Author: Admin

Govt decreases petrol price by Rs4.08, diesel’s by Rs2.45 per litre

Admin
Petrol-Diesel

The government decreased the price of petrol by Rs4.08 per litre while cutting the high-speed diesel (HSD) price by Rs2.45 per litre, effective from Tuesday, August 4. According to a notification issued by the Ministry of Energy (Petroleum Division), the Oil and Gas Regulatory Authority (OGRA) on Monday revised the ex-depot prices of petroleum products under the government’s petroleum pricing mechanism. The price of Motor Spirit (petrol) was decreased by Rs4.08 per litre, taking it from Rs336.03 to Rs331.95 per litre. The price of HSD went down by Rs2.45 per…

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23rd Annual Environment Conference and Awards 2026 to be held on August 6th

Admin
New-Project278

23rd Annual Environment Conference and Awards 2026 to be held on August 6th Karachi Pakistan’s environmental leadership will converge in Karachi on Thursday, 6 August, as the National Forum for Environment & Health (NFEH) hosts the 23rd Annual Environment Conference 2026 alongside the prestigious 23rd Annual Environment Excellence Awards 2026 at a prestigious hotel of Karachi. Held under the theme “Reclaiming Pakistan’s Livable Future: From Collateral Damage to Collective Ownership,” the event will bring together senior government officials, policymakers, environmental specialists, corporate leaders, development practitioners, and sustainability champions to shape…

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*OGDC Partners with Canadian Firm to Deploy Advanced Flow Assurance Technology in Heavy Oil Wells*

Admin
New-Project277

*ISLAMABAD, August 3, 2026:* Oil & Gas Development Company Limited (OGDC) has signed a contract with Canada’s Synergetic Oil Tools Inc. to deploy advanced Passive Energy Tool technology aimed at enhancing production from Pakistan’s heavy crude oil fields. The contract signing ceremony was held at OGDC Headquarters in Islamabad. Canadian High Commissioner to Pakistan, Ambassador Tarik Ali Khan, attended ceremony as the chief guest along with MD/CEO OGDC Ahmed Hayat Lak. Synergetic Oil Tools Inc. President and CEO Brian Herman joined the ceremony virtually. *Senior representatives of OGDC, the Canadian…

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### **Mari Energies Awards Spinwam Gas Supply Contract to Universal Gas Distribution**

Admin
Mari-Energies

  **KARACHI:** Mari Energies Limited (formerly Mari Petroleum Company Limited) has awarded a contract to **Universal Gas Distribution Company (Pvt) Ltd** for the sale of up to **17.5 million standard cubic feet per day (MMscfd)** of natural gas from the **Spinwam Gas Discovery**. The company announced the development in a notice to the **Pakistan Stock Exchange (PSX)**, stating that the contract was awarded through a **Letter of Award (LoA)** following a competitive bidding process initiated on **May 15, 2026**. Mari Energies said both parties will now seek the necessary regulatory…

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### **Govt Forms Committee to Assess Bifurcation of LESCO, MEPCO Before Privatisation**

Admin
New-LESCO

  **ISLAMABAD:** The Ministry of Privatisation (MoP) has established a technical committee to examine the feasibility of splitting the **Lahore Electric Supply Company (LESCO)** and **Multan Electric Power Company (MEPCO)** into two or three smaller distribution companies before their proposed privatisation, informed sources said. According to the sources, the move is aimed at determining whether restructuring the two largest power distribution companies (DISCOs) could improve operational efficiency and enhance their attractiveness to potential investors. The committee is chaired by **Sajid Akram**, Adviser (Power) at the Privatisation Commission, and includes **Ghulam…

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