Author: Admin

Attock Refinery Plans New 50,000-BPD Deep-Conversion Refinery

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New-Project166

ISLAMABAD: Attock Refinery Limited (ATRL), a subsidiary of Attock Oil Company Limited, is planning to establish a new 50,000-barrels-per-day (BPD) deep-conversion refinery, subject to the availability of sustainable supplies of local crude from northern fields and necessary government support. The company disclosed the plan in its annual report, highlighting the project as part of its broader strategy to expand capacity and upgrade product quality. “ARL has plans to install a state-of-the-art new deep conversion refinery of 50,000 BPD capacity, if sustainable enhanced supplies of local crude from the North become…

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Petrol Subsidy Scheme May Continue for Up to 10 Months

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Petrol-price

LAHORE: Petroleum Minister Ali Pervaiz Malik has said the government may continue its petrol subsidy scheme for up to 10 months, if necessary, to provide relief to consumers amid rising pressures on household budgets. Speaking to the media in Lahore on Sunday, Malik said the government was aware of the difficulties being faced by the public and would pass on any reduction in international oil prices to consumers. “The petrol subsidy scheme will be continued for the public if it has to run for 10 months,” he said. According to…

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IMF Talks Begin to Unlock $1.2 Billion in Fresh Funding

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New-IMF

ISLAMABAD: Formal negotiations between the government and a visiting International Monetary Fund (IMF) staff mission are set to begin today (Monday) for the fourth review of Pakistan’s $7 billion Extended Fund Facility (EFF) and the third review of the Resilience and Sustainability Facility (RSF). According to official sources, the IMF mission, led by Iva Petrova, will remain in Pakistan for nearly two weeks, until the first week of October, to assess progress under both programmes. Pakistan is currently implementing a 37-month IMF programme focused on fiscal discipline, structural reforms and…

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Petrol price rises by Rs2.02, diesel falls by Rs3.59 per litre

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petrol

The government on Friday increased the price of petrol by Rs2.02 and slashed the rate of high-speed diesel by Rs3.59 per litre. Following the revision, petrol will now cost Rs391.30, while high-speed diesel (HSD) will be sold at Rs408.53 per litre. According to a notification issued by the Petroleum Division, the revised fuel prices will be applicable till September 28. Under the revised framework, approved by the federal cabinet, Ogra will publish updated fuel prices on its website daily to improve transparency and allow consumers to benefit more quickly from…

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Government weighs new gas tariff slabs to expand protected consumer category

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The government is likely to introduce additional gas tariff slabs to provide cheaper gas to more consumers by expanding the protected consumer category, as it moves to address persistent circular debt in the gas sector, The Express Tribune reported.  The Cabinet Committee on Energy (CCOE), chaired by Prime Minister Shehbaz Sharif, has directed the Ministry of Energy’s Petroleum Division to examine a more rational categorisation of protected gas consumers. The proposal was discussed as the committee reviewed the accumulation of circular debt in the oil and gas sectors. The Petroleum…

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