Jamaat-e-Islami (JI) chief, Hafiz Naeem ur Rehman, on Saturday said that the petroleum prices should be slashed by Rs 122, “what the levy has to do with the layman”. In a statement JI chief said that 3,000 billion have been collected from the poor people. “I have asked the prime minister to shed the burden […]
Petroleum
Petroleum imports up by 1.63% to $13.5 billion in 10 months
The imports of the overall petroleum group witnessed an increase of 1.63 percent during the first ten months of the current fiscal year (2025-26) as compared to the corresponding months of the last year, the Pakistan Bureau of Statistics (PBS) reported. The total imports of the petroleum group during July-April (2025-26) stood at $13,517.296 million […]
Senate body reviews petroleum stocks, gas supply issues
The Senate Standing Committee on Petroleum on Monday deliberated on matters relating to the national stock position of petroleum products, gas supply to producing areas, PMDC Board of Governors’ selection criteria, LPG pricing concerns, and the suspension of CNG supply in Khyber Pakhtunkhwa. The committee received a detailed briefing on the current stocks and import […]
‘Petroleum product stocks at comfortable levels’
A meeting of the Committee to Monitor Petrol Prices was held virtually today under the chairmanship of the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, as part of the Committee’s ongoing daily review of developments in the energy sector amid continued regional tensions. The Committee undertook a comprehensive review of petroleum product stock […]
Punjab CM meets finmin, petroleum minister to review fuel supply
Punjab Chief Minister Maryam Nawaz Sharif met Federal Finance Minister Muhammad Aurangzeb and Federal Minister for Petroleum Ali Pervaiz Malik to review the situation arising from the ongoing war and its possible impact on petroleum supplies. During the meeting, the participants reviewed the supply, demand and available reserves of petroleum products in Punjab. They also […]
Petroleum minister, Swedish envoy discuss bilateral cooperation
Federal Minister for Petroleum, Ali Pervaiz Malik, held a meeting with Alexandra Berg von Linde, Ambassador of Sweden to Pakistan, to discuss ongoing bilateral cooperation and explore new avenues of partnership, particularly in the mining and energy sectors. During the meeting, both sides acknowledged the long-standing relationship between Pakistan and Sweden and emphasised the importance […]
Petrol prices may drop again from January 16
Petrol and other petroleum product prices in Pakistan are expected to decline for the fourth consecutive fortnight from January 16, according to local media reports citing official sources on Tuesday. Read More: Petrol price slashed by Rs 10.28, diesel by Rs 8.57 for next fortnight Preliminary calculations indicate that petrol prices may be reduced by […]
Cabinet blocks fuel margins hike pending full digitisation
ISLAMABAD: The federal cabinet on Wednesday reportedly halted an hike in profit margins for petroleum dealers and oil marketing companies (OMCs) that had been approved by the Economic Coordination Committee (ECC) last month. Officials said the decision linked the ECC-sanctioned Rs2.56 per litre increase to the complete digitisation of the petroleum supply chain. Read More: […]
No raise in gas tariff for next six months
Federal Minister for Petroleum Ali Pervaiz Malik on Tuesday announced that the government has decided to maintain the gas tariff for the next six months. The decision is made in line with the direction of Prime Minister Shehbaz Sharif to provide relief to consumers, the minister said while chairing a briefing. The Oil and Gas […]
Petroleum minister reviews winter load management
Federal Minister for Petroleum Ali Pervaiz Malik chaired a meeting to review the gas supply situation, winter load management, and consumer complaint redressal across the country. The meeting was briefed by Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) on gas supply arrangements for the ongoing winter season, said a press […]