Author: Admin

Pakistan approves $271 million fuel subsidy amid US-Iran war energy shock

Admin

ISLAMABAD: Pakistan’s top economic decision-making body on Monday approved Rs75 billion [$271 million] for a fuel subsidy scheme, the Finance Division said, as Islamabad attempts to mitigate the impact of the inflationary pressure created by the US-Iran war. Prime Minister Shehbaz Sharif announced a subsidy of Rs100 [$0.36] per liter on petrol for owners of two-wheelers and three-wheelers such as motorcycles, rickshaws and qingqis. The government announced that owners of vehicles up to 800 cc will also be eligible to avail the scheme.  Pakistan has consistently raised fuel prices as…

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Govt raises petrol price by Rs4.10, diesel by Rs6.41 per litre

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petrol

The government further increased the price of petrol by Rs4.10 per litre and high-speed diesel (HSD) by Rs6.41 per litre, effective till Wednesday, September 16, 2026, marking the seventh consecutive hike in petroleum prices. According to a notification issued by the Ministry of Energy (Petroleum Division), the Oil and Gas Regulatory Authority (OGRA) on Tuesday revised the ex-depot prices of petroleum products under the government’s petroleum pricing mechanism. The price of Motor Spirit (petrol) was raised by Rs4.10 per litre, taking it from Rs380.24 to Rs384.34 per litre. HSD saw…

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Government Briefs Jamaat-e-Islami Delegation on Fuel Supply, Pricing Reforms and Targeted Relief Measures

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New-Project146

Islamabad: September 15,2026 A delegation of Jamaat-e-Islami led by Liaquat Baloch called on Federal Minister for Petroleum Ali Pervaiz Malik, Federal Minister for Law and Justice Azam Nazeer Tarar and Minister of State for Finance Bilal Azhar Kiani at the Petroleum Division. The delegation was briefed on the comprehensive steps taken by the government to ensure uninterrupted fuel supplies during the recent crisis situation. Heads of major refineries, including PARCO, PRL and Cnergyico, along with representatives of PSO and OGRA, also briefed the delegation on the operational management of the…

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Pakistan and IAEA Sign Safeguards Agreement for Chashma-5 Nuclear Power Plant

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New-Project145

Vienna/Islamabad; September 15, 2026: Achieving a significant milestone in the history of Pakistan’s nuclear power program, Dr. Raja Ali Raza Anwar, Chairman, Pakistan Atomic Energy Commission (PAEC) signed the Safeguards Agreement for Chashma Unit-5 (C-5) with Rafael Mariano Grossi, Director General of the International Atomic Energy Agency (IAEA), at the Agency’s Headquarters here on the sidelines of the 70th IAEA General Conference (GC). The signing ceremony was witnessed by Mr. Shan Zhongde, Chairman, China Atomic Energy Authority (CAEA). The Agreement between Pakistan and the IAEA for the Application of Safeguards…

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Day-to-Day Oil and Gas Affairs May Not Require CCI Approval

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New-Project144

ISLAMABAD: The federal government is working on a plan to exclude routine administrative matters concerning oil and gas companies from the purview of the Council of Common Interests (CCI), a move that could trigger resistance from the provinces. According to sources, the federal government does not want to seek CCI approval for day-to-day administrative affairs in the gas sector, arguing that such matters fall within the respective jurisdictions of the federal government and provincial administrations. Policy Decisions to Remain Subject to CCI Several oil and gas-related decisions are currently being…

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