petrol increased by Rs 1 per litre from June 1
ISLAMABAD (june1) -Consumers will see a slight increase in petrol prices, with the federal government announcing a Rs 1.00 per litre hike effective June 1, 2025, bringing the new price to Rs 253.63. In contrast, the price of high-speed diesel will remain…
SNGPL notices to defaulting federal & provincial Govts owe Rs. 3.7136 b
Lahore (May 30) – Sui Northern Gas Pipelines Limited (SNGPL) issued reminder notices to several public sector organizations and departments for the payment of long-outstanding dues. The company urges all such public sector entities to settle their dues…
SNGPL’S highest 75% cash Dividend FY 23-24
LAHORE (May 22) -The shareholders approved the annual audited financial statements for the fiscal year ended June 30, 2024. The Company achieved its highest ever profitability, recording a profit before tax of Rs. 29,843 million and a profit after tax of…
Unauthenticated oil & gas data deprives real royalty to provinces
May 20, 2025– Parliamentarians showed concerns over actual royalty payments to provinces due to discrepancies in Oil and Gas Development Limited’s (OGDCL) real-time production and refined products sales data while no verification mechanism within…
IMF warns: India Pakistan tensions could heighten the program
ISLAMABAD (May 17) – The rising tensions between India andPakistan, if sustained or deteriorate further, could heighten enterprise risks to the fiscal,external and reform goals of the program. Reputational risks could also come from anyperceived…
Adjustment in the CPP levy
ISLAMABAD (May 4)– Petroleum Division has clarified that any rebate or adjustment in the CPP levy will be considered in subsequent billing months based on the determination of FCA by NEPRA applicable for the respective month of the power tariff. In a…
Pakistan prohibited Indian goods
ISLAMABAD (May 4)– Pakistan has ban the import of Indian origin goods by third countries via sea, land and air with immediate effect after India announced ban on Pakistani goods. On Sunday, Commerce Ministry issued a notification to prohibit Indian…
POL prices build-in wef May 1
ISLAMABAD (May 2) – The ex-refinery prices of petrol and HSD were calculated at Rs 1.40 per litre and Rs 1.93 per litre respectively and adjustment in margins enable the government to reduce the price of both petroleum products by Rs 2 per litre for…