Trends - OMCs - Business Recorder

OMCs

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

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

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

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

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

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

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

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

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

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

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

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 10 786 Investments Limited(786)	5.74 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 10 Al-Abbas Sugar Mills Limited(AABS)	526 ▼ 0.00 (0.00%)
Agro Allianz / Dec 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 10 Allied Bank Limited(ABL)	90.51 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 10 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▼ 0.00 (0.00%)
Abson Ind. / Dec 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 10 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▼ 0.00 (0.00%)
Attock Cement / Dec 10 Attock Cement Pakistan Limited(ACPL)	105.15 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 10 786 Investments Limited(786)	5.74 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 10 Al-Abbas Sugar Mills Limited(AABS)	526 ▲ 0.00 (0.00%)
Agro Allianz / Dec 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 10 Allied Bank Limited(ABL)	90.51 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 10 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▲ 0.00 (0.00%)
Abson Ind. / Dec 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 10 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▲ 0.00 (0.00%)
Attock Cement / Dec 10 Attock Cement Pakistan Limited(ACPL)	105.15 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Dec 10 K-Electric Limited(KEL)	342,535,258 ▲ 0.00
WorldCall Telecom / Dec 10 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.00
P.T.C.L. / Dec 10 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.00
Kohinoor Spining / Dec 10 Kohinoor Spinning Mills Limited(KOSM)	56,593,500 ▲ 0.00
Fauji Foods Ltd / Dec 10 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.00
Cnergyico PK / Dec 10 Cnergyico PK Limited(CNERGY)	46,684,647 ▲ 0.00
B.O.Punjab / Dec 10 The Bank of Punjab(BOP)	32,876,325 ▲ 0.00
Pak Elektron / Dec 10 Pak Elektron Limited(PAEL)	29,819,540 ▲ 0.00
Hascol Petrol / Dec 10 Hascol Petroleum Limited(HASCOL)	27,935,500 ▲ 0.00
Pak Int.Bulk / Dec 10 Pakistan International Bulk Terminal(PIBTL)	25,443,500 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	144.95
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.25
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
India Sensex / Dec 8	69825.60
Tokyo Nikkei / Dec 8	32307.86
Nasdaq / Dec 8	14403.97
Hang Seng / Dec 8	16334.37
FTSE 100 / Dec 8	7554.47
Dow Jones / Dec 8	36247.87
Germany DAX 30 / Dec 8	16759.22
France CAC40 / Dec 8	7526.55

Item	Value
Crude Oil USD/Barrel / Dec 8	71.23
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Gold Spot USD/Ounce / Dec 8	2004.67
Cotton US¢/pound / Dec 8	81.44

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