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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 at its current level of Rs 254.64 per litre for the next fortnight.…
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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 immediately to avoid further legal or administrative action. Final notices have been served to these defaulters during…
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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 Rs. 18,977 million, translating into earnings per share (EPS) of Rs. 29.92. This marks…
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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 the Petroleum Division are placed. This was revealed in the Public Accounts Committee (PAC)’s sub-committee meeting which examined the Ministry of…
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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 lack of evenhanded or if there was a perceived misuse of Fund disbursements.As mitigants, the Pakistani authorities have reiterated their…
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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 letter to Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company…