ISLAMABAD: Pakistan has booked a liquefied natural gas cargo from France’s TotalEnergies SE at $18.40 per million British thermal units, a purchase intended to plug a looming supply shortfall for roughly a month, a petroleum ministry official said Monday.
Energy
Pakistan LNG importer secures three spot cargoes after 28-month hiatus as power shortfall widens
ISLAMABAD: Pakistan’s state-owned LNG importer secured three spot-market cargoes Friday after a gap of more than two years, as an acute power shortfall forced authorities to scramble for supplies ahead of the summer peak.
Pakistan raises petrol, diesel prices by Rs26.77 a liter in latest weekly adjustment
ISLAMABAD: The government increased the price of petrol and high-speed diesel by Rs26.77 a liter on Friday, the latest in a series of volatile fuel-price revisions triggered by the now-paused US-Israeli war on Iran.
Extra electricity outages sweep Pakistan after government promised limit of 2.25 hours a day
ISLAMABAD: The Power Division imposed longer electricity outages than it had promised just a day earlier after a sudden drop in hydropower generation widened the supply gap, triggering complaints from households and businesses across the country and forcing the government to issue a public apology on Wednesday.
Pakistan cuts diesel price by Rs135 a liter, petrol by Rs12 as Sharif hails ceasefire diplomacy
ISLAMABAD: Prime Minister Shehbaz Sharif announced on Friday that Pakistan will slash the price of high-speed diesel by Rs135 a liter and petrol by Rs12 a liter, passing on relief from falling global oil prices to consumers and farmers as a fragile Middle East ceasefire takes hold.
Pakistan economy on firmer footing but Middle East conflict clouds outlook, ADB warns
ISLAMABAD: Pakistan’s economy is expected to sustain its recovery over the next two years as manufacturing rebounds and private investment gathers pace, the Asian Development Bank said Friday, even as the escalating conflict in the Middle East poses “significant” risks to growth, inflation and external balances.
Nepra raises electricity tariffs by Rs1.42 a unit on February fuel costs
ISLAMABAD: The National Electric Power Regulatory Authority has increased electricity tariffs by Rs1.42 per unit under the monthly fuel-cost adjustment mechanism, reflecting higher fuel charges incurred in February 2026.
PIA suspends flights to Beijing, Kuala Lumpur and most Gulf routes as jet-fuel costs surge
ISLAMABAD: Pakistan International Airlines Ltd. is suspending flights to Beijing, Kuala Lumpur and most destinations in the Gulf, while sharply restricting service to the United Arab Emirates, as the carrier grapples with the fourth consecutive surge in jet-fuel prices triggered by the US-Israeli war on Iran.
Pakistan mobilises law enforcement to tackle suspected fuel hoarding as regulators draw fire for delayed data integration
ISLAMABAD: Pakistan’s Oil and Gas Regulatory Authority and state-owned Pakistan State Oil came under heavy criticism on Monday for their sluggish progress in automating and integrating real-time data on petroleum stocks and supplies, prompting the government to activate law-enforcement and investigative agencies to monitor retail outlets and stamp out hoarding.
Pakistan’s fuel subsidies win IMF nod, but distortions must go – report
ISLAMABAD: The International Monetary Fund has told Pakistan to eliminate distortions in petroleum pricing at the earliest opportunity, even though it has accepted the federal government’s decision to cap subsidies at 152 billion rupees amid a global price surge triggered by U.S.-Israeli strikes on Iran and the subsequent closure of the Strait of Hormuz.