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OMCs

PRL barred from shutting down this month

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has barred Pakistan Refinery Limited (PRL) from shutting down...

Published 02 Dec, 2022 05:47am

Govt plans to deregulate POL products’ market by 2027

ISLAMABAD: The government has planned to fully deregulate its petroleum products market by 2027 after the ...

Updated 27 Nov, 2022 05:00pm

HSD: ECC allows increase in premium

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has allowed increase in premium on high-speed...

Updated 15 Nov, 2022 09:41am

Power sector needs 315,730 MTs of fuel in 3 months

ISLAMABAD: National Power Control Centre (NPPC) has determined the accumulated fuel requirement of 315,730 MTs for...

Updated 15 Nov, 2022 09:40am

Upper limit of premium raised to $15/barrel: OMCs allowed to recover Rs10/litre on HSD for 2 months

ISLAMABAD: The government has allowed Oil Marketing Companies (OMCs) to recover Rs10 per litre on High-Speed Diesel...

Updated 08 Nov, 2022 09:48am

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

BR Research

APL – another robust quarter!

After a good year (FY22), the oil marketingcompanies’ (OMCs) earnings were expected to comeunderpressure during ...

Published 26 Oct, 2022 09:21am

Markets

Full compensation sought for all companies: Oil industry suffers Rs50bn losses due to forex issues

LAHORE: The oil industry has suffered a loss of Rs 50 billion on account of foreign exchange losses between July 1,...

Published 03 Oct, 2022 05:52am

Business & Finance

KSE-100 cos’ FY22 PAT grows 22pc to Rs1.0trn YoY

KARACHI: The KSE-100 companies’ profit after-tax (PAT) grew by 22 percent on year-on-year basis to Rs 1.0 trillion...

Published 25 Sep, 2022 06:01am

POL products’ deregulation: Ogra initiates consultative meetings with OMCs

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has initiated consultative meetings with Oil Marketing...

Updated 08 Sep, 2022 09:29am

PSO scraps HSFO delivery tenders

ISLAMABAD: Pakistan State Oil (PSO) has scrapped tenders for delivery of High Sulphur Furnace Oil (HSFO) cargoes for...

Updated 29 Aug, 2022 09:49am

Markets

Supply chain may suffer as OMCs decrease oil uplift

ISLAMABAD: Local oil refineries have hinted that the oil marketing companies (OMCs) have started low uplifting the...

Published 19 Aug, 2022 07:49am

Business & Finance

Businessmen express concern over hike in petrol price

LAHORE: The businessmen are in shock and expressed their serious concern over the hike in petroleum products in...

Published 18 Aug, 2022 06:15am

Import of petroleum products: PSO receives Rs62bn for confirmation of LCs

Issue pertaining to confirmation of LCs by local, international banks was resolved few weeks ago

Updated 12 Aug, 2022 10:47am

Light diesel, kerosene: pricing likely to be deregulated

ISLAMABAD: The Federal Government has decided to deregulate pricing of light diesel oil and kerosene oil in...

Updated 02 Aug, 2022 10:18am

Opinion

The buck must stop with petroleum division

The country is facing a severe balance of payment crisis. With drying external sources to reroll maturing debt, it ...

Published 01 Aug, 2022 06:51am

Opinion

Silver lining in sight?

The political drama continues. Arguments and moral positions switch in matter of days for politicians and media...

Published 25 Jul, 2022 06:12am

Business & Finance

Minimum tax rate on OMCs’ turnover cut under Finance Act

Drops from 0.75% to 0.5%

Updated 22 Jul, 2022 12:30pm

Subsidy waiver on use of HSD by power sector: ECC all set to consider PD’s proposal

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is all set to consider a proposal of the...

Updated 22 Jun, 2022 10:01am

Budget

OMCs: Zero PDCs budgeted for 2022-23

ISLAMABAD: The federal government has budgeted zero Price Differential Claims (PDCs) for next financial year 2022-23...

Published 11 Jun, 2022 06:39am

Business & Finance

Petroleum Div assures OMCs of resolving their issues

ISLAMABAD: Petroleum Division has assured the oil industry that they are willing to resolve their issues including...

Published 03 Jun, 2022 06:55am

PDCs: ECC approves Rs62.27bn for energy ministry

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs62.27 billion for the Ministry of...

Updated 29 May, 2022 08:43am

Business & Finance

Oil price hike: experts say OMCs’ cash flows will improve

KARACHI: The government’s decision to increase petroleum products’ prices is likely to improve cash flows of Oil...

Published 28 May, 2022 05:11am

Oil subsidy to cost exchequer Rs60bn

KARACHI: The government has maintained prices of local oil products to protect consumers by further raising subsidy...

Updated 17 May, 2022 09:56am

Disbursement of PDCs to OMCs/refineries: Rs55.5bn suppl. grant approved by ECC

Allows TCP to explore possibility of import of 200,000 MT of urea on G2G basis and on deferred payment

Updated 17 May, 2022 10:12am

Petroleum products’ rates to rise sharply if subsidy withdrawn

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has worked out a massive increase in the prices of petroleum...

Updated 15 May, 2022 08:28am

Targeted subsidy for motorcyclists under consideration: Price differential claims on petrol, HSD increase substantially

ISLAMABAD: A proposal is under consideration of the Petroleum Division and Benazir Income Support Programme for...

Updated 03 May, 2022 09:07am

Pakistan

Wheat-producing districts of Punjab facing diesel shortage

ISLAMABAD: Wheat growing districts of Punjab have been reportedly facing shortage of high speed diesel (HSD) ahead ...

Published 26 Apr, 2022 05:20am

Markets

Ogra takes up issues relating to PDC, IFEM with stakeholders

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) conducted its meeting at Karachi with leading Oil Marketing...

Published 29 Mar, 2022 05:49am

Oil industry: OCAC asks Ogra to facilitate major shareholders

ISLAMABAD: The Oil Company Advisory Council (OCAC) has asked the Oil and Gas Regulatory Authority (Ogra) to pay...

Published 24 Mar, 2022 05:36am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 2 786 Investments Limited(786)	4.10 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 2 Al-Abbas Sugar Mills Limited(AABS)	335 ▼ 0.00 (0.00%)
Agro Allianz / Dec 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 2 Allied Bank Limited(ABL)	64 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 2 Abbott Laboratories (Pakistan) Limited(ABOT)	537.29 ▼ 0.00 (0.00%)
Abson Ind. / Dec 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 2 Alfalah Consumer Index ETF.(ACIETF)	7.07 ▼ 0.00 (0.00%)
Attock Cement / Dec 2 Attock Cement Pakistan Limited(ACPL)	68.19 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 2 786 Investments Limited(786)	4.10 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 2 Al-Abbas Sugar Mills Limited(AABS)	335 ▼ 0.00 (0.00%)
Agro Allianz / Dec 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 2 Allied Bank Limited(ABL)	64 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 2 Abbott Laboratories (Pakistan) Limited(ABOT)	537.29 ▼ 0.00 (0.00%)
Abson Ind. / Dec 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 2 Alfalah Consumer Index ETF.(ACIETF)	7.07 ▼ 0.00 (0.00%)
Attock Cement / Dec 2 Attock Cement Pakistan Limited(ACPL)	68.19 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	224.75
USD PKR Interbank Buying / Dec 1	223.75
USD to Japanese Yen / Dec 1	135.06
USD to Swiss Franc / Dec 1	0.94
Pound Sterling to USD / Dec 1	1.23
Euro to USD / Dec 1	1.05
UK LIBOR % / Dec 1	3.82

Stock	Volume
S&P 500 / Dec 1	4076.57
India Sensex / Dec 1	63284.19
Tokyo Nikkei / Dec 1	28226.08
Nasdaq / Dec 1	11482.45
Hang Seng / Dec 1	18736.44
FTSE 100 / Dec 1	7558.49
Dow Jones / Dec 1	34395.01
Germany DAX 30 / Dec 1	14490.30
France CAC40 / Dec 1	6753.97

Item	Value
Crude Oil USD/Barrel / Dec 1	81.46
Karachi Cotton PKR/37.32 KG / Dec 1	16735
Gold 10 Grams PKR / Dec 1	139532
Gold Spot USD/Ounce / Dec 1	1803.61
Cotton US¢/pound / Dec 1	84.85

OMCs

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