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…
SNGPL earns historical profit & dividend for fy 2023–24
Lahore (April 29) – The Board of Directors of Sui Northern Gas Pipelines Limited (SNGPL) on Saturday recommended a final cash dividend of Rs. 7.50 per share (equivalent to 75%) for the year ended June 30, 2024.The Board also approved the Annual…
RLNG prices 1.96 pc up for Feb
ISLAMABAD – Oil and Gas Regulatory Authority (OGRA) on Thursday raise the imported RLNG prices upto 1.96 percent due to increase in the cost of supply and delivered ex-ship (DES) prices for month of February. According to a notification, the price of…
Pakistan moves to Ethanol-Blended Fuel to Cut Imports
ISLAMABAD – Pakistan is preparing to launch a voluntary ethanol-blending policy aimed at reducing reliance on imported fuel and boosting renewable energy. The Petroleum Division is expected to approve a draft policy that would allow petrol to be mixed…
CPPs gas tariff raised to Rs 3500 per mmbtu
Islamabad (Jan 25) The Economic Coordination Committee was chaired by Federal Minister for Finance Senator Muhammad Aurangzeb with Federal Minister for Petroleum Mr. Musadik Masood Malik, Minister for Power Sardar Awais Ahmed Khan Leghari, Minister of…
