BUSINESS

  • Adjustment in PL weekly fuel prices wef March 7

    ISLAMABAD – Federal government has slash the pressure of high speed diesel (HSD) adjustment made in petroleum levy by Rs 20.97 per liter ahead of the scheduled fortnightly revision on March 15. Adjustment was made on petroleum levy (PL) rate on both petrol and high speed diesel (HSD) to minimize the impact on HSD which…

  • A parliamentary committee be briefed on PSO, PPL and PARCO baords

    Senate Sub-Committee Reviews Legal Framework for Petroleum Boards; Seeks Detailed Briefing on PSO, PPL and PARCO‎The Sub-Committee of the Senate Standing Committee on Petroleum met at Parliament House under the convenorship of Senator Manzoor Ahmed Kakar to review the legal and regulatory framework governing the appointment of Boards of Directors in petroleum sector companies.The meeting…

  • Per Kg decrease in LPG consumer price is Rs.0.21 in March

    ISLAMABAD – Oil and Gas Regulatory Authority (OGRA) on Monday notified a slight decreased in the price of both commercial and domestic LPG cylinders for March. OGRA explains that the LPG producer price is linked with Saudi Aramco-CP and US$ dollar exchange rate. As compared to previous month Saudi Aramco-CP has remained unchanged. The average…

  • fuel price up by Rs 8 per litre wef March 1

    ISLAMABAD – Petroleum division notified a revised rate upward by a maximum of Rs 8 per litre affective from March 1 (today) which is driven by geopolitical instability and anticipated supply constraints following targeted attacks on Iran by the U.S. and Israel. The price of petrol is increased by Rs 8 per litre, whereas high-speed…

  • OGDC Signs Five New Exploration Blocks

    ISLAMABAD, February 26, 2026: Oil and Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production company, on Thursday signed Petroleum Concession Agreements (PCAs) for five new exploration blocks awarded in the bidding round held on April 30, 2025. The signing ceremony for the blocks was held at the Ministry of Energy (Petroleum Division) in…

  • OGDC announced highest-ever second quarterly dividend

    ISLAMABAD (Feb 23) – The Board of Directors of Oil & Gas Development Company Limited (OGDC), in its meeting held on Monday, February 23, 2026, announced the financial results for the half year ended December 31, 2025, and declared a second interim cash dividend of Rs 4.25 per share (42.50%) — the highest-ever second quarterly…