Fuel prices increased ISLAMABAD: The federal government Thursday allowed a substantial raise in the prices of petroleum products, ie, up ... Updated 16 Mar, 2023 09:59am
Editorials Oil supply: risks must not be downplayed EDITORIAL: The supply chain in various industries is at the risk of choking under import restrictions by State Bank... Updated 14 Mar, 2023 10:29pm
Business & Finance Payments to OMCs: Ogra completes 80pc audit of IFEM claims of PSO, 4 refineries ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has completed 80 percent audit of Inland Freight Equalization... Published 11 Mar, 2023 03:16am
Business & Finance OMAP urges Ogra to ensure safety standards LAHORE: Oil Marketing Association of Pakistan (OMAP) on Wednesday asked Oil and Gas Regulatory Authority (Ogra) to... Published 09 Mar, 2023 06:23am
BR Research APL – a weaker quarter After a good year (FY22), the oil marketing companies (OMCs) earnings were expected to come under pressure during... Published 07 Mar, 2023 08:41am
BR Research Oil sales - dwindling demand amid high prices Petroleum consumption is coming down this year amid surging prices, nose-diving currency and economic hardships that... Published 06 Mar, 2023 08:30am
Markets OGRA manipulating pricing of petroleum products: OMAP LAHORE: Oil Marketing Association of Pakistan on Sunday demanded that exchange rate adjustments should be passed on... Published 06 Mar, 2023 07:16am
Markets OMAP requests Ogra to provide equal opportunities to small companies LAHORE: Oil Marketing Association of Pakistan on Saturday requested the Oil and Gas Regulatory Authority to provide... Published 19 Feb, 2023 03:19am
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 Ogra tasked to carry out audit of OMCs ISLAMABAD: Federal government has tasked the Oil and Gas Regulatory Authority (Ogra) to carry out the audit of oil... Updated 10 Feb, 2023 08:57am
Print Petrol shortage hits major cities of Punjab LAHORE: Long queues of two-wheelers and cars have been witnessed at filling stations in most parts of the Punjab... Updated 09 Feb, 2023 08:46am
Business & Finance Govt asks OMCs to ensure supply of fuel ISLAMABAD: State Minister for Energy (Petroleum Division) Musadik Malik on Wednesday negated the rumours that... Published 09 Feb, 2023 06:02am
Markets OMAP urges SBP to announce relief for oil industry LAHORE: The Oil Marketing Association of Pakistan on Monday demanded of the State Bank of Pakistan to announce some... Published 31 Jan, 2023 06:01am
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 OMPA questions Ogra ‘discrimination’ with small OMCs LAHORE: Oil Marketing Association of Pakistan (OMAP) has questioned and raised serious concerns over the... Updated 16 Jan, 2023 09:40am
Pakistan Seizure of bank accounts of Askar Oil, others: LHC describes FIA’s action as ‘a clear transgression’ LAHORE: The Lahore High Court set aside a letter issued by the FIA to the banks for seizure of the bank accounts of... Published 01 Jan, 2023 03:14am
Print ARL warns supply disruption if AGL not operationalized ISLAMABAD: M/s Attock Refinery Limited (ARL) has warned the government that oil supply to Pakistan Air Force (PAF),... Updated 14 Dec, 2022 09:48am
Print PRL barred from shutting down this month ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has barred Pakistan Refinery Limited (PRL) from shutting down... Updated 02 Dec, 2022 10:09am
Print 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
Print 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
Print 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
Print 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
Print 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
Print 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
Print 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