MPs for closure of refineries using Euro-2 standard ISLAMABAD: A parliamentary panel on Thursday called for the closure of oil refineries producing Euro-2 and below... Updated 27 Sep, 2024 09:12am
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
Print Senate panel told: Ogra takes over oil demand-supply function ISLAMABAD: An Oil and Gas Regulatory Authority (Ogra) official Friday apprised a parliamentary panel that the... Updated 03 Aug, 2024 01:03pm
Print Cheap Russian oil: Musadik claims private sector made hefty profits ISLAMABAD: Minister for Petroleum, Dr. Musadik Masood Malik has reportedly accused private sector of earning huge... Updated 02 Aug, 2024 09:54am
Markets ‘Refineries upgrade at risk due to newly-introduced sales tax exemption’ The government has introduced a sales tax exemption in the Finance Act 2024 on petroleum products, which will... Updated 23 Jul, 2024 08:04pm
Markets HSD import permission to M/s GO: 5 refineries lodge protest with Ogra ISLAMABAD: The country’s five refineries have protested with chairman Oil and Gas Regulatory Authority (OGRA) for... Published 14 Jun, 2024 06:31am
Print Oil policy deadline: CCoE grants oil refineries 60-day extension ISLAMABAD: The Cabinet Committee on Energy (CCoE) has granted a 60-day extension to oil refineries to meet the... Updated 13 Dec, 2023 09:53am
Markets OPEC oil output falls in January led by Iraq LONDON: OPEC oil output fell in January, a Reuters survey found on Tuesday, as Iraqi exports declined and Nigerian... Published 31 Jan, 2023 07:44pm
Markets Putin and Saudi crown prince discuss OPEC+ cooperation to maintain price stability MOSCOW: Russian President Vladimir Putin held a phone call with Saudi Crown Prince Mohammed Bin Salman on Monday to... Published 30 Jan, 2023 08:39pm
Print Signing of deal in March: Refineries to get Russian oil by April-end Russian and Pakistani companies would sign agreements on spot purchase and long-term LNG contracts under the energy security plan Updated 27 Jan, 2023 09:02am
Opinion Oily matters – I Pakistan’s oil imports are the biggest drain on foreign exchange. Current year’s oil import bill has been... Published 08 Dec, 2022 06:10am
Print Furnace oil: Slow upliftment may lead to closure of refineries ISLAMABAD: Pakistan State Oil (PSO) and local refineries have raised serious concerns on slow upliftment of furnace... Updated 05 Nov, 2022 11:37am
Opinion Deregulating the oil sector — II The two biggest risks are demand-supply manipulation, creating shortages and manipulate prices. Shortages can be... Published 24 Aug, 2022 05:08am
Opinion Deregulating the oil sector – I There has often been talk of deregulating the petroleum sector. There are pros and cons which have been hotly... Published 20 Aug, 2022 03:41am
Print Oil refineries’ estimates: POL products’ prices may soar by up to Rs16.48 per litre OGRA will send summary to finance division seeking revision on Monday Updated 14 Aug, 2022 04:53pm
Business & Finance ‘Pro-HEVs policies can bring substantial savings’ KARACHI: Pakistan can achieve substantial savings due to policies favouring Hybrid Electric Vehicles (HEVs). The... Published 12 Jun, 2022 06:55am