Author: Admin

ECC Approves Shifting Rs4.12/Litre Relief in Fuel Prices to Oil Sector Stakeholders

Admin
Oil falls

ISLAMABAD: The Economic Coordination Committee (ECC) has approved a plan to redirect the relief of Rs4.12 per litre in petrol and high-speed diesel (HSD) prices to oil refineries, oil marketing companies (OMCs), and fuel dealers, starting from May 16, 2025, for a period of one year. In a meeting held on May 13, 2025, the ECC decided that this adjustment—meant to support stakeholders amid financial challenges—will be implemented through increases in the Internal Freight Equalisation Margin (IFEM), OMCs’ margin, and dealers’ commission. As a result, consumers will bear an additional…

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Petrol Prices Likely to Drop; KE Consumers May Get Relief

Admin
LNG

ISLAMABAD: Petroleum prices across Pakistan are expected to decrease in the coming days, alongside a significant reduction in regasified liquefied natural gas (RLNG) prices — a development likely to bring relief to electricity consumers particularly in Karachi. The Oil and Gas Regulatory Authority (OGRA) on Tuesday announced up to a 14% cut in RLNG prices for May. For Sui Northern Gas Pipelines Limited (SNGPL), the RLNG price at the transmission stage has been reduced by 12.42% to \$11.026 per mmBtu, while the distribution stage price has dropped by 12.51% to…

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DGPC provisionally awards 10 onshore exploration blocks to MariEnergies

Admin
Mari energies

The Directorate General of Petroleum Concessions (DGPC) has provisionally awarded 10 new onshore exploration blocks to MariEnergies, one of Pakistan’s largest exploration and production (E&P) companies. “These blocks have been awarded after competitive bidding on the basis of work units committed by various E&P companies in the Pakistan E&P Onshore Bid Round 2025 (30th April 2025) conducted by the DGPC,” MARI said in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. According to the notice, MARI will operate seven blocks as an operator. At the same time, the…

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OGRA reduces imported LNG prices for May

Admin
OGRA

The Directorate General of Petroleum Concessions (DGPC) has provisionally awarded 10 new onshore exploration blocks to MariEnergies, one of Pakistan’s largest exploration and production (E&P) companies. “These blocks have been awarded after competitive bidding on the basis of work units committed by various E&P companies in the Pakistan E&P Onshore Bid Round 2025 (30th April 2025) conducted by the DGPC,” MARI said in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. According to the notice, MARI will operate seven blocks as an operator. At the same time, the…

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Government Proposes Dual Pricing Model for Petroleum Products to Encourage Digital Payments

Admin
Petrol-Diesel

Islamabad, May 14, 2025 — In a bid to promote digital transactions and curb fuel smuggling, the government is considering a dual pricing model for petroleum products across the country. Under the proposed scheme, consumers would be offered a PKR 5 per liter discount when purchasing petrol or diesel through digital payment methods. As per initial details, the model would set two price tiers for POL (Petroleum, Oil, and Lubricants) products: The price differential will be achieved by reducing the Petroleum Levy (PL) on digital transactions, allowing the government to…

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