Author: Admin

KARACHI: Pakistan’s refining sector recorded a solid performance in April 2026, with total refinery uplift increasing by 12.7% year-on-year, driven primarily by higher demand for high-speed diesel (HSD) and furnace oil (FO), according to industry data. HSD uplift rose 11.3% to 442,000 tonnes, supported by tighter controls on alternative fuel inflows, potential disruptions in imports, and improved refinery utilisation. FO offtake also posted a sharp increase of 26% to 235,000 tonnes, while sales by oil marketing companies rose 62.7% to 137,000 tonnes. Motor spirit (petrol) uplift, however, edged down 1.7%…

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KARACHI: The Ministry of Petroleum Division Pakistan has directed Pakistan State Oil to suspend senior-level hiring and defer key management appointments as the tenure of its current Board of Directors nears completion later this month. According to an official communication, the existing PSO board is set to complete its statutory term on May 28, 2026. In anticipation, the government has initiated the process of constituting a new board under the State-Owned Enterprises (Governance and Operations) Act 2023 and the SOEs Policy 2023. PSO, the country’s largest oil marketing company, is…

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ISLAMABAD: The government is set to hold a high-level meeting on Tuesday (today) to address long-standing policy issues delaying Pakistan’s $6 billion refinery upgradation programme, as authorities seek to revive investment in the energy sector and strengthen fuel production capacity. The meeting at the Ministry of Finance Pakistan will bring together key officials, including the finance minister, petroleum minister, chairman of the Federal Board of Revenue, senior Petroleum Division officials, and chief executives of local refineries. A central agenda item is a proposal to increase and fix the Inland Freight…

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KARACHI: Gas & Oil Pakistan Limited has announced its highest-ever 24-hour sales performance across its Company Owned, Company Operated (COCO) fuel stations, marking a major operational milestone for the company. The achievement reflects strong customer demand and the effectiveness of GO’s distribution network, supported by coordinated efforts across its retail operations to ensure consistent service delivery and fuel availability. A company spokesperson said the record performance highlights growing customer confidence in the brand and the dedication of on-ground teams. “We remain committed to delivering reliable service while maintaining the highest…

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ISLAMABAD: Attock Refinery Limited has resumed operations at its primary crude distillation unit (HBU-I) with a capacity of 32,400 barrels per stream day (BPSD), the company announced in a notice to the Pakistan Stock Exchange on Monday. The refinery stated that operations were restored following the normalisation of crude oil supplies and the resumption of product dispatches through oil tankers. The unit had been temporarily shut down in April due to logistical constraints linked to the expected arrival of foreign delegations in Islamabad. Incorporated in 1978 and later converted into…

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