Author: Admin

LAHORE: Despite a significant reduction in the officially notified price of liquefied petroleum gas (LPG), consumers across Punjab continue to pay nearly double the regulated rate, exposing serious gaps in enforcement and raising questions over the effectiveness of the country’s LPG pricing mechanism. Effective July 1, the Oil and Gas Regulatory Authority (Ogra) reduced the consumer price of LPG by Rs67.33 per kilogram, fixing the official rate at Rs241.43 per kg. The regulator also lowered the price of an 11.8kg domestic cylinder by Rs794.05, setting the new price at Rs2,848.91,…

Read More

ISLAMABAD: The federal government on Friday reduced the prices of petrol and high-speed diesel (HSD) by Rs1.97 per litre each, effective immediately for the week ending July 10, passing on part of the benefit of lower international oil prices to consumers. According to the official notification, the ex-depot price of petrol has been reduced from Rs299.50 to Rs297.53 per litre, while the ex-depot price of high-speed diesel (HSD) has been lowered from Rs311.47 to Rs309.50 per litre. The reduction comes despite an increase in the petroleum levy on both products.…

Read More

Karachi: InfraZamin Pakistan, in collaboration with the Private Infrastructure Development Group (PIDG), convened an exclusive high-level roundtable titled “Investing in Pakistan’s Sustainable Transformation” during London Climate Action Week 2026 at PIDG Headquarters in London. The event brought together senior policymakers, development finance institutions, commercial banks, institutional investors, climate organizations, and private sector leaders from Pakistan and the United Kingdom to explore strategies for scaling sustainable infrastructure investment in Pakistan. The roundtable featured prominent participants, including Her Excellency Jane Marriott, British High Commissioner to Pakistan; Zafar Masud, Chairman of the Pakistan…

Read More

KARACHI: The Federal Board of Revenue (FBR) has introduced stricter oversight of public bonded warehouses handling petroleum, oil and lubricants (POL) products by enforcing tighter customs controls and enhanced monitoring measures to prevent the unauthorized movement of bonded fuel and safeguard government revenue. In a standing order issued by the Office of the Chief Collector of Customs (Appraisement), Punjab, all public bonded warehouse operators have been directed to strictly comply with customs laws by ensuring that no bonded POL products are removed or delivered without verification of Ex-Bond Goods Declarations…

Read More

KARACHI: Pakistan’s petroleum sales remained under pressure in June 2026, with total sales by oil marketing companies (OMCs) falling 20% year-on-year (YoY) to 1.26 million tonnes, reflecting subdued demand amid elevated domestic fuel prices and increased cross-border fuel smuggling. According to industry data, petroleum sales, however, showed signs of recovery on a month-on-month (MoM) basis, rising 7% as lower domestic fuel prices—following a decline in international crude oil prices and easing geopolitical tensions—supported consumption. Excluding furnace oil (FO), total OMC sales declined 15% YoY but increased 6% MoM. The annual…

Read More