Oil, Gas and Refinery Sectors - updates

Pakistan's weekly oil bill reached $800m amid Middle East war: PM Shehbaz​

News Desk
April 29, 2026

Prime Minister Shehbaz Sharif on Wednesday said that the country’s weekly oil bill has reached $800 million due to the ongoing oil crisis arising from the Middle East conflict.

Global fuel prices have skyrocketed over the past two months as shipping through the Strait of Hormuz remains paralysed since the US and Israel launched joint strikes on Iran on February 28.

Addressing a meeting of the federal cabinet today, PM Shehbaz commended the efforts of Petroleum Minister Ali Pervaiz Malik for tackling the fuel crisis resulting from the Iran war, stating that the situation now appeared “satisfactory”.

On that note, the prime minister remarked that fuel prices in the global markets had risen sharply, noting that “our weekly pre-war oil bill was around $300m, and today it is up to $800m”.

He further shared that the country’s fuel consumption “had lessened compared to previous weeks”, stressing that the situation was being monitored regularly.

“Consultations are also being held with provinces to extend fuel subsidies,” the premier told the cabinet.
 
hydrabadi_arab said:
Two nuclear plants should have been build in punjab for base load instead of LNG.

N league disastrous IPPs still need 5-6 years more of high capacity payments to pay off debt.
Click to expand...
after 5 to 6 years would our energy price go down?
 

Pakistan receives much-needed LNG cargo amid global energy crisis​

Cargo carrying 140,000 cubic metres of LNG marks first shipment to reach country in almost two months​

Khalid Mustafa
Published May 01, 2026

This representational file photo shows a fisherman standing in his boat as a liquid natural gas tanker (LNG) passes the coast near Havana. — Reuters


This representational file photo shows a fisherman standing in his boat as a liquid natural gas tanker (LNG) passes the coast near Havana. — Reuters
  • Efforts continue to secure four stranded cargoes from Qatar.
  • Arrival comes at critical time, offering relief to power sector.
  • Power Division confirms zero load management as of April 30.
After a gap of almost two months, Pakistan’s energy sector witnessed a relief as LNG carrier Seapeak Magellan docked at the Pakistan GasPort terminal and started feeding re-gasified LNG (RLNG) into the national network, The News reported on Friday.

Carrying around 140,000 cubic metres of LNG, the vessel berthed at the terminal operated by Pakistan GasPort Consortium Limited on Thursday morning.
 
  • Petrol price jumped from Rs393.35 to 399.86.
  • HSD price now stands at Rs399.58 per litre.
  • Rs28.69 per litre levy imposed on diesel.
 
ghazi52 said:

Pakistan receives much-needed LNG cargo amid global energy crisis​

Cargo carrying 140,000 cubic metres of LNG marks first shipment to reach country in almost two months​

Khalid Mustafa
Published May 01, 2026

This representational file photo shows a fisherman standing in his boat as a liquid natural gas tanker (LNG) passes the coast near Havana. — Reuters


This representational file photo shows a fisherman standing in his boat as a liquid natural gas tanker (LNG) passes the coast near Havana. — Reuters
  • Efforts continue to secure four stranded cargoes from Qatar.
  • Arrival comes at critical time, offering relief to power sector.
  • Power Division confirms zero load management as of April 30.
After a gap of almost two months, Pakistan’s energy sector witnessed a relief as LNG carrier Seapeak Magellan docked at the Pakistan GasPort terminal and started feeding re-gasified LNG (RLNG) into the national network, The News reported on Friday.

Carrying around 140,000 cubic metres of LNG, the vessel berthed at the terminal operated by Pakistan GasPort Consortium Limited on Thursday morning.
Click to expand...



Yippee!!! now no one can stop Pakistan from becoming a global economic super giant (sic)

Seriously I weep for what the ruling class has done to this country😭
 

Pakistan-bound tanker exits Strait of Hormuz with Kuwait diesel: report​


BR
May 1, 2026

A Pakistani tanker laden with diesel from Kuwait was seen transiting out of the Strait of Hormuz, a rare event in the blockaded waterway, reported Bloomberg.

The tanker, the Khairpur, commenced its journey on Thursday along the Tehran-approved northern route near Qeshm and Larak islands, reported Bloomberg, citing its vessel-tracking data.

The vessel, operated by Khairpur Shipping Private Limited, is moving towards Pakistan’s port city of Karachi and is expected to arrive on May 4.

The Khairpur tanker was loaded with about 511,000 barrels of diesel at Kuwait’s Mina Al Ahmadi port, according to data from intelligence firm Kpler, read the report.

Last month, Pakistani-flagged tanker Shalamar exited the Gulf via the Strait of Hormuz carrying crude loaded from the United Arab Emirates. The Aframax tanker exited the waterway laden with about 440,000 barrels of Abu Dhabi’s Das Blend crude.
 
Fatman17 said:
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Pakistan should look to see if it can use any of its mountain ranges to store this oil, same way that the USA does. These installations are a military target for any potential kick-off with India in the future etc.
 
Ali_Baba said:
Pakistan should look to see if it can use any of its mountain ranges to store this oil, same way that the USA does. These installations are a military target for any potential kick-off with India in the future etc.
Click to expand...


Oil and gas are normally stored in salt caverns like our salt range for example or in depleted oil and gas fields

During the PTI tenure when oil prices crashed to below zero a plan was formulated to make heavy oil and gas purchases and store them in khorewah and bukhari fields in badin but was stifled by the bureaucratic red tape
 
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