Author: Admin

OMAP Opposes Ogra’s Daily Fuel Pricing Plan, Warns of Industry Disruptions

Admin
New-Petrol

KARACHI: The Oil Marketing Association of Pakistan (OMAP) has expressed serious concerns over the Oil and Gas Regulatory Authority’s (Ogra) proposed move to publish petroleum product prices on a daily basis, warning that the decision could create significant operational and financial challenges for the country’s oil marketing sector. In a statement, OMAP said the proposed daily pricing mechanism was introduced without adequate consultation with oil marketing companies (OMCs), fuel dealers and other key stakeholders. The association maintained that most OMCs are not yet equipped to implement such a system and…

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Govt raises petrol by Rs5, HSD by Rs30 in first daily price revision

Admin
petrol

Just hours after announcing a new mechanism to revise petroleum prices on a daily basis, the federal government on Friday increased the prices of petrol and high-speed diesel (HSD) by Rs5 and Rs30 per litre, respectively, citing fluctuations in international oil markets following the recent escalation between the United States and Iran. According to a statement issued by the Petroleum Division, the price of petrol has been increased to Rs315.71 per litre, while HSD will now cost Rs353.30 per litre. The revised prices will take effect from midnight on Friday.

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NRL Optimistic as Refinery Policy Nears Approval, Plans Major Upgrade

Admin
NRL

KARACHI: National Refinery Limited (NRL) expects the long-awaited refinery policy to receive government approval soon, with the company saying that most outstanding issues have been resolved, paving the way for its planned brownfield refinery upgrade. Speaking at the *Pakistan Investor Connect Conference, NRL Chief Executive Officer *Asad Hasan said the proposed upgrade, estimated to cost between *$400 million and $1.2 billion, is expected to take *five to six years to complete after the policy is approved and implemented. A feasibility study for the project is currently being conducted by UK-based…

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Punjab Launches Electric Bus Service in Five Districts, Expands Green Transport Drive

Admin
electric bus service

LAHORE: Punjab Chief Minister Maryam Nawaz on Thursday inaugurated an electric bus service in five districts, marking another step in the provincial government’s drive to promote clean, affordable and sustainable public transportation. Speaking at the launch ceremony, the chief minister announced that the electric bus service has been introduced in Layyah, Chiniot, Sialkot, Okara and Murree, with plans to gradually expand the initiative to all cities and tehsils across Punjab. She said the project would provide citizens with safe, comfortable and affordable transport while reducing environmental pollution. Describing it as…

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