Author: Admin

Oil Industry Protests Delay in Margin Increase, Seeks Recovery of Digitisation Costs

Admin
oil-gas-sector

ISLAMABAD: The Oil Companies Advisory Council (OCAC) has raised serious concerns over the regulator’s failure to implement the government-approved increase in oil marketing companies’ (OMCs) margins and the lack of a clear mechanism for full recovery of investments made in digitisation. In a letter addressed to the Chairman of the Oil and Gas Regulatory Authority (Ogra), OCAC highlighted the absence of a notification for the 50 per cent increase in OMC margins on motor spirit (MS) and high-speed diesel (HSD), which was approved by the Economic Coordination Committee (ECC). According…

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Gas Supply Increased to 746mmcfd Amid Rising Winter Demand

Admin
OGRA-GAS

ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik on Thursday directed gas utilities to take immediate measures to ease supply pressures on domestic consumers as harsh winter conditions triggered a sharp rise in gas demand across the country. Chairing a meeting with senior officials of Sui Northern Gas Pipelines Limited (SNGPL), Sui Southern Gas Company (SSGC) and the Oil and Gas Regulatory Authority (OGRA), the minister took notice of complaints from households facing gas shortages during peak winter hours. According to an official statement, he emphasized that providing relief to…

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Petrol, Diesel Prices Kept Unchanged; Petroleum Levy Increased

Admin
petrol-price

ISLAMABAD: The federal government on Thursday announced that prices of petrol and high-speed diesel (HSD) will remain unchanged for the next fortnight, while increasing the petroleum levy on both fuels. According to a press release issued by the Petroleum Division, the price of petrol will stay at Rs253.17 per litre, while HSD will continue to sell at Rs257.08 per litre for the fortnight beginning January 16. However, the government raised the petroleum levy by Rs4.65 per litre on petrol and 80 paisa per litre on diesel. With this adjustment, the…

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Proposed Amendments May Place NEPRA Under Power Division’s Authority

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New-NEPRA

ISLAMABAD: The federal government has reportedly finalised a set of amendments to the NEPRA Act, 1997, and the Electricity Act, 1910, which could significantly reduce the autonomy of the National Electric Power Regulatory Authority (NEPRA) by placing it effectively under the control of the Power Division. Well-informed sources told Business Recorder that the proposed changes would replace references to the “Federal Government” with the “Power Division,” “division concerned,” or “appropriate authority” in key regulatory provisions, giving the Power Division greater oversight over tariff approvals and other regulatory decisions. Sources said…

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Partnerships Drive Momentum at World Future Energy Summit 2026

Admin
World-Future

Abu Dhabi, UAE: The 18th World Future Energy Summit (WFES) 2026, underway at the ADNEC Centre Abu Dhabi as part of Abu Dhabi Sustainability Week and hosted by Masdar, continued to deliver tangible outcomes on its second day, with a series of major deals, announcements and strategic partnerships underscoring its role as a catalyst for global clean energy progress. The largest and most ambitious edition to date, the Summit has brought together global leaders, policymakers, investors and innovators from more than 150 countries at a critical juncture in the global…

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