Author: Admin

Petrol price cut by Rs1.65, diesel by Re0.88 per litre

Admin
New-Petrol-1

The government on Friday reduced the price of petrol by Rs1.65 per litre and high-speed diesel (HSD) by Re0.88 per litre. Following the revision, petrol will now cost Rs389.14 per litre, while high-speed diesel (HSD) will be sold at Rs424.04 per litre. The new fuel prices, notified by the Petroleum Division, will remain in effect until September 21. Under the revised framework, approved by the federal cabinet, Ogra will publish updated fuel prices on its website daily to improve transparency and allow consumers to benefit more quickly from changes in…

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Ningbo Green Light Energy set to be Pakistan’s first listing via SPAC: report

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Solar-Project

Renewable energy company Ningbo Green Light Energy is set to become the first company in Pakistan to go public through a blank-check vehicle, with its backdoor listing expected to be completed within weeks, its chief executive told Bloomberg. According to the report, the company, which imports solar equipment for renewable energy projects, is awaiting court approval for a reverse takeover of LSE SPAC-I Ltd., Chief Executive Officer Qasim Ningbo said. LSE SPAC-I, a subsidiary of LSE Capital Ltd., raised Rs250 million in May through an initial public offering and used…

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Byco Delivers PM’s Fuel Relief at Speed

Admin

Byco, the retail fuel brand of Cnergyico Pk Limited, has swiftly implemented the Prime Minister’s Fuel Relief Scheme on a vast majority of its nationwide retail network — within a day of the programme’s launch, with additional outlets going live daily. The Government-funded scheme provides eligible owners of motorcycles, three-wheelers and cars of up to 800cc engine capacity with a relief of Rs100 per litre of petrol, subject to the scheme’s terms and conditions. Commuters in cities, towns and highways across Pakistan are already availing the subsidy at participating Byco…

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Petroleum Pump and Dealers Associations Assure Full Support for Prime Minister’s Fuel Relief Scheme

Admin

Islamabad: September 17, 2026 Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with representatives of petroleum pump and dealers associations to brief them on the mechanism for implementation of the Prime Minister’s Fuel Relief Scheme. The representatives were given a detailed briefing on the operational mechanism of the relief scheme, including the process for providing relief to eligible consumers. Queries and concerns raised by the petroleum pump and dealers associations were addressed during the meeting. The State Bank of Pakistan briefed the participants on the reimbursement mechanism and…

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Pakistan developing virtual grid system as govt prepares for battery revolution, says energy minister

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electricity-tariffs

The government is developing a virtual grid system that would allow consumers to generate and store electricity as Pakistan prepares for what the energy minister described as a “battery revolution” in the power sector. Federal Minister for Energy Awais Leghari said regulations for virtual grids were under development and were expected to be finalised by the last quarter of the current fiscal year. The government has also directed power distribution companies (Discos) to install grid batteries as part of efforts to expand energy storage and improve the electricity system. “A…

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