Trends - Petroleum prices - Business Recorder

Petroleum prices

Avoid speculating prices of petroleum products, says OGRA

Two interim ministers had recently hinted cut in rates after rupee's appreciation against dollar

Published 25 Sep, 2023 06:17pm

Markets

Inflation expected to cross 30% in Sept amid spike in POL rates: brokerage house

Headline inflation is expected to cross the 30% level in September, significantly higher than the 27.8% recorded in...

Updated 25 Sep, 2023 05:54pm

Policy rate kept unchanged on economic indicators: SBP official

KARACHI: The latest episode of the SBP Podcast series offers insights into the factors leading to the decision,...

Updated 24 Sep, 2023 09:14am

BR Research

LSM: low base in play

The Large-Scale Manufacturing (LSM) marked the thirteenth consecutive month of negative year-on-year growth – an...

Published 19 Sep, 2023 08:53am

BR Research

Petroleum price: dollar at the core

Petrol and diesel both soared to new highs last Saturday. It appears that years of messaging is finally starting to...

Published 18 Sep, 2023 08:52am

Opinion

Oil price hike

Petroleum prices have been increased; petrol is costing Rs 305.34 per Liter and diesel Rs 311.84. It is an increase...

Updated 14 Sep, 2023 06:36am

BR Research

Then there were two

Petrol prices have crossed Rs300 per liter which is sending shockwaves across the country. This will roll over to a...

Published 05 Sep, 2023 08:53am

Pakistan

NFC award major reason behind govt’s inability to go after untaxed sectors: economist

Dr Ashfaque Hassan Khan says Islamabad loses incentive to tax undocumented economy as it loses big chunk of additional revenue

Published 04 Sep, 2023 05:26pm

BR Research

Inflation: Round two – fight!

Having peaked in May 2023 at 38 percent – national headline inflation has since followed a predictable path. One way...

Published 04 Sep, 2023 08:52am

Markets

Petroleum levy at Rs60/litre: component-wise breakdown of petrol price in Pakistan

Price has increased 21% since August 1, 2023

Published 02 Sep, 2023 05:06pm

Markets

Sale of petroleum products dips 8% year-on-year in August

Decline comes 'mainly on account of 64% YoY fall in Furnace Oil sales, says Arif Habib Limited

Updated 02 Sep, 2023 07:42pm

Pakistan

Karachi traders observe strike against hike in fuel prices, power tariffs

KARACHI: Traders on Friday marked a shutter-down strike across the megacity, demanding of the interim government a...

Published 02 Sep, 2023 06:30am

BR Research

Brent oil rises and rises

The Brent crude price retreat proved short-lived as expected. Brent crude oil crossed $86/bbl – continuing the bull...

Published 31 Aug, 2023 07:55am

Opinion

Economy needs stimulus

The economy is headed towards a deep recession. Only a well-targeted fiscal stimulus can avert the incoming crisis....

Published 18 Aug, 2023 06:13am

BR Research

Oil shows no retreat

As Brent crude stays firm staying over $85/bbl, showing strong resistance – energy commodities outside of oil have...

Published 16 Aug, 2023 08:31am

PM for lowering prices of eatables, transport fares

ISLAMABAD: Prime Minister directed the authorities concerned to ensure that the impact of a reduction in petroleum...

Updated 20 May, 2023 08:59am

BR Research

Petrol pricing: Taxes may go up

As the government reduced petroleum prices earlier this week, eyebrows were raised. Skeptics were quick to relate it...

Updated 19 May, 2023 01:09pm

Pakistan

Oil prices: Govt gave relief in difficult situation: Aurangzeb

ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb on Tuesday said the finance minister gave...

Published 17 May, 2023 06:22am

Markets

Component-wise breakdown of petrol price in Pakistan

Decrease in rate due to decline in ex-refinery price

Published 16 May, 2023 07:16pm

Markets

POL products: April sales decline 46pc to 1.17MTs YoY

KARACHI: Total sales of petroleum products in the country arrived at 1.17 million tons in April 2023, depicting a...

Published 04 May, 2023 04:26am

Business & Finance

Rising transportation costs fuelling inflation, says expert

KARACHI: In our country, the transportation cost is rising constantly and thus is unbearable. It has almost doubled...

Published 20 Mar, 2023 06:12am

Business & Finance

Economy under extreme pressure: analyst

KARACHI: The Pakistan economy is continuing under extreme pressure and the ease is missing. High jump of dollar,...

Published 05 Mar, 2023 03:36am

Business & Finance

Rs5 PL hike on HSD may not help govt achieve Rs31bn monthly target

ISLAMABAD: An increase of Rs5 per litre petroleum levy (PL) on high-speed diesel (HSD) may not help the government ...

Updated 17 Dec, 2022 10:04am

Pakistan

Russia to provide crude oil to Pakistan at discounted rates: Musadik Malik

State minister for petroleum says Russian government-level delegation will visit Pakistan in mid-January

Updated 05 Dec, 2022 06:29pm

Nov POL products’ sales down 12pc to 1.55m tons YoY

KARACHI: Total petroleum products’ sales clocked in at 1.55 million tons in November 2022, displaying a decline of...

Updated 03 Dec, 2022 09:57am

Delegation to visit Russia for talks on oil, says Dar

ISLAMABAD: A delegation led by State Minister for Petroleum Musadik Malik will fly to Russia to discuss an agreement...

Updated 28 Nov, 2022 09:39am

BR Research

Petroleum revenue: So far so good

As petroleum prices remained unchanged, many were quick to term it the “right” move. The same lot was losing...

Published 17 Oct, 2022 09:25am

BR Research

Petroleum prices: PL offers manoeuvring room

Dar was not a fan of increasing petroleum prices. At least not from the outside. At the first chance, he made sure...

Published 03 Oct, 2022 08:38am

Markets

Fixing petroleum prices: LHC summons Ogra officials, others on 13th

LAHORE: The Lahore High Court on Monday issued notices to Oil and Gas Regulatory Authority (OGRA) and others for...

Published 06 Sep, 2022 04:08am

BR Research

PL keeps petrol price high

Whether the three times former PM left the meeting midway this time or not, it is not out there yet, but the...

Published 02 Sep, 2022 08:35am

Gainers
Losers
Leaders

Stock	Price
F. Nat.Equities / Dec 4 First National Equities Limited(FNEL)	6.28 ▲ 1.00 (18.94%)
First Elite Cap.Mod / Dec 4 First Elite Capital Modaraba(FECM)	3.25 ▲ 0.50 (18.18%)
Universal Ins. / Dec 4 The Universal Insurance Company Limited(UVIC)	7.15 ▲ 1.00 (16.26%)
Aisha Steel(ConPS) / Dec 4 Aisha Steel(ConPS)(ASLPS)	8 ▲ 0.85 (11.89%)
P.T.C.L. / Dec 4 Pakistan Telecommunication Company Ltd(PTC)	7.93 ▲ 0.76 (10.60%)
HBL Invest Fund / Dec 4 HBL Investment Fund(HIFA)	3.43 ▲ 0.31 (9.94%)
Trust Sec.& Brok. / Dec 4 Trust Securities & Brokerage Limited(TSBL)	11 ▲ 0.94 (9.34%)
Waves Home Appliances / Dec 4 Waves Home Appliances Limited(WHALE)	8.75 ▲ 0.72 (8.97%)
Jubilee Spinning / Dec 4 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.94 ▲ 0.54 (8.44%)
Al-Shaheer Corp / Dec 4 Al Shaheer Corporation Limited(ASC)	9.90 ▲ 0.77 (8.43%)

Stock	Price
Asim Textile / Dec 4 Asim Textile Mills Limited(ASTM)	12.70 ▼ -1.03 (-7.50%)
Universal Network (GEM) / Dec 4 Universal Network Systems Limited (GEM)(GEMUNSL)	28.23 ▼ -2.29 (-7.50%)
MithchellsFruit / Dec 4 Mitchells Fruit Farms Limited(MFFL)	243.94 ▼ -19.78 (-7.50%)
Pak Suzuki / Dec 4 Pak Suzuki Motor Company Limited(PSMC)	504.39 ▼ -40.90 (-7.50%)
Janana D Mal / Dec 4 Janana De Malucho Textile Mills Limited(JDMT)	63.82 ▼ -5.17 (-7.49%)
Reliance Ins. / Dec 4 Reliance Insurance Company Limited(RICL)	8.80 ▼ -0.70 (-7.37%)
Pak Gulf Leasing / Dec 4 Pak-Gulf Leasing Company Limited(PGLC)	7.18 ▼ -0.57 (-7.35%)
JS Investments / Dec 4 JS Investments Limited(JSIL)	16.02 ▼ -1.23 (-7.13%)
Masood Textile / Dec 4 Masood Textile Mills Limited(MSOT)	50.20 ▼ -3.80 (-7.04%)
AEL Textile / Dec 4 AEL Textile Limited(AEL)	20 ▼ -1.50 (-6.98%)

Stock	Volume
WorldCall Telecom / Dec 4 Worldcall Telecom Limited(WTL)	57,056,586 ▲ 0.04
Maple Leaf Cement / Dec 4 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▼ -0.61
Fauji Cement / Dec 4 Fauji Cement Company Limited(FCCL)	41,923,500 ▲ 1.29
Pak Elektron / Dec 4 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.07
Fauji Fert Bin / Dec 4 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.14
Oil & Gas Dev. / Dec 4 Oil & Gas Development Company Limited(OGDC)	23,778,132 ▲ 5.13
Pak Petroleum / Dec 4 Pakistan Petroleum Limited(PPL)	23,491,106 ▲ 5.48
Pak Refinery / Dec 4 Pakistan Refinery Limited(PRL)	22,637,629 ▲ 0.38
Hum Network / Dec 4 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.06
P.T.C.L. / Dec 4 Pakistan Telecommunication Company Ltd(PTC)	21,755,000 ▲ 0.76

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	284.75
USD PKR Interbank Buying / Dec 4	284.55
USD to Japanese Yen / Dec 4	146.85
USD to Swiss Franc / Dec 4	0.87
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.09
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 1	4594.63
Nasdaq / Dec 1	14305.03
Dow Jones / Dec 1	36245.50
India Sensex / Dec 4	68587.82
Tokyo Nikkei / Dec 4	33273.12
Hang Seng / Dec 4	16729.01
FTSE 100 / Dec 4	7509.75
Germany DAX 30 / Dec 4	16431.20
France CAC40 / Dec 4	7347.73

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 1	189043
Crude Oil USD/Barrel / Dec 4	78.30
Gold Spot USD/Ounce / Dec 4	2085.16
Cotton US¢/pound / Dec 4	79.44

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