Category: Latest News

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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Gas Pipeline Blast Cuts Supply to Quetta, Several Balochistan Districts

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Gas-Pipline

Gas supply to large parts of Quetta and multiple districts across Balochistan was suspended late Monday night after a major pipeline explosion caused by unidentified armed men. According to officials from Sui Southern Gas Company (SSGC), an 18-inch-diameter main gas pipeline was blown up in the Akhtarabad area along the Western Bypass, located on the outskirts of the provincial capital. Police sources said explosive material had been planted beneath the pipeline, which detonated in the evening, triggering a fire and severely damaging a significant section of the infrastructure. The blast…

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IMF Warns Iran War Will Drive Global Inflation and Slow Economic Growth

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imf-1

The International Monetary Fund (IMF) has cautioned that the ongoing conflict in the Middle East is casting a shadow over the global economy, pushing it toward higher inflation and slower growth. In a recent blog by its top economists, the IMF highlighted that the war—triggered by U.S. and Israeli strikes on Iran on February 28—has created a widespread but uneven economic shock, tightening global financial conditions just as many economies were beginning to recover from earlier crises. A major concern is Iran’s closure of the Strait of Hormuz, a critical…

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Global Energy Markets Edge Toward Worst-Case Scenario as Hormuz Disruption Persists

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global-markets

LAUNCESTON: A month after military strikes by the United States and Israel on Iran, global markets for crude oil, refined products, and liquefied natural gas (LNG) are already operating under what analysts describe as the second-worst possible scenario. At the center of the الأزمة lies the Strait of Hormuz, a critical maritime corridor that typically handles around 20% of the world’s oil, fuel products, and LNG shipments. The waterway remains largely inaccessible to commercial shipping, leaving global energy supplies severely constrained and markets highly vulnerable. Despite claims from Washington and…

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