Pakistan has decided to approach Qatar to renegotiate its long-term liquefied natural gas (LNG) deal after a slump in domestic demand left the country with dozens of surplus cargoes, officials confirmed. The Economic Coordination Committee (ECC) this week authorised the Petroleum Division to begin talks with Doha on reducing import volumes. Sources said Petroleum Minister…
Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) have raised their financing commitments for the Reko Diq copper and gold mining project to $715 million, reflecting a stronger push to keep the multibillion-dollar venture on track. The development was disclosed through separate filings at the Pakistan Stock Exchange on Tuesday. Both…
In compliance with Prime Minister Muhammad Shehbaz Sharif’s instructions for the fast-track development of Jhal Magsi district, Oil and Gas Development Company Limited (OGDCL) has announced the successful completion and commissioning of the Jhal Magsi Development Project and launched a series of CSR initiatives in the remote Jhal Magsi district of Balochistan. The fast-track development…
After more than a decade, Pakistanis may finally see new domestic gas connections, but the move could come with a heavy financial burden. Officials confirmed that the government is preparing to end the 13-year ban, though applicants will face significantly higher charges and imported gas prices. According to the Petroleum Division, a summary has been…
Consumers in Pakistan are paying almost Rs80 per litre in taxes on petrol and diesel, even as the government maintains zero percent sales tax on petroleum products. Staff Report Heavy Reliance is on Petroleum Levy on petroleum products to pocket money. According to official price buildup data for mid-August, the Petroleum Levy (PL) remains the…
The government has decided not to extend concessionary gas tariffs to zero-rated and export-oriented sectors, citing ongoing litigation and concerns that such a move could trigger wider demands for tariff reductions. The issue was discussed in a recent meeting of the Economic Coordination Committee (ECC), where officials noted that reduced gas tariffs had already ended…
Staff Report Pakistan has witnessed an over two-decade low oil and gas production in FY25, with oil and gas volumes down 12% and 8% YoY, respectively, as surplus RLNG in the system led to curtailment of local production. The decline was sharper in 4QFY25, as oil production fell 8% QoQ (-15% YoY) and gas declined…
The Oil and Gas Regulatory Authority has slightly increased RLNG prices for August 2025, citing higher DES costs. Staff Report The Oil and Gas Regulatory Authority (OGRA) has announced a slight increase in Re-gasified Liquefied Natural Gas (RLNG) prices for August 2025, following policy guidelines from the federal government. The adjustment, effective from August 1,…
The government has given the green light for industrial units in Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC) to receive electricity through a single-point supply. Under the new system, industries will handle their own power distribution and billing. This change removes the direct role of distribution companies (DISCOs) in the internal supply…
Pakistan’s power sector saw PKR 265 billion in distribution inefficiencies in FY25, threatening to undermine the year’s record PKR 780 billion drop in circular debt Staff Report Persistent distribution losses continue in power distribution companies (Discos) which posted technical and commercial losses of PKR 265 billion in FY25, a slight improvement from PKR 276 billion…
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