Day: November 2, 2026

Islamabad: The National Electric Power Regulatory Authority has been urged to substantially revise its proposed amendments to the Consumer Service Manual to protect electricity consumers from arbitrary grid-sharing charges and discriminatory treatment. In detailed technical objections submitted to the regulator, power sector analyst Muhammed Arif Bilvani argued that the proposed changes could impose severe financial burdens without establishing incremental infrastructure costs. The pushback focuses on structural reforms across multiple clauses, warning that the amendments as written could lead to excessively expensive industrial grid connections and the potential misuse of detection-billing…

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Karachi: A Pakistan-bound liquefied natural gas carrier, the Marshall Islands-flagged Al Mayeda, was attacked near the strategically volatile Strait of Hormuz, throwing the country’s immediate energy supply into uncertainty. The vessel was transporting an LNG shipment from Qatar to Pakistan and changed its course immediately following the strike. The incident occurred despite documented efforts by Pakistani authorities, who had reportedly secured prior safe-passage clearance from Iranian officials for the vessel’s transit through the critical maritime corridor. While Pakistani authorities have yet to issue an official announcement regarding the status of…

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Islamabad: The government’s latest structural changes to the Motor Spirit pricing mechanism are poised to inflict an estimated financial loss of Rs49 per litre on domestic refineries, threatening the future of critical multi-billion dollar upgradation projects. According to a formal communication sent to the government by Attock Refinery Limited Chief Executive Officer Adil Khattak, the adverse financial impact stems from two main policy changes. The decision to incorporate pre-war premiums and incidentals into the petrol pricing framework will cost local refineries approximately Rs35 per litre, while an additional diversion of…

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Lahore: Federal Minister for Petroleum Ali Pervaiz Malik announced that Pakistan has successfully navigated severe energy challenges stemming from a six-month disruption around the Strait of Hormuz. Speaking to reporters at the 29th convocation of the University of Management and Technology in Lahore, the minister highlighted that the government successfully protected domestic economic stability against soaring international oil and gas prices. Rather than employing unsustainable broad-based relief, Pakistan is providing subsidized petrol at pre-crisis rates to over 12 million deserving individuals through a targeted relief program. This strategic shift has…

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Islamabad: Government has decided to completely deregulate the Liquefied Petroleum Gas pricing regime, replacing the existing Oil and Gas Regulatory Authority notified maximum price mechanism with an import parity pricing model. Under the proposed guidelines submitted to the Cabinet for final approval, OGRA will stop issuing monthly price notifications for both locally produced and imported LPG with effect from November 1, 2026. Instead, state-owned entities—including Pakistan State Oil, SSGC LPG Limited, PARCO Pearl Gas Limited, and Pakistan LNG Limited—will lead the transition by importing LPG in bulk and announcing a…

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