Oil, Gas and Refinery Sectors - updates

[Vikramaditya1]

Has to pass the Houthis. One missile and thats it.
An Aircraft carrier would have been nice like right now.

Costs $4-5 billion to build. In active deployment costs $1 million per hour. Costs anywhere from $100million -$200m a year. Not including Aircrafts with enhanced protection against salt and rust that's additional millions.

 

[Sparten]

Costs $4-5 billion to build. In active deployment costs $1 million per hour. Costs anywhere from $100million -$200m a year. Not including Aircrafts with enhanced protection against salt and rust that's additional millions.

.....and? Your point?

 

[Fatman17]

Petrol, Diesel Prices to Skyrocket in Pakistan Before Next Fortnightly Update

Pakistan is preparing to shift to weekly petroleum price revisions and compensate oil marketing companies for surging insurance and freight costs as the

propakistani.pk

 

[SoulSpokesman]

@Sparten

Has to pass the Houthis. One missile and thats it.

Doubt that Houthis would fire a missile at a tanker carrying fuel to friendly Muslim country like Pakistan.

Regards

 

[Fatman17]

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[ghazi52]

Oil falls but set for steepest weekly gain since 2022​

Analysts note that halted activities in Hormuz will have two major impacts on oil: the inability to store 20 million barrels per day and the lack of flow to the world, which could drive global energy prices higher.

 

[ghazi52]

ECC approves Rs3b gas supply schemes for villages near production fields​

Web Desk

Also okays NDMA summary seeking Rs3.63b for reimbursement of flood operations expenditures and overseas assistance
https://tribune.com.pk/story/259616...y-schemes-for-villages-near-production-fields

 

[ghazi52]

PM directs provinces to take legal action against petroleum hoarders​

Web Desk

Orders establishment of a dashboard to monitor movement of petroleum products in real time

 

[ghazi52]

Govt weighs 4-day workweek amid fuel fears​

Shahbaz Rana

Cabinet committee mulls Covid-style curbs as Iran war triggers crisis
https://tribune.com.pk/story/2596078/govt-weighs-4-day-workweek-amid-fuel-fears

 

[ghazi52]

PM Shehbaz told sufficient POL stocks available for now​

• Petroleum Ministry provides a detailed assessment of the country’s fuel stocks

Zulfiqar Ahmad
March 7, 2026

ISLAMABAD: Prime Minister Shehbaz Sharif was informed on Friday that Pakistan’s petroleum reserves are sufficient to withstand the ongoing crisis in the Middle East, despite signs of sharp volatility in global oil and gas markets following escalating military actions involving Iran.

In a high-level meeting chaired by the Prime Minister, officials from the Petroleum Ministry provided a detailed assessment of the country’s fuel stocks, confirming that domestic reserves remain adequate despite the precarious regional situation.

According to sources, the prime minister also approved a proposal to adjust petroleum product prices on a weekly basis.

Additionally, the PM directed that recommendations on online work and work-from-home policies be submitted on Monday, following consultations with the provinces.

Finance Minister Muhammad Aurangzeb briefed the prime minister on fuel stocks and consumption.

 

[PakSword]

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[RocketLaw]

Meanwhile in India

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NEW:

India who decided to support Israel and the US instead of it’s BRICS partners was buying cheap discounted oil from Russia.

Then US stepped in and ordered India to stop buying Russian oil and buy from others like Venezuela instead.

Modi kneeled and agreed and then began reducing its purchases of Russian oil.

After the war and global oil crisis, America gave India “permission” to buy Russian oil again for 30 days.

India then went back to Russia to buy oil.

Russia replied, we’ll sell oil, but now at higher prices and with no discounts like before.

 

[Fatman17]

Three petroleum shipments are expected to reach Pakistan by tomorrow, Petroleum Minister Ali Pervaiz Malik informed a briefing called to discuss rising global oil prices and fuel reserves amid the widening Middle East conflict on Sunday.

The meeting attended by Finance Minister Muhammad Aurangzeb and Sindh Chief Minister Murad Ali Shah comes a day after Prime Minister Shehbaz Sharif directed the finance and petroleum ministers to work with provincial governments on a strategy to conserve and ensure uninterrupted supply of petroleum products amid fuel shortage concerns sparked by the Israel-Iran war.

Read more: https://www.dawn.com/news/1979807

 

[Psyko70]

If shipments are coming, will we see price decrease ?

 

[ghazi52]