India defers tax levy on unblended, dirtier fuel amid rising prices NEW DELHI: India has deferred the imposition of taxes on dirtier and unblended retail fuel at a time when it is... Published 01 Oct, 2022 01:54pm
World United Arab Emirates to supply Germany with gas, diesel: report ABU DHABI: The United Arab Emirates agreed Sunday an “energy security” agreement with Germany to supply liquefied... Updated 25 Sep, 2022 07:15pm
Business & Finance Loop Energy says new hydrogen fuel cell more efficient than diesel engine Hydrogen fuel cell maker Loop Energy said on Sunday that its latest cell system can deliver better fuel economy than... Published 18 Sep, 2022 10:12pm
Pakistan Govt increases petrol price by Rs2.07, takes it to Rs235.98 per litre Price of diesel also increased by Rs2.99 per litre, new rate at Rs247.43 Published 01 Sep, 2022 12:24am
Markets US fuel retailers rail against green aviation fuel tax credit NEW YORK: US fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in... Published 08 Aug, 2022 10:24am
BR Research Fuel reserves: poor timing? June 2022 was the third time when monthly imports (PBS) crossed $7.5 billion. In earlier instances, there were... Published 22 Jul, 2022 08:57am
Pakistan Government to slash petrol prices today: Miftah Ismail Finance minister says public has stood with the government during difficult times and bore the burden of inflation and now we want to provide relief Updated 14 Jul, 2022 07:32pm
Business & Finance India’s export curbs, tax hike to exacerbate global diesel, gasoline shortage NEW DELHI: India’s latest measures aimed at boosting domestic oil supplies could reduce its diesel and gasoline... Published 07 Jul, 2022 05:35am
Markets India's export curbs, tax hike to exacerbate global diesel, gasoline shortage NEW DELHI: India's latest measures aimed at boosting domestic oil supplies could reduce its diesel and gasoline... Published 06 Jul, 2022 02:26pm
Markets Oil sales decline 11% in June as high prices dent demand A further slowdown in diesel and petrol sales is expected as the government has decided to impose PDL and sales tax Updated 02 Jul, 2022 07:33pm
Markets Govt jacks up petrol prices by another Rs14.85 per litre, takes price to Rs248.74 Ex-depot price of diesel now at Rs276.54 after a hike of Rs13.23 per litre Petroleum levy imposed on all petroleum products Updated 30 Jun, 2022 11:32pm
Business & Finance SPI up 2.67pc WoW ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended June 9, 2022, recorded a significant increase of... Published 11 Jun, 2022 06:14am
Markets Global refiners falter in efforts to keep up with demand Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and... Published 31 May, 2022 02:03pm
Business & Finance Next price hike in petroleum products before June 30: Khurram Dastgir Minister for Energy's remarks come after government increased petroleum products’ prices by Rs30 per litre Updated 30 May, 2022 06:22pm
Pakistan 'Sasta Petrol Sasta Diesel' scheme to benefit Pakistan's lowest income group: Miftah Finance minister says registration for relief package to begin on June 1 Updated 28 May, 2022 05:12pm
Markets After a 16-session losing streak, rupee gains in spectacular fashion Closes at 199.76 against the US dollar after 1.13% gain on Friday Currency's gain comes on back of positive market sentiment after govt jacked up fuel prices and moved a step closer to reviving IMF programme Updated 27 May, 2022 09:29pm
Markets Ukraine’s embattled farmers running on empty as world faces food crisis PARIS/LONDON: After making it through the spring planting season, sometimes with the help of bulletproof vests and... Published 26 May, 2022 05:26am
World US ready to tap diesel reserves amid supply shortage: WH WASHINGTON: The Biden administration is ready to tap into the United States’ national diesel reserves to tame... Published 23 May, 2022 09:43pm
Markets Saudi minister blames lack of investment for surge in fuel prices RIYADH: Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said on Monday the gap between crude prices and... Published 10 May, 2022 05:10am
Business & Finance Miftah Ismail slams PTI's economic policies, hints at targeted fuel subsidy Finance minister says no final decision on raising prices of petroleum products, but says wealthy could be asked to make 'contribution' Updated 05 May, 2022 09:24pm
World Tanker strike worsens fuel woes in crisis-hit Sri Lanka COLOMBO: A strike by owners of fuel tankers over the weekend renewed Sri Lanka’s long queues for diesel and petrol... Published 03 May, 2022 03:47am
Markets Asia oil refiners rake in record profits on tight global supplies SINGAPORE: Asian oil refiners are reaping their highest profits ever this week, spurred by higher fuel demand during... Published 29 Apr, 2022 07:03am
Print PSO arranges five extra cargoes of diesel KARACHI: In view of the increasing demand of diesel, mainly due to harvesting season and limited product... Updated 26 Apr, 2022 09:58am
Markets India to raise petrol, diesel retail prices after 4-month hiatus NEW DELHI: Indian state fuel retailers will raise petrol and diesel pump prices by 0.8 rupees ($0.0105) per litre... Published 22 Mar, 2022 05:21am
Markets Global oil supply disruptions leave Pakistan reeling Sanctions on Russia mean companies like Pakistan State Oil are struggling to secure diesel supplies Updated 16 Mar, 2022 01:51pm
BR Research PRL - silver lining ahead? The refinery sector has been under continuous criticism for not upgrading its archaic technology. The same factor ... Published 11 Feb, 2022 08:10am
Markets China slashes refined fuel export quota, raises LSFO SINGAPORE: China more than halved the volume of export quotas for refined fuel, predominantly gasoline, diesel and... Published 05 Jan, 2022 05:36am
Business & Finance 'SBP should formulate policies for transport industry' KARACHI: The SBP should formulate policies for transport industry and government should announce support specially... Published 14 Nov, 2021 04:12am
Markets China's plunging diesel exports a boost to Asia refiners: Russell LAUNCESTON: Slumping diesel exports from China are proving a boon to other refiners in Asia, with the profit from... Published 21 Sep, 2021 11:00am
Markets China’s Aug diesel exports fall to lowest since May 2015 BEIJING: China’s diesel exports continued to fall in August, hitting their lowest since May 2015 after the... Published 19 Sep, 2021 03:56am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?