OGDCL discovery at Baragzai X-01 (Slant),
ISLAMABAD (Jan 1) – Oil and Gas Development Company (OGDCL) operator of Nashpa Exploration License (65 percent working interest), together with its joint partners- Pakistan Petroleum Limited (PPL) 30 percent and Government Holdings (Pvt) Limited 5…
LPG cylinder price hike by Rs. 126
ISLAMABAD (Dec 31, 2025) – The Oil and Gas Regulatory Authority (Ogra) has issued a notification announcing an increase in liquefied petroleum gas (LPG) prices by Rs 10.68 per kg for January 2026. According to the notification, the price of LPG has…
Planning Meeting for Annual Technical Conference 2026 Held in Islamabad
ISLAMABAD – The planning meeting for the Annual Technical Conference (ATC) & Exhibition 2026, organized by the Society of Petroleum Engineers – Pakistan Section (SPE-Pakistan), was held in Islamabad. The meeting brought together leaders from…
Gudu and Nandipur power plants to be privatization: Senate committee
ISLAMABAD – A meeting of the Senate Standing Committee on Privatization was held under the Chairmanship of Senator Afnan Ullah Khan to consider The Privatization Commission (Amendment) Bill, 2025 and to review the current developments regarding…
Gas Sector Circular Debt: An Accounting Adjustment, Not a Structural Reform
ISLAMABAD – Gas sector’s circular debt stands at Rs. 3.3 trillion, with a principal amount of Rs 1.7 trillion and a late payment surcharge of Rs 1.5 trillion, as of the end of June 2025. Gas sector deficit emerged in 2016 upon importing RLNG due to…
HSD rate declined by Rs 14 wef Dec 16
ISLAMABAD – Federal government on Monday announced a significant reduction in the rate of High Speed Diesel (HSD) while keeping the price of petrol unchanged for fortnight starting from December 16 to 31. According to Petroleum Division, the price of HSD…
uwait’s Minister of Oil Tariq Sulaiman Al-Roumi visits Petroleum Division
ISLAMABAD (Dec 15) Federal Minister for Petroleum Ali Pervaiz Malik, held a meeting in Kuwait with H.E. Mr. Tariq Sulaiman Al-Roumi, Minister of Oil of the State of Kuwait, to discuss matters of mutual interest and strengthen bilateral cooperation in the…
IMF acknowledged 280 proposed amendments in Company Act 2017
ISLAMABAD (Dec 13) – The Cabinet Committee on Regulatory Reforms Sub-Committee proposed over 280 amendments to reduce compliance burdens on private sector firms, and the simplification of outdated resolutions and approvals in Companies Act 2017.…
OGDCL settlement of receivable from Uch Power
ISLAMABAD (Dec 12) – Oil and Gas Development Company (OGDC) has received Rs41.8bn from Uch Power as part of the power sector circular debt settlement. As per our channel checks, OGDC’s receivables from Uch have been improving over the past…
SNGPl’s profit declines FY 25 due to reduction in ROA
ISLAMABAD (Dec 10) – Corporate Briefing Key Takeaways Sui Northern Gas Pipeline (SNGP) conducted its analyst briefing on Wednesday, where management discussed financial performance and future outlook. Management plans to install 300,000 RLNG…
