The price of high-speed diesel (HSD) is expected to go down by Rs5.41 per litre effective from May 1, 2023 following the weakening of global oil prices. Kharif crop planting season is already under way and any decrease in the price of diesel,
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Oil and Gas Development Company Limited (OGDCL) is planning to boost oil and gas production from current wells while prioritising exploration efforts in the Zin block of Baluchistan, which holds confirmed reserves of 840 billion cubic feet per day (bcfd), company’s top official said on Thursday.
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Pakistan has ordered its first shipment of crude oil from Russia, which will arrive in late May or early June. The initial order, carrying 100,000 tons of crude, will be shipped at a discount of up to $18 per barrel, a price that is lower than Platts’ crude oil prices.
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Minister of State for Petroleum Dr Musadik Malik on Friday said that Prime Minister Shehbaz Sharif had announced to establish a refinery that would cost between $10 to $14 billion. Speaking at a news conference
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Lahore Electric Supply Company (Lesco) has failed to achieve 2 percent loss reduction target that was determined by Nepra in its previous MYT, due to its inability of materialising Rs30 billion ADB funds for the AMI meter project, as the regulator approved Rs107.307 billion new five years investment plan for the company.
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