Category: Popular News

Govt hikes petrol price by Rs5.36, high-speed diesel by Rs11.37

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Petroleum-prices

The federal government on Tuesday hiked the price of petrol by Rs5.36 per litre and that of high-speed diesel (HSD) by Rs11.37 for the next fortnight. A press release from the Finance Division said the revised prices were based on recommendations by Ogra and concerned ministries. The new petrol price is Rs272.15 per litre and Rs284.35 for HSD. The press release did not mention any changes in the prices of kerosene and light diesel oil. According to informed sources, the ex-depot price of petrol was projected to rise by about two…

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Mohammad Aamir Khan Appointed Acting MD of ISGS as Bajwa’s Term Ends

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Oil-and-Gas

ISLAMABAD, July 2025 — Following the expiration of Nadeem Bajwa’s contract as Managing Director of Inter-State Gas Systems (ISGS) on June 30, the company’s Board of Directors has appointed Mohammad Aamir Khan, currently serving as Chief Financial Officer (CFO), as the Acting Managing Director under an interim arrangement. “Yes, I have received charge from Nadeem Bajwa as Acting Managing Director, as the process for appointing a regular MD is in its final stages,” Aamir confirmed to The News. Established in 1996, ISGS is a wholly owned subsidiary of Government Holdings…

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Fuel prices expected to rise for next 15 days

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Petroleum prices

At the time of reporting, the proposed hike includes a Rs6.60 per litre increase in petrol and a Rs5.27 per litre rise in high-speed diesel (HSD). Conversely, the prices of kerosene and light diesel may see reductions of Rs3.74 and Rs2.23 per litre, respectively. The Oil and Gas Regulatory Authority (OGRA) has completed its work based on the latest global market trends, and a final summary will be submitted to the government by tomorrow. The oil industry has already shared its calculations with the regulator. Sources confirmed that the final…

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Oil steadies near three-week high on signs of tighter supply

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Oil falls

LONDON: Oil prices steadied on Monday, holding close to their highest level in three weeks, as investors eyed further U.S. sanctions on Russia that may affect global supplies, while tariff uncertainty weighed. Brent crude futures rose 16 cents, or 0.2%, to $70.52 a barrel by 1326 GMT, while U.S. West Texas Intermediate crude futures climbed 12 cents, also 0.2%, to $68.57. Higher crude imports by China and expectations around U.S. President Donald Trump’s announcement on Russia are supporting prices, UBS analyst Giovanni Staunovo said. “There is still a perceived tightness…

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Centre’s policies stalling Sindh’s energy sector growth: Sharjeel

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Sharjeel-Memon

olds vast untapped resources capable of pulling Pakistan out of its persistent energy crisis, but federal government policies are stalling the province’s energy sector growth. Speaking to the media, Memon emphasised that respecting provincial autonomy and giving Sindh authority proportionate to its resources could spark an energy revolution. He pointed out that over the past six years, 30 million tonnes of coal from Thar had been supplied to IPPs, generating 31 gigawatts of electricity, lighting up over 3 million homes. “Thar coal can fulfil Pakistan’s power needs for decades,” said…

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