Petrol price hiked by Rs1.35, HSD’s by Rs3.85 ISLAMABAD: The federal government has announced a mixed bag of news for consumers, with a price hike for petrol and... Published 01 Nov, 2024 06:51am
Business & Finance Smuggled petro products at 11,500 fuel stations: FBR developing application to curb sale ISLAMABAD: The Federal Board of Revenue (FBR) is developing a Geographic Information System-based mobile application... Published 04 Oct, 2024 06:46am
Business & Finance OMAP seeks PM’s intervention to help resolve issues facing petroleum industry LAHORE: The Oil Marketing Association of Pakistan (OMAP) has sounded the alarm on the country’s petroleum industry,... Updated 09 Sep, 2024 09:37am
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 Jul-Aug oil sales decline 12pc to 2.4m tons YoY KARACHI: Pakistan’s Oil Marketing Companies (OMCs) sales decreased by 14 percent on year-on-year basis to 1.21... Published 04 Sep, 2024 06:38am
Markets Slow HSD upliftment: Ogra rejects allegations of OMCs ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has negated the allegations of local refineries regarding a... Published 31 Aug, 2024 06:55am
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
Print Ogra urged to conduct probe: OCAC concerned at discounted sale of imported oil by OMC ISLAMABAD: The Oil Companies Advisory Council (OCAC) has expressed its concern over the sale of imported oil at... Updated 04 Aug, 2024 09:58am
Business & Finance July petroleum sales dip 11pc to 1.2m tons yoy KARACHI: The total sales of petroleum products in the country have declined by 11 percent on year-on-year basis to... Updated 03 Aug, 2024 08:58am
Print Govt set to reduce prices of petroleum products ISLAMABAD: The federal government is set to reduce the prices of petrol and high-speed diesel (HSD) by a substantial... Updated 31 Jul, 2024 09:58am
Pakistan AJK landslide: Alternate oil supply route planned ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) urgently convened a meeting with representatives from the... Published 30 Jul, 2024 03:10am
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
Print Deregulation of POL products’ prices: Petroleum Div to finalise framework today ISLAMABAD: A crucial meeting is set to take place on Thursday (today) at the Petroleum Division to finalise the... Updated 25 Jul, 2024 09:57am
Print OMAP concerned at budget impacts on industry LAHORE: The Oil Marketing Association of Pakistan (OMAP) has expressed concerns about the recent budget announcement... Updated 08 Jul, 2024 09:23am
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
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
Print Petrol, HSD prices likely to increase ISLAMABAD: Petrol and high-speed diesel (HSD) prices are likely to increase in Pakistan from July 01, 2024.... Updated 28 Jun, 2024 09:21am
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
Print Rs9bn approved for clearing OMCs’ PDCs: ECC allows export of 0.15 MMTs of surplus sugar ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has allowed export of 0.15 million MTs of... Updated 14 Jun, 2024 08:20am
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
Business & Finance Aramco, GO Petroleum get CCP’s nod for product supply agreement The Competition Commission of Pakistan (CCP) has granted a time-bound exemption on the relevant clauses of product... Published 21 May, 2024 06:03pm
Business & Finance Aurangzeb urged to address issues of OMCs LAHORE: Chairman Oil Marketing Association of Pakistan Tariq Wazir Ali on Tuesday appealed to the Minister of ... Updated 15 May, 2024 06:09am
BR Research OMC sales lackluster All the hype around the rebound in petroleum consumption and oil sales has died down as April 2024 recorded the... Published 08 May, 2024 06:35am
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 OMAP urges govt to remove 20-day stock cover requirement LAHORE: The Oil Marketing Association of Pakistan (OMAP) has urged the government to remove the 20-day stock cover... Updated 02 May, 2024 05:21am
Business & Finance OMCs raise price of HOBC by Rs10 per litre from April 1 ISLAMABAD: The Oil Marketing Companies (OMCs) have raised the price of Hi-Octane Blending Component (HOBC) by Rs10... Updated 06 Apr, 2024 08:47am
Editorials Oil smuggling EDITORIAL: It’s shocking that at least 4,000 MT of smuggled oil still finds its way into Pakistan every day,... Published 30 Mar, 2024 04:58am
BR Research Smuggling back in surge Petrol smuggling is back. Earlier this week, the Chairman Oil Companies Advisory Council (OCAC) wrote a hard-hitting... Published 27 Mar, 2024 07:04am
Markets OMCs grappling with financial instability LAHORE: Chairman of the Oil Marketing Association of Pakistan (OMAP), Tariq Wazir Ali, has voiced concerns over the... Published 26 Mar, 2024 04:20am