gas News

OGRA declares gas price hike effective July 1

The Oil and Gas Regulatory Authority (OGRA) has declared a substantial hike in gas prices across domestic and other consumer categories, with the revised tariffs set to take effect from July 1, 2025.

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Pakistan, Azerbaijan vow to boost energy ties

Pakistan and Azerbaijan reaffirmed their commitment to strengthening bilateral relations, particularly in the energy sector...

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Govt implements grid levy ordinance, 2025 for captive power plants

The government has directed the imposition and collection of levy under the Grid (Captive Power Plants) Levy Ordinance, 2025...

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ECC approves gas tariff hike for industry, rejects domestic increase

The Economic Coordination Committee (ECC) has decided not to increase the gas tariff for domestic consumers while endorsing a hike in the tariff for captive...

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PM orders uninterrupted gas supply for winter

Domestic consumers in Pakistan have raised concerns over a gas shortage, Prime Minister Shehbaz Sharif took notice of the complaints on Friday...

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PPL unveils new gas discovery in Shah Bandar block

Pakistan Petroleum Limited (PSX: PPL) has identified a new exploratory zone/formation in Upper Sand (C-Sand), where a gas/condensate discovery...

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E&P committee agrees to sell 35% of unallocated gas volumes

In a major development, the Exploration & Production Committee has reached an in-principle agreement to submit a long-awaited framework to the National...

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SNGPL dismisses reports of low gas pressure in Rawalpindi

SNGPL has refuted reports of gas shortages or low pressure in Rawalpindi, assuring consumers of uninterrupted supply, especially during peak meal times...

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OGDC's profit collapse sinks Oil & Gas sector in Q4FY24

Oil & Gas Development Company Limited (PSX: OGDC), the leading Force in Pakistan's Oil and Gas Exploration sector, posted a substantial drop in its quarterly...

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Gas suspension under IMF agreement to trigger widespread industry closures

The government’s decision to suspend gas supply to Captive Power Plants (CPPs) by 2025 under the IMF agreement could lead to the widespread closure of medium...

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ECC elevates industrial gas use, lowers captive power priority

The Economic Coordination Committee (ECC) approved an amendment to the existing gas allocation priorities in its meeting yesterday, as per which, gas...

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Gas tariff to remain unchanged for 3 months: Minister

Minister for Petroleum Musadik Masood Malik on Tuesday said that the current gas tariff would remain unchanged until the winter months of December and January..

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PMEX trading activity edges lower to Rs22.8bn

The trading activity at Pakistan Mercantile Exchange (PMEX) decreased by 3.18% DoD on Tuesday to clock in at Rs22.85 billion...

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Gas rates for industry hiked by 9%

The government on Sunday increased gas rates for industrial captive power units by Rs250 or 9.1% per unit with effect from July 01, 2024...

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Gas supply halt in DHA, Korangi on June 23 for pipeline hook-up

Sui Southern Gas Company (SSGC) announced today that the gas supply will be completely suspended on Sunday, June 23, 2024, from 8 am to 8 pm (12 hrs duration...

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SSGC imposes 24-hour gas holiday for Sindh industries, CNG stations

Sui Southern Gas Company (PSX: SSGC) has announced a 24-hour gas holiday for all industries, including their power generation units, and all CNG...

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ECC approves Rs2.16bn to cover Pakistan Steel Mill's gas bills

The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved the request from the Industries and Production Division to release...

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IMF urges swift gas tariff adjustment for June

The International Monetary Fund (IMF) has asked for continued timely gas tariff determinations and notifications within their required 40-day window...

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Pakistan seeks US leniency on Iran gas pipeline sanctions

Pakistan plans to ask the US to relax possible sanctions around a natural gas pipeline project from neighboring Iran...

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Pakistan stands firm on Iran-Pakistan gas pipeline project

Pakistan has reaffirmed its commitment to Iran Pakistan gas pipeline project as the Foreign Office Spokesperson Mumtaz Zahra Baloch on Thursday...

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Massive crackdown on energy, gas theft ordered by govt, FIA tasked with enforcement

To tackle the rising electricity and gas theft across the country, the government has directed the Federal Investigation Agency (FIA) to launch a massive.....

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Fitch slashes 2024 gas price forecast on weaker demand, ample supply

Fitch Ratings has cut its 2024 gas price assumptions due to weaker demand and ample supply expectations in the....

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IMF unlikely to approve 9 cents/kWh tariff for industrial sector: Energy Minister

The government’s plan to reduce the power tariff at 9 cents/kWh for industrial consumers will not be approved by the International Monetary Fund (IMF)...

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OGRA launches crack down against black marketing of LPG in Ramadan

In response to increased black marketing of LPG during Ramadan, the Oil and Gas Regulatory Authority (OGRA) has launched a crackdown against illegal...

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SSGC announces gas timings for Ramadan

Sui Southern Gas Company Limited (PSX: SSGC) has unveiled the gas timings for the Holy month of Ramadan starting from Tuesday, March 12, according to...

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APTMA strongly rejects increase in gas tariff

In response to the escalating gas tariffs, the Southern Zone of the All Pakistan Textile Mills Association (APTMA) has strongly rejected the 3.23x hike...

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SNGP approves 25:75 gas & RLNG blend for industrial sector

Sui Northern Gas Pipelines Limited (PSX: SNGP) has accorded approval for supplying a 25:75 blend of indigenous gas and RLNG to the Entire Industrial Sector...

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Pakistan, Iran begin construction of multi-billion dollar oil & gas pipeline

Pakistan and Iran have initiated the construction of the multi-billion dollar oil and gas pipeline, spanning 800 kilometers from the Iranian border to....

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Engro Fertilizers raises urea price by Rs740 amid gas hike

 Engro Fertilizers Limited (PSX: EFERT) has increased the dealer transfer price of Urea by Rs740 per bag, less than market expectations...

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Pakistan is emphasizing piped gas to tackle rising energy needs: Energy Minister

Pakistan is focusing on piped gas and considers it crucial to meet the energy needs of the country, the Federal Minister for Energy Muhammad Ali...

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Govt approves work on Pakistan-Iran gas pipeline

Pakistan is moving ahead to build a pipeline that will transport natural gas from Iran, a move it says is needed to meet the country’s energy needs but...

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CCoE gives nod for pipeline construction from Pakistan Border to Gwadar

The Cabinet Committee on Energy (CCoE) on Friday approved the commencement of work on the 80 km segment of the pipeline from the Pakistan border up to..

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Pakistan increase gas prices (again) but structural changes still needed

The outgoing caretaker government increased gas prices - not only to meet IMF's conditions but also - to move the sector to a sustainable pace...

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Pakistan textile industry warns of shutdowns amid energy crisis

Pakistan's textile and apparel sector is facing an existential threat from soaring energy costs and power shortages, and more than half of the industry is at...

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Petroleum Division refutes media claims of 25% gas price hike approval

The Council of Common Interest (CCI) has refuted media reports claiming that the entity approved a 25% hike in the sale price of gas...

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Govt, IMF begin talks on circular debt resolution

The long-awaited negotiations between the government and the International Monetary Fund (IMF) regarding the settlement of the energy sector's circular debt...

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Shipping disruptions to sustain geopolitical premium in commodity markets

Shipping disruptions and re-routing away from the Red Sea will maintain the geopolitical premium in the main commodity markets, including for oil...

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IMF asks for another adjustment in gas prices

The International Monetary Fund (IMF) has asked for another gas tariff adjustment in accordance with the Oil and Gas Regulatory Authority (OGRA)'s December...

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SSGC announces 48-hour halt in industrial, CNG gas supply

Sui Southern Gas Company Limited (PSX: SSGC) has announced the discontinuation of gas supply to industries, power generation installations in factories...

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RLNG prices surged by over 10% for December

Regassified Liquefied Natural Gas (RLNG) prices for the month of December 2023 surged by 9.76% and 10.09% for Sui Northern Gas Pipelines Limited (SNGPL...

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SSGC to provide blended RLNG, indigenous gas for both export, non-export consumers

Upon receiving authorization from the Economic Coordination Committee (ECC), Sui Southern Gas Company Limited (SSGC) has decided to mix indigenous....

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SNGPL seeks gas price increase of Rs506/MMBTU, citing revenue shortfall

Sui Northern Gas Pipelines Limited (SNGPL) appealed to the Oil and Gas Regulatory Authority (OGRA) on Wednesday for an increase....

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Govt committed to ensure gas supply for fertilizer plants in winter: Energy Minister

The government is committed to ensuring uninterrupted gas supply to all fertilizer plants throughout the current winter season to maximize fertilizer...

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Govt denies reports of widespread industrial shutdown across Sindh, Balochistan

The Ministry of Industries and Production has refuted claims asserting that approximately 90% of industries in seven industrial zones of Karachi...

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LPG prices increased by Rs3.82 per kg

The Oil and Gas Regulatory Authority (OGRA) has increased the price of Liquefied Petroleum...

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Govt to hike gas prices from January 2024: Shamshad Akhtar

The government plans to increase gas prices starting January 2024, caretaker finance minister Dr Shamshad Akhtar stated while addressing the media on Thursday..

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Pakistan's gas subsidy structure defies international standards: Muhammad Younus Dagha

Worldwide gas tariff for industries is subsidized while the residential consumers are subjected to higher costs but unfortunately....

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SNGP reports 11% YoY profit dip at Rs8.4bn for nine months ended March 2023

Sui Northern Gas Pipelines Limited (PSX: SNGP) has revealed its financial results for the nine months March 2023, as per which the.....

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OGRA announces new gas prices effective from November

After a long-awaited decision on the gas price hike, the Oil and Gas Regulatory Authority (OGRA) has finally issued a notification regarding the increase...

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Muhammad Ali highlights challenges, opportunities in energy sector

The government was making all-out efforts to make lives and businesses easier for people by providing them with imported LNG for energy...

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Gas tariff hike sparks outrage among industries

The industrial sector in Karachi has expressed its strong opposition to the recent increase in gas tariff by the government, which they claim will make their...

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LPG prices slashed by Rs9.96 per kg

The price of Liquefied Petroleum Gas (LPG) has been slashed by Rs9.96 per kg, the latest notification issued by the Oil and Gas Regulatory....

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Gas companies face huge losses as prices remain stagnant

The gas companies have suffered a massive loss of Rs879 billion in the last 10 years, up from Rs18bn in 2013-14, due to the failure to increase the gas...

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ECC approves revised gas prices for FY24

The Economic Coordination Committee (ECC) on Monday approved the revised natural gas sale pricing for different categories of consumers for the FY24...

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ECC’s gas pricing reforms a step towards economic growth: APTMA

The All Pakistan Textile Mills Association (APTMA) has welcomed the Economic Coordination Committee's (ECC) long-awaited decision on gas/RLNG pricing reforms...

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ECC approves gas tariff hike of up to 2.93x, effective from November 01

The Economic Coordination Committee (ECC), in its meeting held on Monday, discussed and approved the Ministry of....

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ECC to revise national gas sale pricing

The Economic Coordination Committee (ECC) of the Cabinet, in its meeting which is scheduled to be held today at 1700 hours, will discuss the revision of...

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Govt to raise gas tariff by up to Rs2,900/MMBtu (up by 2.93x)

With the objective of generating surplus revenue beyond the requirements of SUI companies, the Petroleum Division of the Ministry of Energy...

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ECC sets to approve gas price hike of up to 2.93x

The country is bracing itself for an impending surge in gas prices, with the government set to increase prices by up to 2.93x on the back of a surging...

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Gas prices likely to double amid circular debt crisis

The country is bracing itself for an impending surge in gas prices of up to 100% on the back of an uncontrollable circular debt...

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Israel-Palestine conflict sends European gas prices soaring

European natural gas futures soared amid the Israel-Palestine conflict that unfolded during the weekend, the rally was further extended after Israel ordered....

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Govt plans to hike gas prices, privatize DISCOs to tackle circular debt: Energy Minister

Circular debt has been a persistent challenge in Pakistan's energy sector, to address this the government is planning to increase gas prices...

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Gas price delay becomes elephant in the room

As the International Monetary Fund (IMF) review approaches, the delay in gas price decision has become the burning question...

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LPG prices increased by Rs20.86 per kg

The price of Liquefied Petroleum Gas (LPG) has been raised by Rs20.86 per kg...

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EPCL, SSGC extend gas supply agreement till mid-October

Engro Polymer & Chemicals Limited (PSX: EPCL) and Sui Southern Gas Company Limited (PSX: SSGC) have agreed to extend the term for the supply of gas up...

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Government expected to address gas prices soon

The gas price hike in Pakistan has become a significant point of discussion in recent weeks, particularly as the International Monetary Fund (IMF) review...

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Circular debt reaches Rs5.4tr

Pakistan’s circular debt has surged to an alarming level of Rs5.4 trillion, Muhammad Ali, Caretaker Minister for Energy, Power & Petroleum stated...

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Oil, gas production declines by 0.6%, 0.3% in a week

Hydrocarbon oil production for the week ended September 08, 2023, stood at 69,552 barrels of oil per day (BPD), down by 0.6% WoW as compared to 69,938...

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Gas price hike possible amid circular debt crisis

Given the pressing concerns regarding the circular debt, it is deemed necessary to increase gas prices across the board as a vital step towards addressing the..

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World must invest in oil and gas to avoid price spikes: BP

Global oil major BP said the world must invest in the production of oil and gas to avoid sharp price spikes while accelerating the energy transition to...

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Gas supply in Sindh to be halted for 48 hours

The Sui Southern Gas Company (SSGC) has announced that it will halt the gas supply to all industries and power plants in Sindh province for 48 hours from...

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WACOG: A ray of hope for Pakistan's gas sector circular debt

Amidst the increasing circular debt burden in the gas sector worth Rs1.6 trillion, the concept of Weighted Average Cost of Gas (WACOG) emerges as a...

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European gas futures rise 20% on LNG supply concerns

European natural gas futures soared today as the possibility of worker strikes at some Australian facilities raised the risk of LNG supply disruptions...

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EPCL enters into supplemental agreement with SSGC for gas supply

The management of Engro Polymer & Chemicals Limited (PSX: EPCL) has announced that the company has entered into Supplemental Agreement with Sui Southern Gas...

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Govt targets Rs415bn reduction in gas circular debt

The government is taking measures to address the mounting gas circular debt that has surged to Rs1.6 trillion, in accordance with the conditions set by the...

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US to spend $1.55bn on curbing oil, gas methane emissions

The U.S. government will provide up to $1.55 billion in funding to monitor and reduce methane emissions from the oil and gas sector...

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Oil production increases 2.3% WoW, Gas production inches down 0.1%

Hydrocarbon oil production for the week ended July 16, 2023 stood at 67,344 barrels of oil per day (BPD), which increased by 2.3% WoW as compared to 65,854 i...

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Gas suspension hits Pakistan's industries: KCCI president appeals

The production activities of industries have gone down by 30% due to the complete gas suspension for two days every week by the Sui Southern Gas....

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Oil production soars 9% WoW, Gas production rises 4%

Hydrocarbon oil production for the week ended May 31, 2023 stood at 67,637 barrels of oil per day (BPD), which increased by 9% WoW as compared to 62,242 in...

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Exporters to get $9 MMbtu gas tariff for May, June

The government has decided on the continuation of the concessionary tariff of $9 MMbtu for the months of May and June 2023 to five export-oriented sectors, acco

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SSGC to introduce new venture, SSGC AE

Sui Southern Gas Company (PSX: SSGC) is all set to introduce its new venture, SSGC AE (Alternate Energy) which is expected to bring around Rs8 billion...

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Global gasoline cracks collapse, blow to refiners' profits

Global gasoline cracks collapse, blow to refiners' profits

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PD proposes massive gas price hike across the board

PD proposes massive gas price hike across the board

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Germany raises gas alert level after Russia dwindles supply

Germany raises gas alert level after Russia dwindles supply

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OGDC discovers gas from Nim East-1 exploratory well

OGDC discovers gas from Nim East-1 exploratory well

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APCNGA unveils plans to save $2.13bn annually under the head of fuel import bill

APCNGA unveils plans to save $2.13bn annually under the head of fuel import bill

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Pakistan looking to sign LNG import agreement with countries including Russia

Pakistan looking to sign LNG import agreement with countries including Russia

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Circular debt in gas sector reaches Rs1,500 billion, says Miftah Ismail

Circular debt in gas sector reaches Rs1500 billion, says Miftah Ismail

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Gas prices rocket to record peaks

Gas prices rocket to record peaks on supply fears

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Expected revision in gas prices and its implications

Expected revision in gas prices and its implications

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PPL takes over operation, working share from China Zenhua Oil in Baska Block

PPL takes over operation, working share from China Zenhua Oil in Baska Block

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Govt taking action against gas pilferers: Governor

Govt taking action against gas pilferers: Governor

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Govt announces bidding of 14 new oil and gas blocks

Govt announces bidding of 14 new oil and gas blocks

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Hammad Azhar admits Karachiites facing severe gas shortage

Hammad Azhar admits Karachiites facing severe gas shortage

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SSGC decides to curtail gas supply to non-export industries

SSGC decides to curtail gas supply to non-export industries

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Gas companies directed to streamline smooth supply to fertilizer industry

Gas companies directed to streamline smooth supply to fertilizer industry

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Govt halting expansion of domestic gas network: Hammad Azhar

Govt halting expansion of domestic gas network: Hammad Azhar

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Yet another gas supply suspension is unacceptable: President FPCCI

Yet another gas supply suspension is unacceptable: President FPCCI

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Gas supply to remain suspended in many area due to repair work

Gas supply to remain suspended in many area due to repair work

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Minister for Energy urges early completion of TAPI Gas pipeline project

Minister for Energy urges early completion of TAPI Gas pipeline project

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Name Price/Vol %Chg/NChg
KSE100 129,457.91
83.80M
0.98%
1258.49
ALLSHR 80,607.93
245.58M
1.03%
820.31
KSE30 39,565.79
29.01M
1.18%
460.80
KMI30 188,556.98
27.00M
0.88%
1641.37
KMIALLSHR 54,590.26
106.71M
0.72%
388.38
BKTi 34,278.19
14.41M
2.39%
801.51
OGTi 28,081.80
2.38M
0.43%
119.22
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 106,700.00 106,710.00
105,440.00
950.00
0.90%
BRENT CRUDE 67.18 67.29
67.05
0.07
0.10%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.49 65.65
65.34
0.04
0.06%
SUGAR #11 WORLD 15.70 16.21
15.55
-0.50
-3.09%


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