Author: Admin

ISLAMABAD: Despite the announcement of a fragile ceasefire involving Iran, the United States, and Israel, global oil and gas prices are expected to remain elevated for months, according to analysts. The conflict severely disrupted energy flows after Iran restricted passage through the Strait of Hormuz—a critical route that handles nearly 20% of global oil and gas exports. The move, along with attacks on regional energy infrastructure, triggered sharp price increases and supply shortages affecting multiple sectors, including fertilisers and industrial gases like helium. Experts say the resumption of normal trade…

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ISLAMABAD: Pakistan Petroleum Limited (PPL) has announced the extension of the tenure of its Managing Director and Chief Executive Officer, Mohammad Khalid Rehman, ensuring continuity in leadership until a permanent appointment is made. Mr. Rehman was initially appointed as MD & CEO on January 10, 2026. The decision to extend his tenure was approved by the company’s Board of Directors, reflecting confidence in his leadership during a critical phase for the organization. A seasoned professional, Mohammad Khalid Rehman brings over 30 years of both international and domestic experience. He joined…

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PESHAWAR: The appointment of a Project Director for Khyber Pakhtunkhwa’s Rs40 billion solarisation initiative has sparked controversy after the position was changed for the third time within a month, raising concerns over transparency and governance. According to sources, the latest appointment has allegedly been made in violation of prescribed rules. The criteria for the post require a minimum of 12 years of experience in the solar energy sector; however, the newly appointed officer reportedly does not meet this key requirement, prompting unease within official and technical circles. Earlier, Engineer Pir…

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ISLAMABAD: The government has launched a nationwide crackdown to ensure the supply of liquefied petroleum gas (LPG) at officially notified prices, following directives from Prime Minister Shehbaz Sharif. Acting on these instructions, the Oil and Gas Regulatory Authority (OGRA) has issued notices to all LPG marketing companies, mandating the provision of invoices for every delivery vehicle and the clear declaration of prices on gate passes. Officials warned that failure to disclose prices could result in strict penalties, including the cancellation of licences, as part of efforts to curb overcharging and…

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KARACHI: Petroleum dealers have issued a strong warning of a countrywide shutdown of fuel stations, demanding an immediate increase in sales commissions amid rising operational costs. President of the Pakistan Petroleum Dealers Association (Sindh Region), Haji Ameer Khan Mehsud, said the current margin structure has become unsustainable, urging the government to revise commissions to 8% of the invoice price. He noted that the demand had earlier been jointly raised by PPDA Chairman Abdul Sami Khan and All Pakistan Petrol Pump Owners Association Chairman Humayun Khan, and is now being echoed…

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