Federal Petroleum Minister Ali Pervaiz Malik has said that Pakistan’s transition to a daily petroleum pricing mechanism will improve transparency, eliminate opportunities for market manipulation, and establish a more competitive, consumer-friendly fuel pricing system. Speaking during a meeting with key stakeholders from the petroleum industry, the minister described the reform as a major step towards…
The federal government has increased the prices of petroleum products after introducing a daily fuel pricing mechanism, replacing the previous weekly review system. According to a notification issued by the Petroleum Division, the revised prices took effect from midnight on Friday and will remain in force until Monday, July 20. Under the new rates, petrol…
China’s Shandong Xinxu Group has expressed strong interest in making large-scale investments in Pakistan’s energy sector, unveiling proposals that include deep-sea oil and gas exploration, refinery modernization, advanced drilling technologies, and the development of coastal energy cities. The proposals were discussed during a high-level meeting between Federal Minister for Petroleum Ali Pervaiz Malik and Shandong…
Pakistan’s Petroleum Division has proposed major relief measures for fuel consumers in its recommendations for the federal budget 2026-27, including reducing the petroleum levy target to Rs1 trillion and lowering the levy on petrol and diesel to Rs50 per litre while international oil prices remain high. According to reports, the recommendations have been submitted to…
ISLAMABAD: The federal government has announced that there will be no electricity or gas loadshedding during Sehr and Iftar timings throughout the holy month of Ramazan, ensuring uninterrupted utility services for fasting citizens across Pakistan. Federal Minister for Petroleum Ali Pervaiz Malik and Power Minister Awais Leghari made the announcement during a joint press conference,…
