Category: Latest News

LNG Supplies Disrupted Under Force Majeure, Power Generation Unaffected for Now: Officials

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lng

ISLAMABAD: Government officials have confirmed that liquefied natural gas (LNG) supplies are currently unavailable for power generation due to force majeure conditions, triggered by escalating geopolitical tensions and supply disruptions in global energy markets. The disclosure came during a public hearing of the National Electric Power Regulatory Authority (Nepra), where officials explained that circumstances beyond control—primarily the ongoing conflict involving the United States, Israel, and Iran—have severely impacted LNG availability. Responding to queries, Rehan Akhtar, Chief Executive Officer of the Central Power Purchasing Agency (CPPA), stated that LNG-based power plants,…

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Petrol, Diesel Prices Likely to Rise Again as Govt Plans Targeted Subsidy Shift

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Petrol-oil

ISLAMABAD: The federal government, in consultation with provincial administrations, is preparing for another significant increase in petrol and diesel prices within the coming days, aiming to partially pass on the rising import costs to consumers while protecting vulnerable segments. According to senior officials, the exact hike will depend on global market fluctuations, with authorities not ruling out a full pass-through of international prices. However, targeted subsidies are expected for key groups, including motorcyclists and farmers, to cushion the impact. Currently, the price gap stands at approximately Rs100 per litre for…

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Pakistan, France Reaffirm Strong Energy & Mining Cooperation Amid Regional Developments

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Energy & Mining Cooperation

The Minister further shared that Prime Minister Muhammad Shehbaz Sharif had established an effective mechanism for swift inter-ministerial decision-making in response to changing supply chain dynamics. He added that the diplomatic efforts led by the Field Marshal, Prime Minister, Deputy Prime Minister, and Pakistan’s senior leadership helped secure petroleum supplies through alternate channels at critical moments. Minister Malik noted that while Pakistan has shouldered the burden of maintaining supply stability, the government ensured that this burden remains properly funded, avoiding the accumulation of circular debt. He added that the government…

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OIL AND GAS REGULATORY AUTHORITY

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oil-and-gas

Plot No. 37 & 39, Mauve Area, Service Road South, Sector G-10/4 Islamabad Notified LPG Producer prices  Rs. / Ton  Rs / 11.8 kg Cylinder April-2026 ( w.e.f  01-04-2026)       262,817.53           3,101.25 March -2026       184,536.99 2,177.54 Increase / (Decrease) 78,280.54             923.71        Notified LPG Consumer prices  Rs. / Ton  Rs / 11.8 kg Cylinder April-2026 ( w.e.f  01-04-2026)       304,117.53 3,588.59 March -2026       225,836.99 2,664.88 Increase / (Decrease)             78,280.54             923.71 2.  The LPG price Notification for the month of April 2026 is readily available at OGRA website www.ogra.org.pk. 3. The…

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Oil Industry Rejects New Pricing Formula, Warns of Potential Fuel Crisis

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New-oil

Islamabad: A growing policy dispute within Pakistan’s power corridors risks triggering a fuel crisis, as the government reviews the existing oil pricing mechanism amid mounting global supply pressures linked to the Middle East conflict. Sources revealed that a committee formed by Prime Minister Shehbaz Sharif to reassess the oil pricing formula has faced strong opposition from industry stakeholders. The proposed changes—reportedly aimed at delinking domestic prices from international markets—have been unanimously rejected by oil companies, which warn that such a move could severely disrupt supply chains. The current pricing system,…

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