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Pakistan’s national oil company cuts foreign debt by $400 million
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Pakistan’s national oil company cuts foreign debt by $400 million

In its annual general meeting, the company said a trading subsidiary will be formed to improve procurement

Pakistan’s retail oil market set for double-digit growth in FY26
Business

Pakistan’s retail oil market set for double-digit growth in FY26

Sherman Securities forecasts up to 20% rebound in retail fuel sales as government cracks down on smuggling and stabilizes pricing

Pakistan imposes new climate levy on fuel, offsetting part of petroleum tax
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Pakistan imposes new climate levy on fuel, offsetting part of petroleum tax

New levy replaces part of PDL, which is cut by PKR 2.50 to PKR 75.52/liter for petrol and PKR 74.51 for diesel.

Refineries and OMCs advised to stockpile fuel amid escalating regional tensions
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Refineries and OMCs advised to stockpile fuel amid escalating regional tensions

Ministry of energy calls for enhanced production and safety measures to support defense forces

Iran fuel smuggling resurges in Pakistan, undermining economy and security
India

Iran fuel smuggling resurges in Pakistan, undermining economy and security

Smuggling of Iranian fuel is putting increasing pressure on Pakistan's economy, contributing to losses of $1.65 billion annually

Pakistan fuel prices likely to be cut by up to PKR 9.6 per liter
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Pakistan fuel prices likely to be cut by up to PKR 9.6 per liter

This is due to the decline in international crude oil prices

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