Author: Admin

Pakistan Has Adequate Fuel Stocks, No Shortage Despite Global Crisis: Aurangzeb

Admin
New-Project92

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday assured that Pakistan currently faces no fuel shortage, despite rising global uncertainty caused by the ongoing conflict involving the Israel, Iran, and the United States. Briefing the Senate Standing Committee on Finance, the minister advised consumers to conserve fuel as a precautionary measure, though he emphasized that the country is not considering fuel rationing at this stage. “We are not going for rationing of fuel as there is no fuel shortage in the country, but the situation could become serious if the war…

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Hormuz Crisis Disrupts Global Energy Supplies as US Pledges Escorts for Oil Tankers

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New-Hormuz

LONDON: Escalating tensions in the Middle East have severely disrupted global energy supply chains after a US strike on an Iranian warship intensified the ongoing conflict, leading to a near paralysis of shipping through the strategic Strait of Hormuz for the fifth consecutive day. The situation worsened on Wednesday after a US submarine reportedly struck an Iranian naval vessel off Sri Lanka, killing 87 sailors. In response to the escalating crisis, US President Donald Trump announced that Washington would provide insurance support and naval escorts to vessels transporting oil and…

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Power Tariff Increased: Consumers to Bear Rs23bn Additional Burden

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Nepra-Price

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has notified an additional financial burden of about Rs23 billion on electricity consumers by allowing a Rs1.63 per unit increase in fuel cost for March along with approximately 35 paisa per unit in additional charges for the next three months. As a result, electricity consumers will face a total increase of around Rs1.98 per unit in their bills during March. The impact of the Fuel Cost Adjustment (FCA) alone is estimated at Rs14 billion, while Rs8.7 billion under the Quarterly Tariff Adjustment…

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Pakistan cuts gas for some industry buyers as Middle East war upends supply: report

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us natgas

Pakistan’s largest gas distributor was set to cut supplies to some of its industrial customers, suggesting growing strain in one of the economies most dependent on energy exports from Qatar, Bloomberg reported on Wednesday. According to the report, the conflict in the Middle East has caused the most extensive disruption to the global energy trade since Russia’s invasion of Ukraine in 2022, blocking the Strait of Hormuz and shuttering giant energy facilities including Qatar’s Ras Laffan liquefied natural gas export plant. This happened after Israel and the US carried out attacks on Iran, followed…

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Fuel shortage fear grips Pakistan amid Gulf tension and supply limits

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Petrol-Diesel

APPDA urges federal oversight, while OGRA insists fuel stocks remain within regulatory limits and supply curbs are routine stabilisation measures. ISLAMABAD: Concerns over possible petroleum product availability are rising in Pakistan as dealers warn that supply restrictions and quota management by marketing companies may lead to market pressure, particularly amid the volatile security situation in the Gulf region and uncertainty surrounding maritime energy shipments through the Strait of Hormuz. The All Pakistan Petroleum Dealers Association (APPDA) has written to Prime Minister Shehbaz Sharif, urging the federal government to closely monitor fuel…

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