Category: Uncategorized

Govt raises petrol price by Rs6.88, HSD by Rs5.62 per litre

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The federal government has increased the price of petrol by Rs6.88 per litre and high-speed diesel (HSD) by Rs5.62 per litre, effective till Thursday, September 17, 2026. According to an Oil and Gas Regulatory Authority (OGRA) notification, the new price of petrol has been fixed at Rs391.22 per litre, while HSD will be available at Rs421.45 per litre. The regulator said the increase was primarily linked to higher petrol and diesel prices in the international market amid continued global uncertainty. The prices of petroleum products have also been revised in…

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Pakistan approves $271 million fuel subsidy amid US-Iran war energy shock

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ISLAMABAD: Pakistan’s top economic decision-making body on Monday approved Rs75 billion [$271 million] for a fuel subsidy scheme, the Finance Division said, as Islamabad attempts to mitigate the impact of the inflationary pressure created by the US-Iran war. Prime Minister Shehbaz Sharif announced a subsidy of Rs100 [$0.36] per liter on petrol for owners of two-wheelers and three-wheelers such as motorcycles, rickshaws and qingqis. The government announced that owners of vehicles up to 800 cc will also be eligible to avail the scheme.  Pakistan has consistently raised fuel prices as…

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 Saxovent Renewables and HIH Real Estate Combine Expertise to Develop Sustainable Energy Solutions for Real Estate Portfolios  

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Partnership to sustainably harness energy potential in real estate portfolios   Berlin, September 11th, 2026 – Saxovent Renewables GmbH & Co. KG and HIH Real Estate GmbH are combining their expertise to expand the use of renewable energy in real estate portfolios. Together, they will analyze, develop, and implement sustainable energy solutions on suitable existing properties. The partnership will identify untapped potential in existing properties and use it to develop energy solutions that remain economically viable over the long term. In particular, the partners will examine roof areas and existing infrastructure to determine…

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ISMO begins work on new 10-year power generation plan as previous plan awaits approval

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The Independent System and Market Operator (ISMO) has initiated work on the Indicative Generation Capacity Expansion Plan (IGCEP) 2027, seeking project-specific data from provinces and other relevant entities by September 14, 2026. Business Recorder reported that the new plan will cover a 10-year planning horizon from 2027 to 2037 and comes despite the IGCEP 2025-35 still awaiting formal notification by the National Electric Power Regulatory Authority (Nepra). ISMO has sought data on existing and potential thermal, hydropower, renewable and hybrid power plants, including projects based on emerging and new technologies. “This…

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Refining Industry Warns Fuel Pricing Changes Could Threaten Billions in Upgrades

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ISLAMABAD: Pakistan’s latest moves to revise the petroleum pricing mechanism have triggered concern in the refining industry, with executives warning that repeated changes to refinery economics could weaken cash flows, undermine investor confidence and jeopardise billions of dollars in planned modernisation projects. Sources familiar with the proceedings said KPMG proposed at a September 2 Pricing Committee meeting to further reduce the high-speed diesel (HSD) crack-spread cap, currently around $41.8 per barrel. The proposal has raised concerns among refiners, particularly because the government has already modified various elements of the petroleum…

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