Category: Latest News

Petrol, Diesel Prices Likely to Rise by Rs2–3 per Litre from Oct 1

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Petrol-Diesel

ISLAMABAD: Prices of petrol and high-speed diesel (HSD) are expected to increase by Rs2–3 per litre from Wednesday, marking the first hike for October in line with global oil price trends. According to official estimates, the ex-depot rate of HSD may rise by about Rs2.50 per litre (around 1pc), while petrol is likely to see an increase of Rs1.90–2 per litre. Both fuels have already gone up by nearly Rs13 per litre since mid-May. Currently, petrol is priced at Rs264.61 per litre and is widely used in motorcycles, rickshaws, and…

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Consumers Face Rs2 Per Unit Hike in October Under Fuel Adjustment

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New-NEPRA

ISLAMABAD: Power consumers across the country, including Karachi, will see their October bills rise by about Rs2 per unit due to a fuel cost adjustment (FCA), despite more than three-fourths of generation coming from cheaper domestic sources. At a public hearing before the National Electric Power Regulatory Authority (Nepra), Rehan Akhtar, CEO of the Central Power Purchasing Agency (CPPA), explained that lower-than-expected hydropower output in August forced reliance on expensive imported fuels. Flooding had restricted water releases from Mangla and Tarbela dams, reducing hydropower’s share to 38pc against a projected…

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Govt Rejects Aptma’s Objections, Defends IGCEP 2025-35 as Cost-Efficient and Sustainable

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Power-sector

ISLAMABAD: The Power Division has firmly dismissed the All Pakistan Textile Mills Association’s (Aptma) objections to the government’s power generation blueprint, the Indicative Generation Capacity Expansion Plan (IGCEP) 2025-35, calling the concerns “flawed” and “based on unrealistic assumptions.” In its response submitted to the National Electric Power Regulatory Authority (Nepra), the Power Division stressed that the revised IGCEP represents a decisive shift towards affordability, transparency, and sustainability. It noted that Aptma’s criticism misrepresents facts, while the plan itself is designed to ensure reliable and low-cost electricity through the inclusion of…

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OGDC’s five new oil and gas discoveries in a year is a testament to Pakistan’s vast hydrocarbon potential, says Ali Pervaiz Malik

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Ali-Pervaiz

Islamabad, September 29,2025, The Federal Minister for Petroleum Ali Pervaiz Malik held a meeting today with the Managing Director and senior executives of the Oil and Gas Development Company (OGDC) at company’s head office. The meeting focused on a comprehensive briefing by the OGDC management on the company’s operational activities and a strategic production optimization drive aimed at reducing the decline in its mature hydrocarbon fields. Minister Ali Pervaiz Malik was apprised of the various initiatives undertaken to enhance recovery and maintain production levels. He highlighted that “the indigenization of…

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Trump Touts ‘Massive’ Oil Deal in Pakistan, But Experts See No Evidence of Reserves

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Donald-Trump

WASHINGTON: Former US President Donald Trump has claimed that Washington and Islamabad have struck a “massive oil deal,” yet energy experts stress there is no evidence to support the existence of large untapped reserves in Pakistan, The Guardian reported. Trump hosted Prime Minister Shehbaz Sharif and Army Chief Asim Munir at the White House this week, praising them as “great leaders.” The renewed engagement comes as Pakistan highlights its mineral and energy potential to lure US investment. In July, Trump said on Truth Social that the US and Pakistan would…

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