Year: 2026

ISLAMABAD: Pakistan’s energy sector recorded a key development on Wednesday as the large Q-Flex liquefied natural gas (LNG) carrier Al Kharaitiyat from Qatar is scheduled to berth at the Engro LNG terminal at Port Qasim between 8:00am and 9:00am. The vessel, carrying around 216,300 cubic metres of LNG, marks an important logistical milestone for Pakistan’s import infrastructure, which often faces draft limitations at Port Qasim and requires high-tide conditions for docking such large Q-Flex ships. A similar operation was last successfully carried out in January 2019 by the vessel Al…

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KARACHI: Pakistan is in discussions with China’s Contemporary Amperex Technology Co. Limited (CATL), the world’s largest electric vehicle battery manufacturer, over potential investment and cooperation in advanced battery technologies, Pakistan’s ambassador to Beijing has said, as Islamabad seeks to attract industrial investment under the next phase of the China-Pakistan Economic Corridor (CPEC). According to the ambassador, Pakistan is actively engaging with CATL on opportunities in lithium-ion and emerging sodium-based battery technologies, as part of broader efforts to position the country as a regional hub for manufacturing, energy storage, and industrial…

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ISLAMABAD: Pakistan is planning to increase crude oil imports from Russia as it seeks alternative energy sources amid disruptions and volatility in global supply routes, particularly the situation in the Strait of Hormuz, Pakistan’s Ambassador to Moscow Faisal Niaz Tirmizi said. Speaking to Russia’s state-run TASS news agency, the ambassador said that demand for Russian energy has increased as Pakistan reassesses its reliance on Gulf supplies due to recent supply chain uncertainties. “We produce about 10 percent of the energy resources we need ourselves, while the rest is imported mainly…

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KARACHI: The Oil and Gas Regulatory Authority (OGRA) has directed Pakistan’s oil refineries to collectively contribute Rs7.1 billion to compensate the Pakistan State Oil (PSO) under an emergency diesel pricing mechanism introduced amid rising regional tensions linked to the Iran–US conflict. According to an official communication issued by OGRA through the Petroleum Division of the Ministry of Energy, the decision follows a federal cabinet directive aimed at offsetting financial losses arising from increased import premiums and volatility in international fuel prices. The directive has been issued to major refineries, including…

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ISLAMABAD: Pakistani consumers are paying nearly Rs145 per litre in taxes and levies on petrol, according to a detailed price composition based on official data from the Oil and Gas Regulatory Authority and the Ministry of Energy. The analysis, shared by Mountain Ventures — a Dubai-based energy and market advisory firm — shows that the maximum depot price of petrol stood at Rs414.78 per litre (effective May 9, 2026), of which Rs144.26, or 34.8 percent, consists of taxes and government levies. The largest component is the Petroleum Development Levy (PDL),…

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