Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has expressed profound concern and outright dismay over the staggering, unprecedented increase in petroleum prices…
Asif Sakhi, Vice President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and Chairman of the Businessmen Panel Progressive Karachi, has expressed deep disappointment over the unprecedented…
President of the Korangi Association of Trade and Industry (KATI), Muhammad Ikram Rajput, has strongly condemned the government’s steep increase in petroleum prices, terming it an “economic shock” that could…
Abdul Rehman Fudda, President of the SITE Association of Industry, has warned that the extraordinary hike in petroleum product (POL) prices will have a “360-degree impact” on the economy, driving…
Overall refinery upliftment rose 13.0% YoY in Mar’26, driven by stronger MS and HSD offtake. HSD/MS upliftment rose 26.8%/25.1 YoY to 491k tons and 239k tons, respectively, driven by stronger…
In a recent report by AHL Research, Pakistan's oil marketing companies (OMCs) experienced a notable surge in sales during March 2026, with total petroleum sales rising 19% year-on-year to 1.44…
· Annual inflation in Mar’26 is anticipated to surge to 7.3%YoY, due to a surge in fuel prices. · On a sequential basis, inflation is expected to increase in Mar’26 driven by…
Oil and Gas Development Company Limited (OGDC), along with its joint venture partners in the TAL Block, has successfully appraised the existing discovered gas and condensate (in traces) from the…
Oil and Gas Development Company Limited (OGDC) on Thursday announced a significant gas discovery at its Sahito-1 exploratory well in the Khewari Exploration License, located in the Khairpur district of…
· The Pakistani E&P sector had a mixed performance during 2QFY26. On the positive side, oil production increased slightly, and companies paid good dividends to their shareholders. However, overall profits…
Oil and Gas Development Company Limited (OGDC) on Tuesday announced the successful commencement of oil production from its development well Pasakhi-13, marking a historic milestone as Pakistan’s first successful horizontal…
Mari Energies Ltd (MARI) has announced a major gas discovery at the exploratory well Shams-1, located in District Ghotki, Sindh. The exploratory well (100% working interest) was successfully tested in…
As the backbone of Pakistan’s energy landscape, Pakistan State Oil (PSO) continues to demonstrate resilience in managing the national supply chain. In response to the evolving geopolitical environment, the company…
Pakistan’s Oil Marketing Companies (OMCs) recorded sales of 1.3 million tons in Feb 2026, up 13% YoY but down 15% MoM. The YoY increase reflects economic recovery, easing inflation, and…
Overall refinery upliftment rose 29.0% YoY in Feb’26, driven by higher MS, HSD and FO offtake. HSD upliftment improved 43.7% YoY to 458k tons, reflecting stronger domestic demand, effective curtailment…
SSGC's Board of Directors has appointed Mr Muhammad Amin Rajput as the Company's Managing Director / Chief Executive Officer on a contract basis for a period of three years, with…
The Board of Directors of Wafi Energy Pakistan Limited (WEPL) announced the company’s financial results for the year ended December 31, 2025. The company reported a profit after tax of…
Oil and Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production company, on Thursday signed Petroleum Concession Agreements (PCAs) for five new exploration blocks awarded in the bidding round…
Sui Southern Gas Company (SSGC) hereby denies all such news reports claiming suspension of gas during Iftaar hours, terming them contrary to the facts and misleading. SSGC’s management is closely…
Attock Petroleum Limited (APL) posted 2QFY26 NPAT of PKR2.6bn (EPS: PKR20.97), down 32% QoQ and 5% YoY, above our expected EPS of PKR17.25, with the positive variance primarily driven by…
Pakistan Oilfields Ltd. (POL) posted 2QFY26 NPAT of PKR6.3bn (EPS: PKR22.16), down 17% YoY but up 16% QoQ, higher than our estimated EPS of PKR19.06. The deviation mainly stems from…
The Board of Directors of Oil & Gas Development Company Limited (OGDC), in its meeting held on Monday, February 23, 2026, announced the financial results for the half year ended…
Oil and Gas Development Company Limited (OGDC), Pakistan’s leading exploration and production company, on Friday announced a significant oil and gas discovery at its exploratory well Baragzai X-01 (Slant), located…
Pakistan Petroleum Limited (PPL) announced a hydrocarbon discovery at the exploratory well Baragzai X-01 (Slant) in the Lumshiwal Formation within the partner-operated Nashpa Block. The block is operated by Oil…
Oil and Gas Development Company Ltd (OGDC) has made an oil and gas discovery at the Dars West-3 developmental well in Tando Allah Yar, Sindh. Spudded on 31st Dec 2025,…
