Category: Latest News

Petrol, Diesel Prices Expected to Rise as Global Oil Rates Surge

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Pakistan Petroleum Ltd makes third discovery in Sujawal

KARACHI: Petrol and diesel prices in Pakistan are expected to increase in the upcoming fortnight, driven by a sharp rise in international oil prices, according to market estimates. High-speed diesel (HSD) is likely to witness the steepest increase, with prices projected to rise by Rs40.75 per litre if the government passes on the full impact of higher global fuel costs. Petrol prices are also expected to increase by around Rs8 per litre. The anticipated hike follows a significant jump in international diesel prices, which have climbed by *$20 per barrel,…

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Petrol Stocks Drop to 14-Day Cover as Oil Industry Warns Against Hoarding

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Petrol-Diesel

ISLAMABAD: Pakistan’s oil industry has urged the government to take immediate steps to discourage fuel hoarding after the country’s petrol stocks fell to a 14-day cover, raising concerns over potential supply disruptions amid rising international oil prices triggered by renewed US-Iran tensions. The issue was reviewed during an emergency meeting of the National Coordination and Management Council (NCMC), the recently established civil-military body overseeing energy supplies. The meeting, chaired by Minister for Economic Affairs Ahad Khan Cheema with Lt Gen Zafar Iqbal as co-chair of its executive committee, assessed petroleum…

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Energy Conference Calls for Nationwide EV Ecosystem to Cut Fuel Imports and Emissions

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Energy Conference

Policymakers, energy experts, investors and industry leaders at the 2nd Sindh Energy Diversity Conference-2026 unanimously called for building a comprehensive ecosystem for electric vehicles (EVs), particularly a nationwide charging station network, saying Pakistan must accelerate the transition to clean mobility to significantly reduce fossil fuel consumption, curb harmful emissions from the transport sector and strengthen long-term energy security. The conference, organised by Energy Update under the theme “From Resources to Resilience: Sindh’s Next Energy Chapter,” stressed that the rapid expansion of EV infrastructure, coupled with supportive government policies, affordable financing,…

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Finance minister chairs first review meeting on GM corn commercialization policy

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Finance minister

The committee is assessing GM maize’s impact on productivity, climate resilience, farmer welfare, and food security Finance Minister Muhammad Aurangzeb on Thursday chaired the first meeting of a committee constituted by the prime minister to conduct a science-based review of Pakistan’s policy on the commercialization of genetically modified (GM) maize. The committee has been tasked with objectively examining the scientific, economic and policy evidence surrounding GM corn before making recommendations on its commercial adoption. Opening the meeting, Aurangzeb said the committee should base its deliberations on facts, balanced analysis and…

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Petrol stocks drop to 14-day cover as Pakistan faces supply concerns amid rising tensions

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Pakistan Petroleum Ltd makes third discovery in Sujawal

Pakistan’s oil supply chain players appeared nervous on Thursday as petrol stocks declined to a 14-day cover, prompting the government to urgently address procedural issues and activate enforcement mechanisms to discourage hoarding and profiteering. The decline comes amid rising prices following renewed US-Iran hostilities, which have disrupted global energy markets and sent import premiums skyrocketing. Informed sources said the government may have to revert to fuel conservation measures adopted over the past few months as it reviews the latest regional situation. A session with the oil industry was urgently convened…

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