Petrol price up to Rs 3.50 per litre @March 1
The caretaker government is likely to increase the prices of petrol by over Rs 3.50 per liter effective from March 1, 2024.However, the government may maintain the prices of high speed diesel due to marginal increase in its price.The increase in the…
Energy’s circular debt Rs 5.2 trillion
Caretaker Energy Minister Muhammad Ali while briefing the media said that the total revolving debt of the energy sector is Rs 5422 billion. The revolving debt of the petroleum sector including interest is Rs 322 billion, while the revolving debt of the…
SNGPL receives tax recovery notice of Rs 100 b
ISLAMABAD: Sui Northern Gas Pipeline Limited (SNGPL) is reportedly in the hot waters after receiving tax recovery notice of Rs 100 billion from the Federal Board of Revenue (FBR) on swapping issue, sources told Tribune Times. As per available…
PSO no progress on setting up Greenfield oil Refinery
ISLAMABAD – Pakistan State Oil Company (PSO) under supervision and guidance of government is actively engaged in discussions with various parties regarding establishment of a Greenfield Refinery Project. However, at this point in time no material…
CCoE approves inside work on 80 km IP Gas Pipeline
A summary of Petroleum Division regarding IP Gas Pipeline was taken up by the Cabinet Committee on Energy (CCoE) in its session of February 23, 2024. The CCoE approved the recommendations of the Ministerial Oversight Committee for the IP Project…
Half FY Power Circular Debt Rs 2.5 trillion
ISLAMABAD: Pakistan’s power sector circular debt has reached Rs 2.551 trillion during first half of current fiscal year (July- December) 2023-24 against Rs 2.536 trillion during the same period of 2022-23.According to a government document, total…
Pink Rock Salt Crushing and Packaging Facility
Islamabad – Pakistan Mineral Development Corporation (PMDC) and Miracle Saltworks Collective Inc. (MSCI) Cement Historic Joint Venture for Pink Rock Salt Crushing and Packaging Facility in Pakistan under the facilitation of SIFC. The official…
HSD/petrol price go up
ISLAMABAD: Interim government may increase the price of high speed diesel (HSD) by Rs 8 per litre with keeping the price of petrol unchanged fortnight starting from February 16, 2024. The government may sustain the price of kerosene oil (kero) and…