Author: Admin

Petroleum Dealers’ Commission Issue to Be Resolved After Stability Returns: Minister

Admin
Ali-Pervaiz

KARACHI: Federal Minister for Petroleum and Natural Resources Ali Pervaiz Malik has assured that the long-pending issue of petroleum dealers’ commission will be addressed on a priority basis once the prevailing war-like situation stabilises. The assurance came during a meeting in Islamabad with a delegation of the Pakistan Petroleum Dealers Association, led by Chairman Abdul Sami Khan, along with senior members of the association. The minister acknowledged the challenges faced by petroleum dealers amid ongoing regional tensions, stating that the government is actively working with stakeholders to manage the crisis…

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Electricity Consumption Rises 3.5% as Surplus Power Package Boosts Industrial Demand

Admin
Power Division

ISLAMABAD: Pakistan’s electricity consumption increased by 3.5% during December 2025 to February 2026, driven largely by higher industrial usage under the government’s surplus power initiative, according to the Power Division. Officials stated that the Surplus Power Package has significantly boosted demand from industrial and agricultural sectors, which together consumed an additional 2,164 gigawatt hours (GWh) of electricity over the three-month period. This accounts for 23% of total electricity supplied to these sectors, reflecting strong uptake of the initiative. Launched in December 2025 under a special initiative of Prime Minister Shehbaz…

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Petroleum Levy Cut on Petrol May Force Revision of Revenue Target

Admin
petrol-price

ISLAMABAD: The government’s decision to significantly reduce the petroleum levy (PL) on petrol is likely to impact its revenue projections, potentially leading to a revision of the budgeted target for the current fiscal year, sources said. Prime Minister Shehbaz Sharif on Friday announced a reduction of Rs80 per litre in the PL on petrol, bringing it down from Rs160.61 to Rs80.61 per litre, effective April 4, 2026. As a result, petrol prices declined sharply to Rs378.41 per litre from Rs458.41, while the price of High-Speed Diesel (HSD) remained unchanged at…

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Nepra Fines CPPA-G for Violations, Says Consumers ‘Overburdened’ by Costly Power Decisions

Admin
New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority has imposed a penalty on Central Power Purchasing Agency Guarantee Limited for financially overburdening consumers through violations of the Economic Merit Order (EMO) and curtailment of cheaper wind-generated electricity. The regulator took action after CPPA-G claimed a Fuel Charges Adjustment (FCA) of Rs7.13 per kWh for January 2024, against an actual pooled fuel cost of Rs14.60 per kWh — nearly double the reference fuel cost of Rs7.49 per kWh determined earlier for FY2024-25. The sharp deviation triggered concerns and led to a public…

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Pakistan Shows Relative Stability Amid Global Oil Price Shock: Govt Report

Admin
New-oil4

KARACHI: Pakistan has maintained relative stability in fuel pricing despite a sharp global oil shock triggered by geopolitical tensions, according to a report released by the Ministry of Information and Broadcasting. The report highlights unprecedented volatility in global petroleum markets during March and early April 2026, with diesel prices witnessing an extraordinary surge. International diesel rates climbed from around $88 per barrel in late February to approximately $238 per barrel by early April — a cumulative increase of over 170%. Petrol prices also showed sharp fluctuations, rising from about $74…

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