ISLAMABAD: Pakistan has ensured uninterrupted petroleum supplies until April 25, with refineries operating at 80% to 100% capacity and imports from multiple sources reinforcing domestic reserves, officials said on Thursday. Read More: Govt decides to keep petroleum prices unchanged Authorities from the Petroleum Division Pakistan confirmed that the country is currently facing no shortage of petroleum products. […]
energy security
IMF urges Pakistan to revise oil prices amid Middle East crisis
ISLAMABAD: The International Monetary Fund (IMF) has shared the Memorandum of Economic and Financial Policies (MEFP) with Pakistan authorities after finalizing key outlines of the 2026–27 budget, while urging more frequent adjustments to oil prices to reflect global market fluctuations. Read More: Govt plans Rs 5 fuel levy hike ahead of IMF deal Pakistan and the IMF have exchanged […]
Government backs balanced solar adoption, says minister
Islamabad: Federal Minister for Power Division Awais Ahmad Khan Leghari has reaffirmed the government support for solar energy while emphasizing the need for a fair approach that does not burden non-solar consumers. Read More: Pakistan rapidly advancing towards clean energy: minister In a statement on Saturday, the minister dismissed claims that the government opposes solar power […]
Pakistan’s fuel supply position remains satisfactory: Aurangzeb
Islamabad — Federal Finance Minister Mohammad Aurangzeb has said that Pakistan’s fuel supply position remains satisfactory, even as concerns grow over the impending shortage of liquefied natural gas (LNG). Read More: Govt monitors fuel, explores conservation measures The statement came during a meeting of the Cabinet Committee on Petroleum Products, chaired by the finance minister, where […]
ASEAN ministers call immediate halt to Middle East war crisis
Foreign and economic ministers of the Association of Southeast Asian Nations (ASEAN) urged an immediate stop to the ongoing Middle East war, warning that surging oil prices and disrupted trade are already affecting Southeast Asia’s economies. The bloc emphasized the importance of regional stability and called on all parties to exercise maximum restraint to prevent […]
Petroleum stocks at comfortable levels amid regional tensions
A high-level committee set up to monitor fuel prices and supply in the wake of escalating tensions in the Middle East was informed on Monday that Pakistan’s petroleum stocks remain at “comfortable levels”. Read More: PM Shehbaz forms 19-member body to stabilize fuel market According to the Ministry of Finance, the committee was constituted a […]
Pakistan treads cautiously on US critical minerals price plan
The United States (US) has unveiled a proposal to establish price floors for critical minerals and create a preferential trading arrangement among participating countries, an initiative that Pakistan is approaching cautiously as it seeks to balance relations with both Washington and Beijing. Read More: Pakistan, US kick off 13th counter-terror drill US Vice President J.D. Vance outlined […]
Kohat strike: Massive oil and gas reserves found
The Oil & Gas Development Company Limited (OGDCL) announced a major oil and gas discovery in Kohat. The new Baragzai X-1 well will produce 3,100 barrels of crude oil and 81,500 million cubic feet of gas daily. Officials say this marks OGDCL’s third significant discovery in the Naspha block within a month. The spokesperson highlighted […]
US aims to control Venezuelan oil sales to influence country’s economy
WASHINGTON: Top US officials said on Wednesday that Washington plans to control Venezuela’s oil sales and revenues indefinitely to stabilise the country’s economy, rebuild its oil sector, and ensure its actions align with US interests. The comments come after US forces abducted Venezuelan President Nicolas Maduro in a raid on Caracas, highlighting oil’s central role […]
New oil, gas find in Kohat signals boost to Pakistan’s energy security
In a major breakthrough for Pakistan’s energy sector, significant oil and gas reserves have been discovered in Kohat district of Khyber Pakhtunkhwa, raising hopes for improved domestic energy production and reduced reliance on costly imports, the local correspondent of APP reported this from Kohat on Sunday. According to initial estimates, the exploratory well is expected […]