Petroleum sales rebound In October 2024, Pakistan’s oil marketing companies (OMCs) saw a significant boost in petroleum sales, reaching 1.49... Published 05 Nov, 2024 09:04am
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
BR Research Oil consumption: stays tepid With the beginning of a new fiscal year, oil sales by Oil Marketing Companies (OMCs) in Pakistan experienced a... Published 07 Aug, 2024 09:05am
Markets Fixing oil prices: PPDA supports PM decision to end govt’s intervention KARACHI: The Pakistan Petroleum Dealers Association (PPDA) said on Thursday that it supported the decision of the... Published 26 Jul, 2024 07:52am
Business & Finance FBR tells ministry: 2.5pc advance tax not applicable to OMCs’ outlets ISLAMABAD: The Federal Board of Revenue (FBR) Friday conveyed to the Ministry of Energy that the Section 236H (2.5... Published 06 Jul, 2024 06:48am
BR Research Fuelling around: OMCs’ rollercoaster ride in FY24 FY24 was a tumultuous year for Pakistan’s Oil Marketing Companies (OMCs), marked by significant declines in overall... Published 03 Jul, 2024 07:01am
Markets OMCs’ sales rise to 1.45 million tons, highest in 19 months KARACHI: Pakistan’s Oil Marketing Companies (OMCs) recorded their highest sales in 19 months, reaching 1.45 ... Published 03 Jul, 2024 06:46am
Markets Oil prices lifted by summer demand hopes Oil prices rose on Monday, helped by expected peak summer consumption and OPEC+ production cuts, though gains were... Updated 01 Jul, 2024 07:01pm
Business & Finance PM, OMAP official discuss key issues of oil marketing companies LAHORE: The senior vice chairman of the Oil Marketing Association of Pakistan during his meeting with the prime... Published 29 Jun, 2024 06:40am
Markets PPDA protests against ‘hoarding’ by OMCs KARACHI: The Pakistan Petroleum Dealers Association (PPDA) is agitating against the hoarding of fuel supply by the... Published 28 Jun, 2024 05:41am
Markets Equity swap only option to address circular debt issue, says PSO The management of Pakistan State Oil (PSO), the country’s largest oil-marketing company (OMC), believes equity swap... Updated 24 Jun, 2024 09:22pm
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
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
Markets OPEC+ ministers keep oil output policy steady, sources say LONDON/MOSCOW/DUBAI: A meeting of the top ministers of OPEC+ has kept oil output policy unchanged, three OPEC+... Published 03 Apr, 2024 05:42pm
BR Research Oil sales in 9MFY24 The oil sales by the oil marketing companies during March 2024 saw a rise of 4 percent year-on-year, and three... Published 03 Apr, 2024 09:14am
BR Research Oil sales – weak and down The oil sales by the oil marketing companies during February 2024 plummeted by 8 percent year-on-year. The decline... Published 06 Mar, 2024 06:49am
Pakistan ST issue: OTCA threatens to go on strike ISLAMABAD: All Pakistan Oil Tankers Contractors Association (OTCA) on Thursday warned the Punjab Revenue Authority... Published 12 Jan, 2024 03:06am
BR Research OMC sales in 5MFY24 The oil marketing companies have been facing weaker oil sales over the last year. Monthly petroleum sales in the... Published 06 Dec, 2023 09:00am
BR Research Pakistan Refinery Limited Pakistan Refinery Limited (PSX: PRL) is a hydro skimming refinery designed to process imported and local crude oil,... Published 05 Dec, 2023 07:45am
BR Research Petroleum sales and some recovery? Monthly petroleum sales in the country have been weakening due economic slowdown, rising inflation, and depreciating... Published 03 Nov, 2023 08:42am
Business & Finance Concerns over Ogra’s ‘anti-OMCs’ bias expressed LAHORE: The emerging Oil Marketing Companies (OMCs) have expressed their concerns regarding the biasness of Oil and... Published 13 Jul, 2023 04:50am
BR Research Oil sales continue downhill Petroleum demand has been coming down as a result of rising prices, a depreciating currency, and economic hardships... Published 04 Apr, 2023 09:23am
Markets Hascol’s worst problems are behind it, says chief as company announces steps to restructure Rs54bn debt We are making excellent progress with our banks and are grateful to them for their cooperation: Sir Alan Duncan Updated 14 Mar, 2023 06:08pm
Markets OGRA manipulating pricing of petroleum products: OMAP LAHORE: Oil Marketing Association of Pakistan on Sunday demanded that exchange rate adjustments should be passed on... Published 06 Mar, 2023 07:16am
Business & Finance Oil companies facing Rs35bn loss due to forex losses, LCs issue: OMAP LAHORE: The Oil Marketing Association of Pakistan (OMAP) on Monday said that oil marketing companies (OMCs) are... Published 21 Feb, 2023 05:57am
Print Measures proposed to boost protection of important installations ISLAMABAD: The country’s security agencies are said to have opined that the threat dynamics are changing with each... Updated 20 Feb, 2023 08:53am
Print Petrol shortage hits major cities of Punjab LAHORE: Long queues of two-wheelers and cars have been witnessed at filling stations in most parts of the Punjab... Updated 09 Feb, 2023 08:46am
Business & Finance Govt asks OMCs to ensure supply of fuel ISLAMABAD: State Minister for Energy (Petroleum Division) Musadik Malik on Wednesday negated the rumours that... Published 09 Feb, 2023 06:02am
Print OMPA questions Ogra ‘discrimination’ with small OMCs LAHORE: Oil Marketing Association of Pakistan (OMAP) has questioned and raised serious concerns over the... Updated 16 Jan, 2023 09:40am
Print OMCs’ HSD premium: ECC directs PD to develop certification mechanism ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed the Petroleum Division to develop a... Updated 24 Nov, 2022 09:42am