Fuel prices have risen in more than 85 countries worldwide following escalating tensions involving Iran, triggering widespread increases due to disruptions in global oil supply. Read More: Oil prices surge as Iran attacks energy sites According to reports, the surge in prices has been observed across Asia, Europe, Africa, and North America, as uncertainty surrounding oil shipments intensified. A key factor […]
energy crisis
Trump is okay with Russian oil delivery to Cuba amid crisis
ABOARD AIR FORCE ONE – U.S. President Donald Trump on Sunday night stated he has “no problem” with a Russian oil tanker delivering fuel to Cuba, as the island faces severe shortages caused by a U.S.-imposed oil blockade. Read More: Russia vows support for Cuba after Trump threat “We have a tanker out there. We don’t mind having somebody get […]
Kerosene price raised as petrol, diesel stay unchanged
KARACHI – The federal government has increased the price of kerosene oil by Rs4.66 per litre, taking it to Rs433.40 per litre, effective March 28, according to a notification issued by the Petroleum Division. Read More: Pakistan raises fuel prices sharply as Middle East war shakes oil Despite rising global oil prices, the government decided to keep […]
Oil prices slip as Trump signals progress in Iran talks
Global oil prices edged lower in early trading on Friday, capping a volatile week as optimism over potential de-escalation in the Iran conflict weighed on markets. Prices retreated after US President Donald Trump said negotiations with Tehran were progressing “very well” and announced a temporary pause in attacks on Iran’s energy infrastructure. Read More: Oil […]
UoG mulls online conduct of mid-term exams
GUJRAT — The urgent need for cost-cutting measures and conserving energy resources in the wake of the escalating Midd East conflict, and its ripple effects on the economy, the University of Gujrat (UoG) mulls online conduct of mid-term exams. Read More: University of Gujrat ranked among top ten universities in Pakistan A meeting at Hafiz […]
South Korea plans $17bn budget to counter oil price surge
SEOUL — South Korea has announced plans to introduce a $17 billion supplementary budget aimed at cushioning the economic impact of rising energy prices driven by the Middle East conflict. UPDATE: South Korea to set out $17bn ‘wartime’ supplementary budget 🔴 LIVE updates: https://t.co/j5zDjucvo7 pic.twitter.com/Oafq0M642E — Al Jazeera Breaking News (@AJENews) March 26, 2026 The […]
Petrol pump owners warn of nationwide shutdown over unresolved issues
ISLAMABAD — The All Pakistan Petrol Pump Owners Association has warned of a nationwide shutdown of petrol pumps if its concerns are not addressed, urging an immediate meeting with Federal Minister for Petroleum Ali Pervez Malik. Read More: Petrol pump owners announce indefinite strike In a letter to the minister, APPPOA Vice Chairman Nouman Ali […]
Oil prices dropped as markets react to peace signals
Global markets rallied on Wednesday as oil prices dropped sharply following signs of possible de-escalation in the Middle East conflict, with investors responding to reports of a US peace proposal to Iran. Read More: Oil eases as inflation fears rattle global markets Both major crude benchmarks fell more than six percent, with Brent crude slipping below […]
Pakistan accelerates Hesco and Sepco privatization amid IMF pressure
ISLAMABAD — The federal government has accelerated the privatization process of Hyderabad Electric Supply Company (Hesco) and Sukkur Electric Power Company (SEPCO) following pressure from the International Monetary Fund (IMF) to ensure timely completion, sources said. Read More: Govt launches privatisation process for five DISCOs under IMF reforms Authorities have directed financial advisers appointed for both power distribution companies […]
Punjab plans school, market adjustments to tackle energy crisis
LAHORE — The Punjab government is considering a range of measures, including extended school holidays and reduced market hours, to address an emerging energy crisis caused by global fuel supply disruptions amid ongoing tensions in the Middle East. Read More: Petroleum Crisis: Maryam Nawaz Orders Fuel Cuts, Work From Home According to sources cited by Geo […]