Petroleum

Railway fares jacked up by eight percent

LAHORE: Pakistan Railways on Wednesday announced to increase railway fares following the recent hike in… Read More

‘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… Read More

Explainer: Who Controls Petroleum Prices?

Across the globe, oil remains a key component of the energy mix. In countries where… Read More

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… Read More

Petrol made Rs2 expensive, diesel more than Re1

ISLAMABAD: The petroleum ministry has announced Wednesday via a notification an upward revision in petroleum… Read More

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… Read More

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… Read More

Qatar Petroleum expands trading as rivals “punch above weight”

QP aims to build a trading desk to rival oil majors and trading houses and… Read More

Petroleum industry records 6pc drop in local production

Petroleum report for the second quarter ending December finds gas production follows in the fall… Read More

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. Read More

Record increase in petroleum prices approved by govt

Federal government increased petrol price by Rs25.58 after decreasing it a short while back resulting… Read More

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… Read More

Hafeez Shaikh to chair ECC meeting tomorrow

The meeting would mull over a four-point agenda including fixing of wheat support price and… Read More

Petroleum sector gets big relief after policy amendments

The policy amendments recommended by the PM's Task Force on Energy were approved by the… Read More

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… Read More

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… Read More

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… Read More

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… Read More

PM presides over first meeting of CCI today

ISLAMABAD: Prime Minister Imran Khan is presiding over the first session of the Council of Common… Read More

Caretaker minister announces reduction in petroleum prices

ISLAMABAD: Caretaker Federal Minister for Energy Syed Ali Zafar on Saturday said that the government… Read More