Oil, Gas and Refinery Sectors - updates

[ghazi52]

“A ministerial committee formed by the prime minister reviews the situation of petroleum products on a daily basis,” Sheikh told the meeting, adding that the government was trying to increase the use of existing reserves.

Senator Manzoor Ahmed said that the “entire benefit was passed on” to oil marketing companies. In response, the petroleum secretary said that the price hike had been adopted to stop the hoarding of petroleum and this “did not benefit oil marketing companies”.

Oil marketing companies continued to import despite the increase in prices, he added, saying that the move had “affected oil marketing companies across the country”.

Asked by Senator Hidayatullah about petroleum product prices before March 7 and the extent of their increase, Ogra officials said that diesel prices had risen by 100pc, while petrol had increased by 70pc.

The petroleum secretary added that “the government is working on a package to provide relief to motorcycles and rickshaws” and that they have taken measures which would “provide relief to the people”.

“60pc of India’s petrol imports have been affected … All countries are trying to ensure the safe supply of petrol,” he said, adding that two of Pakistan’s ships were also stuck in the Strait of Hormuz.

 

[ghazi52]

Officials said that there were two agreements in place for importing LNG from Qatar.

“LNG supply from Qatar has been completely stopped since March 2,” Ogra officials said. “Eight cargoes were scheduled to arrive in March, of which only two arrived, while six cargoes are expected in April.”

The officials added that Sui Southern Gas Company had cut gas supply to a fertiliser plant by 50pc, and gas supply to the power sector had been reduced from 300 million cubic feet per day (MMCFD) to 130 MMCFD.

Officials said LNG would not be available in the country after April 14, and the power sector’s gas requirements would not be met in April, adding that “the sector’s needs will be met from other sources”.

 

[ghazi52]

They further said that gas would be supplied to domestic consumers, while LNG could be purchased from the State Oil Company of the Azerbaijan Republic (Socar). However, spot purchases would cost $24 per unit, while gas from Qatar is available at $9 per unit. “This will make electricity more expensive,” they added.

On Sunday, the government also increased the price of kerosene oil by another Rs40 per litre and approved a Rs23 billion price differential subsidy for payments to oil marketing companies to keep the prices of petrol and high-speed diesel (HSD) unchanged for the current week.

Last week, Prime Minister Shehbaz Sharif announced that petroleum prices would remain unchanged for the current review period, stressing that the decision was aimed at easing the financial burden on the public.

 

[Fatman17]

Pakistan has sufficient petrol reserves for 27 days and diesel reserves for 21 days, Petroleum Secretary Hamed Yaqoob Sheikh said on Monday while addressing a meeting of the Senate Standing Committee on Petroleum.

The standing committee, chaired by Senator Manzoor Ahmed, was meeting after the government announced a Rs55 per litre hike in the prices of both petrol and high-speed diesel in response to tensions in the Middle East.

Read more: https://www.dawn.com/news/1982647/

 

[Fatman17]

Middle East Crisis Could Triple Pakistan’s Oil Import Bill | OilPrice.com

Rising oil prices from the Middle East conflict could heavily impact Pakistan, which imports over 80% of its oil.

search.app

ME crisis and Pakistan import bill

 

[ghazi52]

Govt raises kerosene, LDO prices by upto Rs68​

Levy on petrol will remain at Rs105.37 per litre, while the levy on diesel will stay at Rs55.24 per litre

ZAFAR BHUTTA
March 16, 2026

Kerosene oil.

ISLAMABAD: The federal government has increased the prices of kerosene oil and light diesel oil (LDO) while deciding to keep petrol and high-speed diesel prices unchanged by maintaining the petroleum levy and providing a subsidy to absorb rising costs.

According to the Ministry of Energy (Petroleum Division), the price of kerosene oil has been increased by Rs39.20 per litre, setting the new rate at Rs358.01 per litre.

In a separate adjustment, the government has also raised the price of light diesel oil by Rs67.51 per litre. The new price of light diesel oil has been fixed at Rs302.52 per litre, compared to the previous price of Rs235.01 per litre.


At the same time, the government has decided to maintain the existing petroleum levy on petrol and diesel. The levy on petrol will remain at Rs105.37 per litre, while the levy on diesel will stay at Rs55.24 per litre.

 

[ghazi52]

Officials said that in order to keep petrol and diesel prices stable for consumers, the government will provide a subsidy of Rs23 billion for a one-week period from March 14 to March 20. Under this arrangement, the government will pay a subsidy of Rs49.63 per litre on petrol and Rs75.05 per litre on high-speed diesel.

The subsidy will be paid to oil marketing companies in the form of price differential claims to compensate them for the difference between market prices and the retail rates maintained by the government.

 

[ghazi52]

The Ministry of Energy said the payments will be made through the Oil and Gas Regulatory Authority (OGRA), which will handle the disbursement of the Rs23 billion. The authority will also implement a mechanism for verification and audit of invoices submitted by oil marketing companies before clearing the claims.

Meanwhile, the Finance Division has obtained cabinet approval for the establishment of a "Prime Minister's Austerity Fund" to support such financial measures. The Economic Coordination Committee (ECC) has approved the transfer of Rs27.10 billion to the fund, from which the subsidy payments will be made.

 

[Fatman17]

https://search.app/qAyfw

Pakistan oil 🛢 tanker

 

[hydrabadi_arab]

Petrol reserves sufficient for 27 days, diesel for 21: petroleum secretary tells Senate committee​

https://whatsapp.com/channel/0029VaMc238IiRov8okfYy3n
ISLAMABAD: Pakistan has sufficient petrol reserves for 27 days and diesel reserves for 21 days, Petroleum Secretary Hamed Yaqoob Sheikh said on Monday while addressing a meeting of the Senate Standing Committee on Petroleum.

The standing committee, chaired by Senator Manzoor Ahmed, was meeting after the government announced a Rs55 per litre hike in the prices of both petrol and high-speed diesel amid the ongoing Middle East conflict, which has resulted in a fuel crunch.

The secretary added that jet fuel (JP1) reserves were available for 14 days, crude oil reserves for 11 days and liquefied natural gas (LNG) reserves for nine days.

Additionally, he informed the committee that the import of oil of quality below Euro 5 standard had now been allowed.


Sheikh said that 70 per cent of Pakistan’s petrol comes from the Middle East, and due to the suspension of ship movements affecting supply, prices have increased.

The price of high-speed diesel rose from $88 to $187, while petrol increased from $74 to $130, he added.

“A ministerial committee formed by the prime minister reviews the situation of petroleum products on a daily basis,” Sheikh told the meeting, adding that the government was trying to increase the use of existing reserves.

Senator Manzoor Ahmed said that the “entire benefit was passed on” to oil marketing companies. In response, the petroleum secretary said that the price hike had been adopted to stop the hoarding of petroleum, and this “did not benefit oil marketing companies”.

Oil marketing companies continued to import despite the increase in prices, he added, saying that the move had “affected oil marketing companies across the country”.

Asked by Senator Hidayatullah about petroleum product prices before March 7 and the extent of their increase, Ogra officials said that diesel prices had risen by 100pc, while petrol had increased by 70pc.

The petroleum secretary added that “the government is working on a package to provide relief to motorcycles and rickshaws” and that they have taken measures which would “provide relief to the people”.

“Sixty per cent of India’s petrol imports have been affected … All countries are trying to ensure the safe supply of petrol,” he said, adding that two of Pakistan’s ships were also stuck in the Strait of Hormuz.

Officials said that there were two agreements in place for importing LNG from Qatar.

“LNG supply from Qatar has been completely stopped since March 2,” Ogra officials said. “Eight cargoes were scheduled to arrive in March, of which only two arrived, while six cargoes are expected in April.”

The officials added that Sui Southern Gas Company had cut gas supply to a fertiliser plant by 50pc, and gas supply to the power sector had been reduced from 300 million cubic feet per day (MMCFD) to 130 MMCFD.

Officials said LNG would not be available in the country after April 14, and the power sector’s gas requirements would not be met in April, adding that “the sector’s needs will be met from other sources”.

They further said that gas would be supplied to domestic consumers, while LNG could be purchased from the State Oil Company of the Azerbaijan Republic (Socar). However, spot purchases would cost $24 per unit, while gas from Qatar is available at $9 per unit. “This will make electricity more expensive,” they added.

On Sunday, the government also increased the price of kerosene oil by another Rs40 per litre and approved a Rs23 billion price differential subsidy for payments to oil marketing companies to keep the prices of petrol and high-speed diesel (HSD) unchanged for the current week.

Last week, Prime Minister Shehbaz Sharif announced that petroleum prices would remain unchanged for the current review period, stressing that the decision was aimed at easing the financial burden on the public.

 

[hydrabadi_arab]

Petrol reserves sufficient for 27 days, diesel for 21: petroleum secretary tells Senate committee​

https://whatsapp.com/channel/0029VaMc238IiRov8okfYy3n
ISLAMABAD: Pakistan has sufficient petrol reserves for 27 days and diesel reserves for 21 days, Petroleum Secretary Hamed Yaqoob Sheikh said on Monday while addressing a meeting of the Senate Standing Committee on Petroleum.

The standing committee, chaired by Senator Manzoor Ahmed, was meeting after the government announced a Rs55 per litre hike in the prices of both petrol and high-speed diesel amid the ongoing Middle East conflict, which has resulted in a fuel crunch.

The secretary added that jet fuel (JP1) reserves were available for 14 days, crude oil reserves for 11 days and liquefied natural gas (LNG) reserves for nine days.

Additionally, he informed the committee that the import of oil of quality below Euro 5 standard had now been allowed.


Sheikh said that 70 per cent of Pakistan’s petrol comes from the Middle East, and due to the suspension of ship movements affecting supply, prices have increased.

The price of high-speed diesel rose from $88 to $187, while petrol increased from $74 to $130, he added.

“A ministerial committee formed by the prime minister reviews the situation of petroleum products on a daily basis,” Sheikh told the meeting, adding that the government was trying to increase the use of existing reserves.

Senator Manzoor Ahmed said that the “entire benefit was passed on” to oil marketing companies. In response, the petroleum secretary said that the price hike had been adopted to stop the hoarding of petroleum, and this “did not benefit oil marketing companies”.

Oil marketing companies continued to import despite the increase in prices, he added, saying that the move had “affected oil marketing companies across the country”.

Asked by Senator Hidayatullah about petroleum product prices before March 7 and the extent of their increase, Ogra officials said that diesel prices had risen by 100pc, while petrol had increased by 70pc.

The petroleum secretary added that “the government is working on a package to provide relief to motorcycles and rickshaws” and that they have taken measures which would “provide relief to the people”.

“Sixty per cent of India’s petrol imports have been affected … All countries are trying to ensure the safe supply of petrol,” he said, adding that two of Pakistan’s ships were also stuck in the Strait of Hormuz.

Officials said that there were two agreements in place for importing LNG from Qatar.

“LNG supply from Qatar has been completely stopped since March 2,” Ogra officials said. “Eight cargoes were scheduled to arrive in March, of which only two arrived, while six cargoes are expected in April.”

The officials added that Sui Southern Gas Company had cut gas supply to a fertiliser plant by 50pc, and gas supply to the power sector had been reduced from 300 million cubic feet per day (MMCFD) to 130 MMCFD.

Officials said LNG would not be available in the country after April 14, and the power sector’s gas requirements would not be met in April, adding that “the sector’s needs will be met from other sources”.

They further said that gas would be supplied to domestic consumers, while LNG could be purchased from the State Oil Company of the Azerbaijan Republic (Socar). However, spot purchases would cost $24 per unit, while gas from Qatar is available at $9 per unit. “This will make electricity more expensive,” they added.

On Sunday, the government also increased the price of kerosene oil by another Rs40 per litre and approved a Rs23 billion price differential subsidy for payments to oil marketing companies to keep the prices of petrol and high-speed diesel (HSD) unchanged for the current week.

Last week, Prime Minister Shehbaz Sharif announced that petroleum prices would remain unchanged for the current review period, stressing that the decision was aimed at easing the financial burden on the public.

Nothing to worry about

"The first non-Iranian cargo vesselIs a ship named Karachi and owned and operated by state-run Pakistan National Shipping Corporation - it is carrying a Abu Dhabi crude"

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

We got this.

 

[ghazi52]

 

[ghazi52]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

 

[Proud Thamizhan]

so why are u in pakistan forum then??

jeez , its like talking to a teenage girl

those r matters u should mull over so u develop mentally.

 

[ghazi52]

Pakistan fully secures fuel supply for March, petrol price committee told​

Pakistan has diesel reserves for 21 days, petrol for 27 days, Senate panel informed

Zaigham Naqvi
March 16, 2026

The Committee to Monitor Petrol Prices meets at the Finance Division on Monday. PHOTO: Ministry of Finance/X

ISLAMABAD: The Committee to Monitor Petrol Prices was informed on Monday that the country had adequate fuel availability for March and coverage was available until mid-April based on current cargo planning and supply arrangements with efforts underway to extend it further towards the end of next month.

Earlier this month, the government sharply increased diesel and petrol prices by Rs55 per litre or 20% — due to the ongoing US-Israel and Iran war, which has disrupted supply chains and pushed crude oil prices to two years’ highest level.

The increase in petrol prices was more than the surge in the international market, as the government chose to collect more than required money from motorcyclists and car owners to subsidise the use of diesel mostly by the public transport and the agriculture sector.