United Nations Secretary-General Antonio Guterres on Tuesday warned that the escalating conflict in the Middle East has triggered what he called the “mother of all energy shocks.” He said the crisis threatens global economic stability and could have severe consequences for vulnerable nations. The warning is significant because rising energy costs can quickly affect inflation, […]
Energy prices
LPG prices rise for June
Consumers across Pakistan will face higher cooking fuel costs this month after the country’s oil and gas regulator approved an increase in liquefied petroleum gas (LPG) prices for June. Read More: OGRA notifies 35% increase in LPG rates for April According to a notification issued by the Oil and Gas Regulatory Authority, the price of LPG […]
UK relaxes some sanctions on Russian fuel imports
British Prime Minister Keir Starmer has defended his government’s decision to ease certain sanctions on Russian jet fuel and diesel imports, saying the move is necessary to protect consumers as global energy prices surge amid conflict in the Middle East. Read More: Russian economy hit by series of sanctions The UK government issued a trade licence allowing […]
Nepra reviews major electricity relief for nationwide consumers
National Electric Power Regulatory Authority has reserved its verdict on a proposal seeking a reduction of Rs1.93 per unit in electricity prices under quarterly adjustment charges. The hearing was conducted under the chairmanship of Nepra Chairman Waseem Mukhtar and focused on electricity tariff revisions for the January to March period. The proposed relief is expected […]
High business costs erode Pakistan regional competitiveness
The costs of doing business in Pakistan is around 34 per cent higher than in comparable regional economies, creating a serious competitiveness challenge for local industry, the Pakistan Business Forum (PBF) said on Thursday. Read More: Pakistan’s weak tax system costs Rs3.4tr: IMF In a statement, the forum warned that elevated operating costs had significantly weakened the ability […]
OGRA cuts LNG import prices for January
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced a reduction in imported liquefied natural gas (LNG) prices for January, issuing a fresh notification that provides limited relief to consumers and industries dependent on the fuel. Read More: OGRA raises LNG prices for august According to the notification, imported LNG prices for January have been lowered by […]
Bahrain announces phased gas price hikes from 2026
The Bahrain government has announced a series of updates to natural gas and vehicle fuel price, aimed at aligning domestic energy costs with global market trends while promoting efficiency and sustainability. According to an official statement, natural gas prices for companies and industrial facilities will be gradually increased beginning January 2026. The decision follows a […]
Pakistan’s short-term inflation rises 3.75% amid food price surge
ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), rises 3.75 per cent year-on-year in the week ending December 18, driven by higher retail prices of edible oil, meat, and other essential commodities. The SPI has shown an upward trend for 20 consecutive weeks, mainly due to surges in perishable goods, chicken, pulses, LPG […]
SNGPL announces revised winter gas schedule for Punjab and KP
ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has issued a revised winter gas schedule for households in Punjab and Khyber Pakhtunkhwa, setting three daily supply windows from December through February. According to company officials, gas will be available from 5:30 am to 8:30 am, 11:30 am to 1:30 pm, and 5:30 pm to 8:30 pm, […]
SPI-based inflation rises 4.32%
ISLAMABAD – Short-term inflation, measured by the Sensitive Price Index (SPI), rose 4.32 per cent year-on-year in the week ending November 27, driven by higher prices of edible oil, perishable food items, and energy products, official data showed on Friday. This marks the 17th consecutive week of upward movement in SPI-based inflation. Read More: Rising prices […]