The United States (US) has announced fresh sanctions targeting Iran’s oil industry, intensifying economic pressure as tensions in the Middle East continue to rise, the Treasury Department said on Wednesday. Read More: US hits Iran with new oil and shipping sanctions According to the announcement, the new measures target more than two dozen individuals, companies, and vessels linked to a major […]
energy crisis
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 […]
Vance visits Hungary ahead of key election amid Iran conflict
US Vice President JD Vance arrived in Budapest on Tuesday for a two-day visit aimed at supporting Hungary Prime Minister Viktor Orban ahead of the country’s April 12 parliamentary elections, as tensions continue to rise in the ongoing US-Israeli war against Iran. Read More: Massive reshuffle in Foreign Office in the offing Vance, accompanied by […]
PM Shehbaz urges provinces to release funds for fuel subsidies
Shehbaz Sharif has called on all provincial governments to release their allocated funds for fuel subsidies, aiming to support motorcyclists, public transport, and goods vehicles amid Pakistan’s severe energy crisis. Read More: PM Shehbaz launches digital fuel relief for transport sector The federal government recently announced targeted relief measures, replacing blanket fuel subsidies with assistance for specific economic groups. […]
US intelligence assessments suggest Iran unlikely to reopen Hormuz strait soon
WASHINGTON: Recent US intelligence assessments suggest that Iran is unlikely to reopen the Strait of Hormuz in the near future, as it continues to use its strategic position over the vital waterway as leverage against the United States. Read More: US to leave Iran ‘pretty quickly’ and return if needed: Trump According to sources familiar with the reports, […]
Pakistan’s fuel prices increase compared to March 2022
Islamabad – Pakistan’s fuel prices have seen a significant increase compared to March 2022, reflecting both global market volatility and domestic taxation policies. On April 3, 2026, petrol is priced at Rs 458.49 per litre and high-speed diesel at Rs 520.35 per litre, marking a dramatic rise from the rates observed four years ago. Read […]
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 […]
Pakistan raises petrol to Rs458.41 and diesel to Rs520.35 amid global crisis
Pakistan government has announced a steep increase in fuel prices, raising petrol to Rs458.41 per litre and high-speed diesel to Rs520.35 per litre amid a worsening global energy crisis. The move was confirmed by Petroleum Minister Ali Pervaiz Malik and Finance Minister Muhammad Aurangzeb during a joint press conference. Read More: The government has announced […]
The government has announced a significant increase in petroleum prices
The government has announced a significant increase in petroleum prices, marking the largest hike in the country’s history. In a joint press conference, Petroleum Minister Ali Pervaiz Malik and Finance Minister Muhammad Aurangzeb confirmed that petrol prices have been raised by Rs137.24 per litre, bringing the new price to Rs458.41 per litre. Similarly, diesel prices […]
PM Shehbaz Chairs High-Level Meeting on Energy Crisis
Prime Minister Shehbaz Sharif on Thursday chaired a high-level meeting in Islamabad to assess the risk of an energy crisis in light of escalating regional tensions. The meeting brought together top civil and military leadership, including Chief of Defence Forces Field Marshal Asim Munir, senior federal ministers, and chief ministers from all provinces. Participants were […]