Trends - Petroleum prices - Business Recorder

Petroleum prices

OMC sales lackluster

All the hype around the rebound in petroleum consumption and oil sales has died down as April 2024 recorded the...

Published 08 May, 2024 06:35am

Pakistan

Govt increases petrol price by Rs4.53, takes it to Rs293.94 per litre

The new prices take effect from April 16, 2024

Published 15 Apr, 2024 11:49pm

Business & Finance

Incorporating exchange rate: Govt approves price adjustment for PSO

ISLAMABAD: The federal government has approved adjustments in petroleum prices, allowing Pakistan State Oil (PSO) to...

Published 03 Apr, 2024 05:29am

Pakistan

Caretaker govt increases petrol price by Rs 2.73, HSD by Rs 8.37 per litre

New prices of petrol and diesel are Rs 275.62 and Rs 287.33 per litre, respectively

Published 16 Feb, 2024 12:00am

Pakistan

Caretaker govt increases petrol price by Rs13.55, HSD by Rs2.75

New prices of petrol and diesel are Rs272.89 and Rs278.96 per litre, respectively

Published 31 Jan, 2024 11:54pm

Petrol price likely to increase from Feb 1

ISLAMABAD: The interim government may raise the petrol price by Rs 8 to Rs 11 per litre with effect from February 1,...

Updated 30 Jan, 2024 10:44am

Pakistan

Govt slashes petrol price by Rs8 per litre; keeps HSD unchanged

New petrol price will be Rs259.34 per litre

Published 15 Jan, 2024 11:40pm

BR Research

Petroleum revenues reach all-time highs

Pakistan’s fiscal operation numbers for 1HFY24 are yet to be announced, but it is almost certain that highest-ever...

Published 10 Jan, 2024 09:08am

BR Research

WPI: Energy prices take center stage

If petroleum prices don’t get you, energy prices will. This has been the story on the inflation front of late. The...

Published 03 Jan, 2024 09:05am

BR Research

Current account roundup: 5MFY24

The economy is unofficially in a zero current account deficit (CAD) mode, and it is an unannounced policy of SBP, as...

Published 19 Dec, 2023 09:05am

BR Research

OMC sales in 5MFY24

The oil marketing companies have been facing weaker oil sales over the last year. Monthly petroleum sales in the...

Published 06 Dec, 2023 09:00am

Markets

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 8	278.28
USD PKR Interbank Buying / May 8	278.03
USD to Japanese Yen / May 8	155.25
USD to Swiss Franc / May 8	0.91
Pound Sterling to USD / May 8	1.25
Euro to USD / May 8	1.07

Stock	Volume
S&P 500 / May 7	5187.70
Nasdaq / May 7	16332.56
Dow Jones / May 7	38884.26
India Sensex / May 8	73566.30
Tokyo Nikkei / May 8	38202.37
Hang Seng / May 8	18325.35
FTSE 100 / May 8	8354.28
Germany DAX 30 / May 8	18528.77

Item	Value
Karachi Cotton PKR/37.32 KG / May 7	19935
Petrol/Litre / May 8	288.49
Crude Oil USD/Barrel / May 8	77.89
Gold 10 Grams PKR / May 8	205075
Gold Spot USD/Ounce / May 8	2314.41
Diesel/Litre / May 8	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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