10 h. ago OGRA launches second phase of digitizing Pakistan’s oil supply chain

The Oil and Gas Regulatory Authority (OGRA) has launched the second phase of its flagship initiative – Digitising Pakistan’s Oil supply chain. Building on the successful deployment of its online licensing system and the first phase of digitisation, OGRA has now initiated a comprehensive Track & Trace system in collaboration with the Punjab Information Technology […]

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20 h. ago Pakistan’s oil supply goes digital with OGRA’s track & trace

The Oil and Gas Regulatory Authority (OGRA) has taken a major step toward modernising Pakistan’s petroleum sector by launching the second phase of its oil supply chain digitisation project. This phase introduces a sophisticated Track & Trace system developed in collaboration with the Punjab Information Technology Board (PITB). The new system will monitor petroleum product […]

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59 h. ago Oil & gas production soars at OGDCL’s Rajian oilfield in Punjab

In a move towards enhancing oil and gas production, Oil and Gas Development Company Limited (OGDCL), one of Pakistan’s largest E&P, has significantly increased output at its Rajian-05 well in Punjab following the successful installation of an Electrical Submersible Pump (ESP). The listed company disclosed the development in its notice to the Pakistan Stock Exchange […]

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5 d. ago  US sanctions firms in Pakistan, India over Iranian oil trade links

The United States has imposed sanctions on six companies and multiple vessels for helping Iran sell and transport oil and petrochemical products. The blacklisted firms include those based in Pakistan, India, the UAE, and Panama. Washington says this step is part of its broader effort to apply economic pressure on Tehran and block its oil […]

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1 week ago Fuel prices likely to increase from july 1 in Pakistan amid global oil volatility

KARACHI – Fuel prices in Pakistan are expected to rise from July 1 due to surging global oil rates, although the hike may be softened if the government lowers petroleum levies temporarily. According to Arif Habib Limited (AHL), international diesel prices jumped 10.3% to $87.18 per barrel in the second half of June, while petrol […]

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2 w. ago Oil companies restrict fuel supply to petrol pumps amid stockpiling concerns

Oil companies across Pakistan have imposed a new restriction, banning the supply of petrol to fuel stations that exceeds their daily sales averages. The move aims to discourage hoarding amid rising demand. According to Dawn News, this step was taken to curb artificial shortages and panic buying. Companies will now provide petrol based only on […]

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2 w. ago Pakistan’s furnace oil exports jump 63%, lead petroleum export growth in FY25

KARACHI – Pakistan’s furnace oil (FO) exports soared 63% year-on-year, reaching 1.37 million tons during the first 11 months of the current fiscal year (11MFY25), making FO the top contributor to the country’s overall petroleum export growth. According to data from the Oil Companies Advisory Council (OCAC) and Arif Habib Limited (AHL), total petroleum exports—including […]

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3 w. ago Govt to enforce Rs77 petroleum levy and Rs5 carbon levy from july 1

The federal government will impose a Rs77 per litre petroleum levy and Rs5 per litre carbon levy on petrol, diesel, and furnace oil from July 1, 2025. This decision is part of Pakistan’s agreement with the International Monetary Fund (IMF) under the Resilience and Sustainability Facility (RSF) to promote climate resilience and stabilize the economy. […]

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3 w. ago Rising oil prices threaten Pakistan’s Rs 1.16 trillion petroleum levy goal

The federal government of Pakistan may miss its target to collect Rs 1,161 billion in petroleum levy this fiscal year. The recent surge in global oil prices, triggered by the Israel-Iran conflict, has pushed up fuel costs both internationally and domestically. This increase threatens the government’s expected revenue from fuel taxes. After Israel’s attacks on […]

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3 w. ago IMF rejection halts Pakistan’s $6 billion refinery upgrade plans

Pakistan’s plans to upgrade its oil refineries hit a roadblock after the IMF rejected key government proposals linked to tax relief. The proposals were designed to support $6 billion in investment aimed at producing cleaner, Euro-V standard fuels. This decision has stalled the upgrade projects, according to officials from the Petroleum Division. The government had […]

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3 w. ago Talha Waheed officially receives Guinness World Record certificate

LAHORE: Pakistan’s seasoned tennis star and Gas & Oil Pakistan Ltd. (GO Petroleum) brand ambassador, Talha Waheed, has been officially recognised by Guinness World Records for an extraordinary athletic feat. Talha set a new world record for the most successful tennis serves in one minute, achieving 59 accurate serves on November 8, 2024, at a […]

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3 w. ago Pakistani energy giants sign major offshore oil deal with ADNOC in Abu Dhabi

Pakistan’s top energy firms have signed a significant Production Concession Agreement (PCA) with the Abu Dhabi National Oil Company (ADNOC) for Offshore Block 5. The agreement allows a Pakistani consortium to explore and develop oil reserves in the UAE, marking a landmark entry into offshore energy production for Pakistan. The PCA was signed between ADNOC, […]

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