik said the government would pass on any benefit to consumers if international petrol prices decline further. He said imported petrol remains significantly more expensive despite lower global crude oil prices. The remarks came amid public concerns over domestic fuel prices. Speaking to reporters at Parliament House, the minister said crude […]
Chinese firm eyes Pakistan energy investment
A Chinese company has proposed major investments across Pakistan’s oil, refinery, offshore, and energy manufacturing sectors. The proposal matters because it could strengthen energy security, increase domestic production, and attract foreign investment. Pakistan’s energy industry, investors, and consumers could benefit if the projects move forward. During a meeting with Petroleum Minister Ali Pervaiz Malik, Shandong […]
Pakistan mulling over purchase of cheaper oil, gas from Iran, say ministers
Petroleum Minister Ali Pervaiz Malik on Sunday said that Pakistan was “considering” purchasing cheaper Iranian oil and gas. The option of sourcing Iranian crude oil supplies has again become available to Pakistan after a temporary easing of US sanctions on Tehran. By availing this opportunity, Pakistan could source discounted crude and refine it locally to […]
Government to review fuel price indicators
Petroleum Minister Ali Pervaiz Malik said the government will review international oil price indicators this week before deciding petrol and diesel prices. The assessment will determine whether further relief can be passed on to consumers. The review comes as global fuel markets continue to fluctuate. Malik said the government is not giving preference to any […]
Government forms fuel pricing committee
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 […]