Author: Admin

ISLAMABAD: Pakistani oil refineries began signing long-awaited agreements with a government-designated entity on Thursday that will allow them to proceed with around $6 billion in planned upgrades, moving a years-long effort to modernize the country’s aging refining infrastructure into the implementation stage. The agreements provide the contractual framework for investments by Pakistan’s existing refineries to modernize their plants, produce cleaner Euro-V fuels, reduce lower-value furnace oil output and replace some imported petroleum products with domestic production. The move is expected to reduce Pakistan’s reliance on imported petrol and diesel, improve…

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The government on Thursday reduced the price of petrol by Rs0.84 per litre and that of high-speed diesel (HSD) by Rs2.63 per litre. Following the revision, petrol will retail at Rs389.28 per litre while HSD will cost Rs412.12 per litre. The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel. According to the Petroleum Division’s notification, the new prices will be applicable for Sept 25 (Friday). The price of HSD has come down from a peak of Rs520.35 recorded on…

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ISLAMABAD:Four of Pakistan’s five major oil refineries have signed upgrade agreements involving an estimated investment of $5 billion, formally launching a major modernisation programme aimed at increasing domestic petrol production by 72 percent, high-speed diesel (HSD) output by 39 percent and reducing furnace oil production by 63 percent. The agreements, signed under the Brownfield Petroleum Refining Policy 2026, mark a significant step towards modernising Pakistan’s ageing refining infrastructure, improving fuel quality and reducing the country’s reliance on imported petroleum products. Attock Refinery Limited (ARL), National Refinery Limited (NRL), Pakistan Refinery…

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Power generation in Pakistan reached 14,943 GWh in August 2026, up 5.1% YoY from August 2025. Back in August 2025, power generation stood at 14,218 GWh.             “While still below the 16,176 GWh peak recorded in Aug’21, the rebound is encouraging for power-sector activity and broader economic growth,” said Arif Habib Limited (AHL) in a note on Monday. On a monthly basis, power generation declined by 1% from 15,122 GWh in July 2026. “Power generation exceeded the NEPRA reference, in our view, aided by lower tariffs, shift of industrial consumers to…

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