Author: Admin

KARACHI: Wafi Energy Pakistan Ltd (WEPL) has reported a profit after tax of Rs3.54 billion for the year 2025, reflecting a 7.5 percent year-on-year increase and underscoring the company’s steady growth trajectory in Pakistan’s competitive energy market. During the year, the company expanded its footprint by adding 35 new retail sites, including its second eco-friendly Shell-branded outlet constructed using recycled plastic materials. This expansion brings WEPL’s nationwide retail network to more than 680 sites, strengthening its presence across key markets. Chief Executive Officer Zubair Shaikh stated that following a strong…

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ISLAMABAD: Petroleum product prices are expected to rise by Rs4.50 to Rs7 per litre for the upcoming fortnight ending March 15, amid a slight upward trend in international crude markets driven by regional tensions. Official sources indicated that benchmark crude prices have firmed up during the week, prompting a likely revision in domestic fuel rates effective February 28. Based on existing tax structures, ex-depot prices are estimated to increase by approximately Rs4.50 per litre for petrol, Rs4.70 for high-speed diesel (HSD), Rs7 for light diesel oil (LDO), and Rs5 for…

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ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs6.61 billion as a Technical Supplementary Grant (TSG) for the Thar Coal Rail Connectivity Project, reinforcing the government’s commitment to strengthening energy infrastructure and reducing dependence on imported fuels. The meeting, chaired by Federal Minister for Finance and Revenue Muhammad Aurangzeb, reviewed multiple proposals, including a summary from the Railways Division seeking budgetary cover for the strategic rail project. The Thar Coal Rail Connectivity Project aims to facilitate the transportation of indigenous coal from Thar to power plants and…

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Riyadh, Saudi Arabia: Riyadh is set to become the epicenter of global energy dialogue as Energy Week in Riyadh convenes ministers, policymakers, CEOs, investors, and technical experts from 26–30 April 2026. The landmark gathering will align multiple high-level international and regional platforms within a single coordinated framework, fostering policy dialogue, market exchange, and cross-sector collaboration at a pivotal time for the global energy system. Held in tandem, the 25th WPC Energy Congress will take place in the Kingdom for the first time in its 93-year history under the theme “Pathways…

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