Oil falls as progress in US-Iran talks cools supply concerns Updated 01 Jul, 2026 06:44pm Brent futures were down 1.30%, to $72.00 a barrel at 0119 GMT
Weekly oil prices to remain unchanged Published 28 Jun, 2026 05:03am ISLAMABAD: The federal government has decided to keep petroleum prices unchanged for the upcoming week starting June...
Oil refineries: SIFC to ensure removal of major tax distortion Updated 15 May, 2026 09:19am ISLAMABAD: The Special Investment Facilitation Council (SIFC) will ensure the removal of a major tax distortion for...
China invokes anti-sanctions law to counter US blacklisting of refiners Published 05 May, 2026 06:01am BEIJING: China has, for the first time, invoked a law targeting companies that comply with foreign sanctions it...
Indian private refiner Nayara raises gasoline, gasoil prices Published 26 Mar, 2026 04:47pm Indian refiners, hit hard by a declining Indian rupee and rising oil prices
India’s vegetable oil buyers step back, betting war-driven rally will ease Published 24 Mar, 2026 04:08pm Imports are likely to fall to about 1.1 million tons in March
KDA and refineries: Special body to sort out payment issues Published 28 Nov, 2025 07:22am KARACHI: A high-level delegation of the country's leading oil refineries called on Director General Karachi...
Minister urges Ogra to improve enforcement of regulations Published 19 Sep, 2025 06:25am ISLAMABAD: Federal Minister for Petroleum, Ali Pervaiz Malik, visited the Oil and Gas Regulatory Authority (Ogra) on...
Russian oil refineries, terminals burn as Ukraine hits Putin’s war economy Published 26 Aug, 2025 05:32am MOSCOW: Ukraine has stepped up drone attacks on Russian oil refineries and exporting infrastructure, striking the...
CEOs of refineries appreciate resolution of sales tax issue Updated 21 May, 2025 09:17am ISLAMABAD: The Chief Executive Officers (CEOs) of Pakistan’s leading oil refineries called on Federal Minister for...
Oil refineries’ CEOs brief Aurangzeb about investment plans Published 06 May, 2025 03:19am ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting Monday with a...
More European oil refineries to close, convert in next 10 years, panel says Published 28 Mar, 2025 07:53am LONDON: European oil refineries will have to adapt to the energy transition or face a heightened risk of closure by...
Removal of GST on POL products: Oil refineries seek minister’s intervention Updated 06 Mar, 2025 04:08pm ISLAMABAD: Pakistan’s oil refineries have called on Finance Minister Senator Muhammad Aurangzeb to urgently...
Downstream oil sector deregulation: OCAC refuses to endorse any future road map Updated 07 Jan, 2025 12:53pm ISLAMABAD: The Oil Companies Advisory Committee (OCAC) has issued a strong statement, asserting that the oil...
PD misses SIFC deadline to resolve issues facing oil refineries Updated 12 Nov, 2024 02:35pm ISLAMABAD: The Petroleum Division could not address oil refineries obstacles by November 10th, as mandated by the...
MPs for closure of refineries using Euro-2 standard Updated 27 Sep, 2024 09:12am ISLAMABAD: A parliamentary panel on Thursday called for the closure of oil refineries producing Euro-2 and below...
3 Oct cargoes to be cancelled: Leading OMCs’ Sept cargo deferred Updated 05 Sep, 2024 09:07am ISLAMABAD: Leading importing Oil Marketing Companies’ September cargo has been deferred and three cargoes in October...
Surplus of HSD stock: PSO asked to re-evaluate HSD quantities contracted with Kuwait Petroleum Company Updated 04 Sep, 2024 08:49am ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has directed Pakistan State Oil (PSO) to reevaluate the...
Senate panel told: Ogra takes over oil demand-supply function Updated 03 Aug, 2024 01:03pm ISLAMABAD: An Oil and Gas Regulatory Authority (Ogra) official Friday apprised a parliamentary panel that the...
Cheap Russian oil: Musadik claims private sector made hefty profits Updated 02 Aug, 2024 09:54am ISLAMABAD: Minister for Petroleum, Dr. Musadik Masood Malik has reportedly accused private sector of earning huge...
‘Refineries upgrade at risk due to newly-introduced sales tax exemption’ Updated 23 Jul, 2024 08:04pm The government has introduced a sales tax exemption in the Finance Act 2024 on petroleum products, which will...
HSD import permission to M/s GO: 5 refineries lodge protest with Ogra Published 14 Jun, 2024 06:31am ISLAMABAD: The country’s five refineries have protested with chairman Oil and Gas Regulatory Authority (OGRA) for...
Oil policy deadline: CCoE grants oil refineries 60-day extension Updated 13 Dec, 2023 09:53am ISLAMABAD: The Cabinet Committee on Energy (CCoE) has granted a 60-day extension to oil refineries to meet the...
OPEC oil output falls in January led by Iraq Published 31 Jan, 2023 07:44pm LONDON: OPEC oil output fell in January, a Reuters survey found on Tuesday, as Iraqi exports declined and Nigerian...
Putin and Saudi crown prince discuss OPEC+ cooperation to maintain price stability Published 30 Jan, 2023 08:39pm MOSCOW: Russian President Vladimir Putin held a phone call with Saudi Crown Prince Mohammed Bin Salman on Monday to...
Signing of deal in March: Refineries to get Russian oil by April-end Updated 27 Jan, 2023 09:02am Russian and Pakistani companies would sign agreements on spot purchase and long-term LNG contracts under the energy security plan
Oily matters – I Published 08 Dec, 2022 06:10am Pakistan’s oil imports are the biggest drain on foreign exchange. Current year’s oil import bill has been...
Furnace oil: Slow upliftment may lead to closure of refineries Updated 05 Nov, 2022 11:37am ISLAMABAD: Pakistan State Oil (PSO) and local refineries have raised serious concerns on slow upliftment of furnace...
Deregulating the oil sector — II Published 24 Aug, 2022 05:08am The two biggest risks are demand-supply manipulation, creating shortages and manipulate prices. Shortages can be...
Deregulating the oil sector – I Published 20 Aug, 2022 03:41am There has often been talk of deregulating the petroleum sector. There are pros and cons which have been hotly...