Category: Shortcode

Petrol, Diesel Prices Set for Third Consecutive Reduction

Admin
petrol-price

ISLAMABAD: The prices of major petroleum products, including petrol and high-speed diesel (HSD), are set to drop for the third consecutive fortnight, with an expected reduction of around Rs5-6 per litre starting September 1. This decrease is primarily due to lower international market rates. Informed sources reported a decline in the international prices of petrol and HSD by $2 to $2.30 per barrel over the last fortnight. With the final exchange rate and existing tax rates taken into account, petrol and HSD prices are anticipated to fall by Rs5 to…

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Clarification Regarding False News About Gas Discovery by MPCL

Admin
mari-petrolium

MPCL would like to address and clarify recent misinformation circulating about a supposed gas discovery by Mari Petroleum Company Limited (MPCL) in Chagi, Balochistan. We categorically deny these reports and confirm that no such discovery has been made or claimed by MPCL.As a responsible and reputable organization, MPCL is committed to the highest standards of transparency and disclosure. We urge everyone to be vigilant and verify the accuracy of information before sharing or publishing.MPCL will continue to provide accurate and timely updates about our operations and achievements through our official…

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Karachi Residents to Face Higher Electricity Bills in October and November

Admin
Your-Bill

ISLAMABAD: Karachi residents are set to experience a significant hike in their electricity bills in October and November, following a decision by the National Electric Power Regulatory Authority (Nepra). The regulatory body has approved K-Electric’s request to impose additional charges of Rs2.5934 per unit in October and Rs3.1688 per unit in November, leading to a total increase of Rs5.763 per unit. These increases stem from monthly fuel charge adjustments (FCA) for May and June 2024, resulting in an added burden of approximately Rs10.6 billion on consumers, which could rise to…

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Pakistan to Auction 20 Offshore Blocks for Oil and Gas Exploration

Admin
oil price

ISLAMABAD: In a bid to address the nation’s escalating energy needs, Pakistan is set to auction 20 offshore blocks for oil and gas exploration, Petroleum Minister Musadik Malik informed a parliamentary panel on Wednesday. This marks the first time the country will auction offshore blocks, with the government hopeful of discovering new reserves. Minister Malik, speaking at the National Assembly’s Standing Committee on Energy (Petroleum Division), chaired by Syed Mustafa Mehmood, also announced accelerated efforts in onshore tight gas exploration. New incentives have been introduced to attract companies, as previous…

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