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Tag: Petroleum

Railway fares jacked up by eight percent

LAHORE: Pakistan Railways on Wednesday announced to increase railway fares following the recent hike in petroleum products across the country, ARY News reported. According to...

‘People would pay for lack of independent foreign policy’: Hammad Azhar

Pakistan Tehreek-e-Insaf leaders Fawad Chaudhry and Hammad Azhar have criticized the incumbent government's policies after the increase in fuel prices by Rs60 in just...
00:04:35

Explainer: Who Controls Petroleum Prices?

Across the globe, oil remains a key component of the energy mix. In countries where crude oil is found in large quantities, they sell...

POL import bill surges 95% to $17 bln in 10 months

The imports of overall petroleum group witnessed an increase of 95.84 percent during the first ten months of the current fiscal year (2021-22) as...

Petrol made Rs2 expensive, diesel more than Re1

ISLAMABAD: The petroleum ministry has announced Wednesday via a notification an upward revision in petroleum prices in a fortnightly meeting with a hike in...

Probe ordered against OMCs for petroleum crisis after cabinet report

The government has approved of the recommendations put forward by the cabinet committee to launch a crackdown against oil marketing companies

Weekly inflation rises 80bps due to recurring increase in petroleoum prices

The surge in many essential commodities is noticed during the past week which meant collective inflation rising to over 9pc

Qatar Petroleum expands trading as rivals “punch above weight”

QP aims to build a trading desk to rival oil majors and trading houses and to help smooth out spot gas price spikes, says the company CEO

Petroleum industry records 6pc drop in local production

Petroleum report for the second quarter ending December finds gas production follows in the fall as its growth saw a 4 pc drop as well

Fed govt plans to sell shares of OGDCL, other petroleum companies  

The privatization board meeting decided to sell 10 percent shares of OGDCL and PPL.

Record increase in petroleum prices approved by govt

Federal government increased petrol price by Rs25.58 after decreasing it a short while back resulting in a countrywide scarcity

Petroleum supply to get better in three days: Omar Ayub Khan

He was talking to media after appear before the Peshawar High Court in a case related to petrol shortage.

Hafeez Shaikh to chair ECC meeting tomorrow

The meeting would mull over a four-point agenda including fixing of wheat support price and petroleum-related matters.

Petroleum sector gets big relief after policy amendments

The policy amendments recommended by the PM's Task Force on Energy were approved by the federal authorities.

Prices of petroleum products fixed as per int’l practice: Asad Umar

The sale prices of petroleum products were fixed in paisas along with rupee as per standard international practice, the minister said.

OGRA proposes up to Rs9.4 hike in petroleum products prices

Sources said the OGRA had forwarded its summary on petroleum prices on the basis of increased rates of general sales tax (GST) and petroleum levy.

Azerbaijan proposed open oil credit facility worth $100 Mn to Pakistan

ISLAMABAD: Pakistan is offered by Azerbaijan to attain an open credit line worth $100 million for the purchase of petroleum related goods, without any superior...

Senate committee calls for probe into ‘under-utilization’ of PGPC’s LNG Terminal 2

ISLAMABAD: The Senate Standing Committee on Petroleum in its meeting on Monday called for undertaking a probe into the of under-utilization of LNG Terminal...

PM presides over first meeting of CCI today

ISLAMABAD: Prime Minister Imran Khan is presiding over the first session of the Council of Common Interests (CCI) on Monday (today). The council meeting is taking...

Caretaker minister announces reduction in petroleum prices

ISLAMABAD: Caretaker Federal Minister for Energy Syed Ali Zafar on Saturday said that the government has decided to reduce petroleum prices in order to...
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