May oil sales plunge 40pc to 1.3m tons YoY KARACHI: Pakistan oil sales in May 2023, clocked in at 1.3 million tons, down 40 percent on year-on-year basis.... Published 03 Jun, 2023 03:52am
Markets Pakistan’s petroleum sales plummet 40% year-on-year in May Sale of petroleum products in Pakistan clocked in at 1.3 million tons in May 2023, a decline of over 40%... Published 02 Jun, 2023 04:42pm
Print Price of petrol cut by Rs8, diesel’s by Rs5 ISLAMABAD: Federal government on Wednesday reduced the prices of petroleum products up to RS 8 per litre, or 2.9... Updated 01 Jun, 2023 09:07am
Print Transportation of HSD: APL proposes to repurpose its Hub-ZOT pipeline ISLAMABAD: Asia Petroleum Limited (APL) has proposed repurposing its pipeline to transport High Speed Diesel (HSD)... Updated 29 May, 2023 09:03am
Opinion ‘FY2023-24 Budget’ This is apropos a Business Recorder oped “FY2023-24 Budget” carried by the newspaper yesterday. The writer,... Published 21 May, 2023 04:00am
Print Proposed policy: Local refineries: Finance Div for adequate tariff protection ISLAMABAD: Finance Division has proposed that tariff protection enjoyed by the existing refineries in neighbouring... Updated 21 May, 2023 09:33am
BR Research Petrol pricing: Taxes may go up As the government reduced petroleum prices earlier this week, eyebrows were raised. Skeptics were quick to relate it... Updated 19 May, 2023 01:09pm
Editorials Reduction in POL products’ prices EDITORIAL: Petrol price was slashed by 12 rupees per litre and high speed diesel’s 30 rupees per litre while... Published 18 May, 2023 06:10am
Business & Finance POL products’ prices cut on world market, exchange rate decline ISLAMABAD: The government has reduced the retail price of petroleum products on account of a decline in the... Published 17 May, 2023 06:22am
Print Petrol price slashed by Rs12, HSD’s by Rs30 ISLAMABAD: Federal government on Monday decided to slash the ex-depot price of high speed diesel (HSD) by Rs 30 per... Updated 16 May, 2023 09:15am
Markets Low upliftment of HSD: ARL seeks Orga’s intervention ISLAMABAD: Attock Refinery Limited (ARL) has sought intervention from the Oil and Gas Regulatory Authority (Ogra) -... Published 04 May, 2023 04:26am
Markets POL products: April sales decline 46pc to 1.17MTs YoY KARACHI: Total sales of petroleum products in the country arrived at 1.17 million tons in April 2023, depicting a... Published 04 May, 2023 04:26am
Business & Finance Govt keeps petrol price unchanged, cuts HSD’s by Rs5 ISLAMABAD: Federal government decided on Sunday to keep unchanged the price of petrol, while reducing the price of... Published 01 May, 2023 03:28am
BR Research Petroleum imports slump Petroleum consumption has been on a decline in the country for obvious reasons. Demand destruction for petroleum... Published 14 Apr, 2023 08:52am
Opinion The economic malaise Pakistan today faces the worst financial crisis in its 75-year history. This is attributable to both long-term ... Updated 28 Mar, 2023 06:52am
Print Ogra discusses exchange rate adjustment mechanism with OMCs ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) convened a meeting with the oil marketing companies (OMCs) on... Published 25 Mar, 2023 06:25am
Print PL on HSD to go up by Rs5/litre ISLAMABAD: The federal government is most likely to increase the petroleum levy (PL) on high-speed diesel (HSD) by... Updated 15 Mar, 2023 08:50am
Print Mar-Sept key imports: govt needs $8.5bn Petroleum Division submits financing requirements to government for the seven months so that appropriate arrangements may be made in time Updated 14 Mar, 2023 11:12am
Print PL: Govt projects Rs175bn revenue shortfall The government expected to raise rate of PL on high-speed diesel by Rs 5 to Rs 50 per litre Updated 04 Mar, 2023 09:03am
Business & Finance Petrol price reduced by Rs5; diesel’s remains unchanged ISLAMABAD: Federal government on Tuesday has announced to roll back per litre ex-depot price of petrol by Rs 5 per... Published 01 Mar, 2023 06:21am
Print Rs9.92/litre on petrol, Rs13.12 on HSD: PSO allowed exchange rate adjustment ISLAMABAD: The federal government allowed the Pakistan State Oil (PSO) an exchange rate adjustment of Rs9.92 per... Updated 17 Feb, 2023 08:47am
Print POL products’ prices jacked up ISLAMABAD: The federal government Wednesday increased the prices of petroleum products up to 8.8 percent with effect... Updated 16 Feb, 2023 08:57am
Business & Finance POL products: additional Rs76bn revenue can be generated thru PL maximization to Rs50 per litre ISLAMABAD: The government has projected to collect Rs 76 billion additional revenue if it maximizes the petroleum... Updated 25 Jan, 2023 08:56am
BR Research Looming fuel shortages With SBP reserves at approximately $4 billion, time is not far when there would be widespread shortages of... Published 17 Jan, 2023 09:09am
Print Fuel prices kept unchanged amid speculation Government adjusts rates of petroleum levy (PL) with effect from today Updated 16 Jan, 2023 09:40am
Print Kuwait Petroleum Corporation dues: PSO asks PD to provide $220m payment ISLAMABAD: Pakistan State Oil (PSO) on Thursday asked the Petroleum Division for a payment of $220 million to Kuwait... Updated 13 Jan, 2023 08:54am
Markets Dec oil sales drop by 14pc MoM to 1.34m tons KARACHI: In December 2022 oil sales in the country decreased by 14 percent on month-on-month basis to 1.34 million... Published 04 Jan, 2023 06:59am
Markets Petroleum products: sales down 11% year-on-year to 1.33mn tons in December Sales of total petroleum products clocked in at 1.33 million tons in December 2022, a decline of over 11% on a... Published 03 Jan, 2023 03:37pm
Business & Finance POL products: Govt may keep ex-depot prices at current level for H1 ISLAMABAD: The federal government may announce to keep the ex-depot prices of petrol and high-speed diesel (HSD) at... Updated 31 Dec, 2022 11:41am
Editorials The revenue shortfall EDITORIAL: Tax revenue shortfall is projected at 800 billion rupees as per former Finance Minister Dr Hafeez A. ... Published 19 Dec, 2022 06:00am
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn