Day: April 15, 2025

Latest Petrol Price in Pakistan 16th April

Admin
Petrol-Diesel

ISLAMABAD: The federal government announced to keep the prices of petroleum products unchanged for the next fortnight in Pakistan. As per a notification issued here, the price of petrol has been kept unchanged at Rs254.63 per litre, effective from April 16, 2025. The price of high-speed diesel also remained unchanged at Rs258.64 per litre. The announcement follows a statement from Prime Minister (PM) Shehbaz Sharif, who said that the prices would not be reduced for the next fortnight. Instead, he said that the benefits of declining global oil prices to consumers…

Read More

OGDC Chairperson Urges Early Planning for PMIF 2026 Following Success of PMIF 2025

Admin

ISLAMABAD: Chairperson of Oil and Gas Development Company (OGDC), Zafar Masud, visited the company’s head office on Monday to commend Managing Director Ahmed Hayat Lak and the OGDC team for the successful organisation of the Pakistan Minerals Investment Forum 2025 (PMIF25), according to a press release. Masud applauded the team for hosting a world-class event that showcased Pakistan’s mineral wealth to a global audience, firmly positioning the country as a rising hub for mineral and resource investment. He emphasized the need to sustain this momentum by initiating early preparations for…

Read More

Pakistan Diverts Fourth ENI LNG Cargo Amid Reduced RLNG Power Demand

Admin
LNG

ISLAMABAD: The government has successfully diverted a fourth LNG cargo, scheduled for delivery in May 2025 from Italian energy firm ENI, to the international market, according to a senior official at the Energy Ministry. Efforts are also underway to reroute a fifth cargo due in June. This follows earlier diversions of ENI-supplied cargoes originally planned for February, March, and April. The move stems from a request by Sui Northern Gas Pipelines Limited (SNGPL), which in a January 21 letter to the federal government sought to divert 11 LNG cargoes throughout…

Read More

OGRA Raises RLNG Transmission Rates for May Amid Rising Global Costs

Admin
OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has increased the transmission rates for Regasified Liquefied Natural Gas (RLNG) for May 2025, following federal government policy guidelines. The hike reflects a rise of up to 5.44% compared to April, driven primarily by an increase in the Delivered Ex-Ship (DES) price. According to OGRA, while the RLNG transmission rate for Sui Southern Gas Company Limited (SSGCL) has risen from $10.6906 to $11.2718 per mmbtu (an increase of $0.5812), the distribution price has slightly decreased from $12.7255 to $12.5910 per mmbtu due…

Read More

OPEC Lowers Global Oil Demand Growth Forecast Amid Trade Tensions, Rising Output

Admin
New-OPEC

LONDON: The Organization of the Petroleum Exporting Countries (OPEC) has revised its global oil demand growth forecast downward for 2025 and 2026, marking the first cut since December. The adjustment reflects weaker-than-expected data from the first quarter and trade tensions driven by new US tariffs. In its monthly report released Monday, OPEC projected global oil demand to rise by 1.30 million barrels per day (bpd) in 2025 and 1.28 million bpd in 2026—both forecasts lowered by 150,000 bpd compared to last month. The report cited uncertainty from US President Donald…

Read More