Author: Admin

ISLAMABAD: Pakistan on Thursday rejected the two lowest evaluated bids for liquefied natural gas (LNG) cargoes submitted by BP Singapore and TotalEnergies, despite ongoing concerns over power shortages and rising summer demand. According to official details, state-owned Pakistan LNG Limited (PLL) received seven bids against emergency tenders floated earlier this week for two LNG cargoes scheduled for delivery between May 12-14 and May 24-26. For the first delivery window, BP Singapore offered LNG at $17.28 per million British thermal units (mmBtu), while PetroChina quoted $17.69 and Vitol Bahrain submitted a…

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Islamabad, May 07,2026 Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with H.E. Nawaf bin Said Al-Malki, the Ambassador of the Kingdom of Saudi Arabia to Pakistan. They discussed matters of mutual interest and agreed on strengthening bilateral cooperation in the energy sector. During the meeting, the Minister expressed gratitude to the Kingdom of Saudi Arabia for its continued support in meeting Pakistan’s energy requirements. He particularly acknowledged special treatment accorded to Pakistan in petroleum supplies, which has significantly contributed to addressing Pakistan’s energy needs during present challenging…

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Karachi, May 7, 2026The Sindh government has decided to purchase 1,000 additional Pink EV scooters for women and launch an inter-city People’s Bus Service to expand the province’s mass transit network. New routes connecting Khairpur to Rohri and Khairpur to Ranipur will begin operations next week. Senior Minister of Sindh Sharjeel Inam Memon said inter-city bus services will soon be introduced in Larkana, Dadu, Sehwan, Hyderabad, Sanghar, and other districts. He also announced that new EV and double-decker buses will be added to Karachi’s fleet. The decisions were made during…

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Abu Dhabi, UAE: Solar and wind energy combined with battery storage are now capable of delivering reliable, round-the-clock electricity at lower costs than fossil fuel-based generation in prime resource regions, according to a new report by the International Renewable Energy Agency (IRENA). The report, titled 24/7 Renewables: The Economics of Firm Solar and Wind, concludes that hybrid renewable systems—particularly solar and wind paired with storage—are increasingly becoming the most cost-effective solution for continuous power supply. Renewables reach fossil fuel parity and beyond IRENA’s analysis shows that firm levelised costs of…

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KARACHI: Petrol prices are expected to rise by Rs4.75 per litre in the upcoming fortnightly pricing review, while high-speed diesel (HSD) is likely to remain largely unchanged, provided the government does not impose any additional petroleum levy. According to the latest internal calculations by the oil industry, petrol prices are projected to increase mainly due to higher international gasoline prices, whereas policy adjustments have helped offset a significant rise in global diesel rates. For petrol (PMG), the ex-refinery price is estimated to increase from Rs270.03 per litre to Rs274.77 per…

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