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This increase in petrol price was based on the calculations of international price of petrol ie free on board (FOB) basis. Price of petrol might jump if the exchange rate was adjusted in the next review, sources in the oil sector added.

Amid soft global wholesale gas prices, Pakistan’s Oil and Gas Regulatory Authority (Ogra) has cut the average sale price of Re-gasified liquefied natural gas (RLNG) by up to 4.3 percent for February 2023. The RLNG price for the Sui Northern Gas Pipeline Limited (SNGPL) consumers was reduced by 4.3 percent or $0.614/mmBtu, while for Sui Southern Gas Company (SSGC) clients, prices have been cut by 3.9 percent (or $0.5635/mmBtu) over the previous month (January 2023). The regulator issued it determined RLNG weighted average sale provisional price notice on Monday. It…

Mr. Rafael Mariano Grossi, Director General, International Atomic Energy Agency (IAEA) will visit Pakistan from 15 – 16 February 2023. During his two-day visit, DG IAEA will hold high level meetings and undertake visits to different institutions employing nuclear technology in the fields of health, agriculture, industry and power generation . The visit will provide an opportunity to Pakistan and the IAEA to explore avenues for further strengthening their ongoing cooperation in the area of peaceful applications of nuclear technology for the socio-economic development of the country. Pakistan is a…

The Oil and Gas Regulatory Authority (OGRA) has notified a reduction in prices of liquefied natural gas (LNG) for consumers of two public gas utilities – Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) – for February 2023, ARY News reported on Monday. According to details, the LNG price for SNGPL consumers has been reduced by $0.61/mmbtu for February while for SSGC consumers the rate has been slashed by $0.56/mmbtu.After the reduction, the OGRA has fixed the LNG price at $13.70/mmbtu for SNGPL consumers and $14.31/mmbtu…