Day: August 8, 2026

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Petrol-Diesel

# Govt to Gradually Restore Petroleum Levy to Rs80 per Litre **ISLAMABAD:** The government is set to gradually restore the **petroleum levy (PL) on petrol and diesel to the budgeted rate of Rs80 per litre**, arguing that maintaining the temporary reduction despite easing international oil prices could create a significant revenue shortfall, widen the fiscal deficit and undermine fiscal stability. The development was confirmed by **Adviser to the Finance Minister Khurram Schehzad** on Friday. In a statement posted on X, Schehzad said the petroleum levy on diesel remained lower than…

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Govt Declares Pab Reservoir in Rehman-8 ST-3 Well as Tight Gas

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New-Project285

# Govt Declares Pab Reservoir in Rehman-8 ST-3 Well as Tight Gas **ISLAMABAD:** The federal government has approved the declaration of the **Pab reservoir in the Rehman-8 ST-3 well as a Tight Gas Reservoir**, in accordance with Clause 4 of the Tight Gas (Exploration & Production) Policy, 2011. The decision was taken by the **Economic Coordination Committee (ECC) of the Cabinet** on the recommendation of the Petroleum Division, following a detailed technical and regulatory review of the reservoir. The Petroleum Division told the ECC that increasing indigenous gas production through…

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Strong Domestic and Foreign Investor Interest in FESCO Privatisation

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Power-bill

# Strong Domestic and Foreign Investor Interest in FESCO Privatisation *ISLAMABAD:* The Privatisation Commission (PC) has received a strong response from both domestic and international investors for the proposed privatisation of the *Faisalabad Electric Supply Company (FESCO), with 12 prospective investors submitting expressions of interest (EOIs) for acquiring a **51 per cent to 100 per cent stake along with management control*. According to the Privatisation Commission, the EOIs include submissions from *three Turkish investors, one Chinese investor and eight Pakistani business groups*, reflecting growing interest in Pakistan’s electricity distribution sector.…

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Power Consumers to Pay 75 Paisa per Unit FCA in August Bills

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Your-Bill

# Power Consumers to Pay 75 Paisa per Unit FCA in August Bills **ISLAMABAD:** Electricity consumers across Pakistan will face an additional burden of around **Rs9.8 billion** in their August bills following the National Electric Power Regulatory Authority’s (Nepra) approval of a **fuel cost adjustment (FCA) of Rs0.75 per unit** for electricity consumed in June 2026. Nepra notified a positive FCA of **Rs0.7503 per kilowatt-hour (kWh)** for June, which will be reflected in the August 2026 billing cycle. The adjustment will apply to consumers of K-Electric (KE) and power distribution…

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