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
Print 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
Print 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
Print 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
Print 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
Print 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
Print 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