India’s diesel consumption to rise 3%-4% in current fiscal year, says Indian Oil chair India’s annual diesel consumption is expected to rise by 3%-4% in the current fiscal year to March 31, said V.... Published 23 Oct, 2024 01:22pm
Print Petrol’s price remains unchanged; diesel’s hiked ISLAMABAD: The government Tuesday increased the price of high speed diesel (HSD) up to Rs 5 per liter effective from... Updated 16 Oct, 2024 03:43pm
Print Exchange rate for calculating petroleum prices adjusted ISLAMABAD: The government adjusted the exchange rate used for calculating petroleum products prices with effect from... Updated 17 Sep, 2024 03:34pm
Print 3 Oct cargoes to be cancelled: Leading OMCs’ Sept cargo deferred ISLAMABAD: Leading importing Oil Marketing Companies’ September cargo has been deferred and three cargoes in October... Updated 05 Sep, 2024 09:07am
Business & Finance Surplus of HSD stock: PSO asked to re-evaluate HSD quantities contracted with Kuwait Petroleum Company ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has directed Pakistan State Oil (PSO) to reevaluate the... Updated 04 Sep, 2024 08:49am
Pakistan Smuggled Iranian diesel seized KARACHI: The Anti-Smuggling Organization (ASO) of the Customs Enforcement Collectorate Karachi has seized 11,000... Published 24 Jul, 2024 07:37am
Business & Finance Petrol price hiked by Rs7.45, diesel’s by Rs9.56 ISLAMABAD: The federal government on Sunday announced a substantial raise in ex-depot rates of all petroleum ... Published 01 Jul, 2024 07:01am
Pakistan Govt increases petrol price by Rs7.45, takes it to Rs265.61 per litre New prices come into effect from July 1, 2024 Published 30 Jun, 2024 11:40pm
Markets Govt reduces petrol price by Rs10.2, HSD’s by Rs2.33 per litre New prices come into effect from June 15, 2024 Published 14 Jun, 2024 11:54pm
Pakistan Local refineries urge PR to use domestic diesel ISLAMABAD: The Pakistan Railways (PR) is said to have refused to use locally produced diesel in it’s engines... Published 10 Jun, 2024 06:52am
BR Research Oil sales recover Monthly petroleum consumption has picked up a bit when looked at the monthly trend, and year-on-year trend recently.... Published 06 Jun, 2024 07:14am
Business & Finance May Petroleum products sales up 7pc to 1.39 MT YoY KARACHI: The sales of petroleum products in the country increased by 07 percent on year-on-year and 26 percent on... Published 05 Jun, 2024 06:37am
Business & Finance CCP approves product supply agreement between Aramco, GO Petroleum ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted a time-bound exemption on the relevant clauses ... Published 22 May, 2024 05:54am
Markets April sales 6-month low: OMCs ISLAMABAD: Oil marketing companies (OMCs) in April 2024 posted monthly sales of 1.1mn tons which is six months low... Published 03 May, 2024 06:29am
Print Prices of petrol, diesel likely to be slashed Federal government expected to decrease price of petrol by Rs4.88 per litre Updated 26 Apr, 2024 12:28pm
Pakistan Govt keeps petrol price unchanged, reduces HSD’s by Rs1.77 per litre Revised prices to take effect from March 16 Published 15 Mar, 2024 11:23pm
Markets Cnergyico Pk anticipates investment of over $1bn in refinery upgradation Cnergyico Pk Limited, formerly known as Byco Petroleum Pakistan Limited, sees its anticipated investment at over $1... Updated 08 Mar, 2024 11:31pm
Business & Finance Price of diesel hiked by Rs8.37, petrol’s by Rs2.73 ISLAMABAD: Interim government on Thursday decide to raise the ex-depot prices of petroleum products up to Rs 8.37... Published 16 Feb, 2024 06:02am
World Iran Guards seize foreign vessel carrying ‘smuggled’ fuel TEHRAN: Iran’s Revolutionary Guards seized Sunday a foreign oil tanker carrying around two million litres of... Updated 28 Jan, 2024 10:49pm
Print PARCO pipeline: Customs unearths ‘tunnel’ dug for stealing diesel KARACHI: Customs Intelligence has busted a gang stealing non-duty paid diesel from the PARCO oil pipeline via a... Updated 25 Jan, 2024 09:46am
Opinion Attaining energy security through coal Coal is back but with application of Clean Coal Technologies which augers well for Pakistan, this was the clear... Published 07 Jan, 2024 02:43am
Markets Asian refiners face diesel supply glut in 2024 SINGAPORE: Diesel supply in Asia is set to jump in 2024 fueled by new refineries in the Middle East and robust... Published 28 Dec, 2023 10:28am
Markets China’s November diesel exports down 44.9% on last year despite weak domestic demand BEIJING: China’s diesel exports in November were down 44.9% on last year at 1.16 million metric tons, data showed on... Published 18 Dec, 2023 11:25am
Markets Emergency EU oil meeting focused on securing diesel supply BRUSSELS: European Union officials discussed diversifying oil stocks and creating a buffer for diesel and gasoil... Published 28 Oct, 2023 05:58am
Markets Diesel release valve: China poised to save West from shortages again As the northern hemisphere heads into winter, the U.S. and European oil sectors are counting on rising exports from... Published 13 Oct, 2023 08:43pm
Markets Pakistan Refinery says it has achieved historic production in September Pakistan Refinery Limited (PRL), a subsidiary of Pakistan State Oil Company Limited (PSO), said it achieved a... Published 11 Oct, 2023 03:09pm
BR Research Diesel: Low(est) demand or high(est) smuggling? September 2023 petroleum sales numbers were a rude awakening – laying bare so many things simultaneously. From the... Published 10 Oct, 2023 09:05am
Business & Finance BMP demands govt slash oil prices LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’ Businessmen Panel (BMP) has asked the... Updated 09 Oct, 2023 09:37am
Business & Finance Current Ogra pricing: Exchange rate adjustment for PSO not incorporated: OCAC ISLAMABAD: The Oil Companies Advisory Council (OCAC) says that the exchange rate adjustment for Pakistan State Oil... Published 07 Sep, 2023 06:21am
Print Construction of bonded warehouses: Policy introduced to facilitate foreign oil firms LAHORE: Minister of State for Petroleum Dr Musadik Malik said on Wednesday that government had introduced a new... Updated 29 Jun, 2023 03:21pm