Category: Latest News

Govt steps up energy planning to avert winter fuel shortages

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Ali-Pervaiz

LAHORE: Federal Minister for Petroleum Ali Pervez Malik has said the government is taking advance measures to ensure uninterrupted supplies of crude oil, petrol, diesel, gas and LPG amid the evolving international energy situation. Speaking at a public gathering in his constituency Mughalpura and later talking to the media, the minister said a summary had been submitted to the federal cabinet to facilitate the import of LPG from international markets so that consumers could be protected from shortages in an emergency. He said comprehensive arrangements were being made to meet…

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Turning Karachi’s wastewater into a water resource: Bilawal opens TP-1

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KARACHI: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Saturday inaugurated the first phase of a landmark wastewater treatment and reuse project in Karachi, launching a 35-million-gallon-per-day (MGD) facility designed to supply recycled water to industries while freeing an equivalent quantity of freshwater for domestic consumption in the water-starved metropolis.The Karachi Industrial Water Park, also known as Treatment Plant-I (TP-1), at Haroonabad is being developed under the Greater Karachi Sewerage Plan and is planned to have a total treatment capacity of 100 MGD. Its second phase, involving an additional…

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OMC Sales Fall 2% YoY, Rise 7% MoM in September

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New-Project177

KARACHI: Sales of Pakistan’s oil marketing companies (OMCs) reached 1.3 million tons in September 2026, declining 2% year-on-year (YoY) but increasing 7% month-on-month (MoM), according to Topline Research. The monthly increase lifted OMC sales during the first quarter of FY27 to 4.1 million tons, representing 6% YoY growth, mainly driven by a sharp increase in furnace oil (FO) sales amid changes in the power generation mix. Excluding furnace oil, OMC sales stood at 1.25 million tons in September, down 8% YoY but up 8% MoM. Ex-FO sales during 1QFY27 totalled…

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G7 Agrees to Release 100 Million Barrels of Oil and Diesel Reserves

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crude-oil

BRUSSELS: Group of Seven (G7) countries have agreed to coordinate the release of 100 million barrels of crude oil and diesel from emergency reserves, seeking to ease fuel-market pressures linked to the ongoing Iran conflict. In a joint statement issued on Friday, the G7 said the release would be coordinated through the International Energy Agency (IEA) and would begin immediately, continuing for four months. Members and partner countries will frontload a substantial portion of the diesel release within the first 20 days. The G7 did not specify the precise volumes…

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Dar Orders Strict Measures to Curb SSGCL’s UFG Losses

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Ishaq-Dar

ISLAMABAD: Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar has directed authorities to take strict and targeted measures to reduce the rising Unaccounted-for Gas (UFG) losses of Sui Southern Gas Company Limited (SSGCL) and improve the company’s operational and financial position. Dar chaired a high-level committee meeting on Friday to review the growing UFG losses of SSGCL, during which officials briefed the committee on the company’s operational challenges, financial impact and increasing distribution losses across its network. The meeting reviewed measures to curb illegal gas connections, upgrade pipeline…

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