Category: Highlights

OGDCL Collaborates with NCSW for Women Empowerment and Growth

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OGDCL-Meeting

ISLAMABAD, July 02, 2024: Oil and Gas Development Company Limited (OGDCL) has partnered with the National Commission on the Status of Women (NCSW) to empower women and foster their growth within the company.Mr. Ahmed Hayat Lak, MD/CEO of OGDCL, and Ms. Nilofar Bakhtiar, Chairperson of NCSW, on Tuesday, signed a Letter of Intent (LoI) to formalize this collaboration. The LoI signing ceremony was held at the OGDCL Head Office in Islamabad. This strategic partnership underscores OGDCL’s commitment to recognizing and honoring the invaluable contributions of women within its operations.Earlier this…

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Government Denies Gas Consumers Tariff Relief

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OGRA

OGRA Notifies New Tariff of Rs3,000 per MMBTU, Up from Rs2,750 ISLAMABAD: Gas consumers across Pakistan will not receive any tariff relief in the new fiscal year as the Pakistan Muslim League-Nawaz (PML-N) government declined to implement a cut proposed by the Oil and Gas Regulatory Authority (OGRA). Instead, OGRA announced an increase in liquefied petroleum gas (LPG) prices from July 1, 2024. According to the notification, the domestic LPG cylinder price has risen by Rs1.43 per kilogramme. OGRA had initially recommended a reduction in gas prices by up to…

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OIL AND GAS REGULATORY AUTHORITY

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LPG-plant

Islamabad, July 01, 2024: The Oil and Gas Regulatory Authority (OGRA) has notified the maximum Price of LPG, effective July 01 2024, as under; 2.  The LPG price Notification for the month of July 2024 is readily available at OGRA website www.ogra.org.pk. 3. The LPG producer price is linked with Saudi Aramco-CP and US$ dollar exchange rate. As compared to previous month Saudi Aramco-CP has remained unchanged. The average Dollar exchange rate has gone up by 0.06% resulting to increase in LPG consumer price by Rs.1.43/11.8 kg cylinder (0.05%). The…

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Govt increases petrol price by Rs7.45, takes it to Rs265.61 per litre

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Petrol-price

The federal government on Sunday increased the price of petrol by Rs7.45, taking the rate to Rs265.61 per litre. The price of high-speed diesel (HSD) has been raised by Rs9.56 per litre to Rs277.45. The new prices take effect from July 1, 2024. In the previous review, the government had decreased the petrol price by R10.2 per litre and the diesel price by Rs2.33 per litre. Earlier, Business Recorder had reported that a rise of Rs 7.54 per litre for petrol and Rs 9.84 per litre for HSD was likely for the next two weeks. These…

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Faheem Haider Reappointed as Managing Director/CEO of Mari Petroleum Company Limited

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New-mari

Mari Petroleum Company Limited (MPCL) has announced the reappointment of Faheem Haider as Managing Director/CEO for another three-year term, starting August 12, 2024. This decision, confirmed by a notice to the Pakistan Stock Exchange, reflects the Board’s strong confidence in Haider’s leadership. With a wealth of experience in the global oil and gas sectors, Haider has been instrumental in guiding MPCL towards significant growth and strategic excellence. His reappointment is expected to further bolster the company’s position in the industry, driving continued success and innovation. Haider’s leadership has been pivotal…

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