The prices of petroleum products are expected to remain significantly within two weeks starting from May 1, 2025, with only minor adjustments to gasoline and high -speed diesel prices. Official estimates indicate that gasoline may decrease by the R0.016 per liter, while high -speed diesel may increase by the R01.01 per liter. However, these small … Read more
Islamabad: In light of the emerging regional security situation, the Petroleum Department directed all oil refineries in countries and marketing companies to promote production urgently and ensure the provision of the main petroleum products to support the operational readiness of the defense forces. In “more urgent” directives dated April 23, 2025, the Ministry of Energy … Read more
The Prime Minister’s office announced that the government decided to maintain oil prices without change while taking advantage of the financial space available to reduce the electricity tariff. This step aims to bring direct relief to the public amid high inflation and economic challenges. Instead of lowering fuel prices, the government focuses on lowering the … Read more
Oil prices remained relatively stable on Thursday, as strong expectations for winter fuel demand were offset by rising US fuel inventories and broader economic concerns. Brent crude futures fell six cents to $76.1 a barrel, while US West Texas Intermediate crude fell five cents to $73.27. Both crudes fell more than 1% on Wednesday due … Read more
K-Electric has filed for provisional monthly fuel duty adjustment (FCA) for November 2024, proposing a waiver of Rs 4.98 per kWh for its customers. The National Electric Power Regulatory Authority (NEPRA) has scheduled a public hearing for January 15, 2025 to evaluate K-Electric’s proposal. Following the hearing, NEPRA will determine the final FCA amount that … Read more
Organized crime groups in Ecuador are increasingly stealing fuel from state-run oil company Petroecuador to support drug trafficking operations, resulting in hundreds of millions in lost income for the country’s largest industry, the company and officials said. Criminals steal gasoline, diesel and other fuels by exploiting state-owned fuel pipelines for use in making cocaine and … Read more
Islamabad: The National Electric Power Regulatory Authority (NEPRA) has approved the Federal Government’s Winter Demand Initiative for Distribution Power Company (DISCOs) and K-Electric (KE) consumers. According to a NEPRA statement on Friday, the winter package will benefit industrial gauge and wheel consumers, even though they were not included in the government’s order initially.Under the winter … Read more
A sophisticated fuel oil smuggling network that some experts believe generates at least $1 billion annually for Iran and its agents has flourished in Iraq since Prime Minister Muhammad Shia al-Sudani took office in 2022, five informed sources told Reuters. The operation exploits a government policy under which Iraq allocates fuel oil to asphalt plants … Read more
Islamabad: Road closures imposed by the government to hinder the PTI’s march towards Islamabad have severely disrupted the fuel supply chain, raising the specter of shortages in major cities such as Lahore and Rawalpindi. Petroleum Traders Association Secretary Khawaja Atif warned that petrol stocks in Lahore and other parts of Punjab have started to run … Read more
Islamabad: Oil prices in Pakistan have fallen by Rs47.54 per liter since May, Petroleum Minister Musaddiq Masood Malik informed the National Assembly on Thursday. Responding to various questions, the minister explained that “Pakistan buys fuel at global market prices, but we get some discounts on the insurance premium.” He explained: “Under the agreement, we buy … Read more