Trends - petroleum - Business Recorder

petroleum

Allocation for defence raised by 6.2percent

ISLAMABAD: Allocation for defence for Fiscal Year 2021-22 has been raised by 6.2 percent, from Rs1.292 trillion in...

Published 12 Jun, 2021 05:04am

Markets

May POL sales up 14pc YoY

KARACHI: Total petroleum and lubricant sales clocked-in at 1.69 million tons in May 2021, depicting an increase of ...

Published 03 Jun, 2021 04:13am

BR Research

Petroleum: Taxes no more the priority

Petroleum prices are not making much news these days. For one, it has now become a 15-day affair and that takes some...

Published 02 Jun, 2021 07:35am

Pakistan

Attack on Asad Toor: LEAs close to tracing one of 3 attackers: Rashid

ISLAMABAD: Interior Minister Sheikh Rashid, on Tuesday, said that Kuwait has restored granting visas to Pakistani...

Published 02 Jun, 2021 04:29am

PPL declares exemption of Sui mining lease area

KARACHI: Pakistan Petroleum Limited (PPL) has announced that the Sui mining lease area has been exempted by the...

Published 29 May, 2021 03:59am

Markets

PSO launches digitally integrated oil terminal

KARACHI: The nation's most progressive energy company, Pakistan State Oil (PSO), has once again taken the lead in...

Published 09 May, 2021 03:20am

Pakistan

Turkmenistan envoy apprises Hammad of Tapi project

ISLAMABAD: Atadjan Movlamov, Ambassador of Turkmenistan to Pakistan called on Federal Minister for Energy Muhammad...

Updated 05 May, 2021 10:35am

Pakistan

Petroleum, lubricant sales clock in at 1.67m tons

KARACHI: Total petroleum and lubricant sales clocked in at 1.67 million tons in April 2021, depicting a gigantic...

Updated 05 May, 2021 10:35am

Markets

MoE to submit new refinery policy to ECC next week

ISLAMABAD: Ministry of Energy (MoE) is likely to submit new refinery policy to the Economic Coordination Committee...

Published 22 Apr, 2021 03:55am

Opinion

Clean crude? Oil firms use offsets to claim green barrels

In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a...

Published 17 Apr, 2021 03:28am

Pakistan

Pakistan’s economy can't afford any hike in power tariff: Tabish

He said IMF has imposed condition on Pakistan to enhance tariff in electricity sector but our economic condition could not afford such hike.

Published 13 Apr, 2021 11:57pm

Markets

Oil rises 1pc after robust China data but J&J vaccine pause weighs

Crude oil imports into China jumped 21pc in March from a low base a year earlier as refiners ramped up operations.

Published 13 Apr, 2021 11:45pm

Markets

Petrol and diesel: OMCs directed to build up stocks

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA), on Wednesday, directed the Oil Marketing Companies (OMCs) to...

Published 08 Apr, 2021 04:10am

BR Research

OMC sales buoyed

Petroleum sales in the country for March 2021 were seen climbing by 44 percent year-on-year with furnace oil volumes...

Published 05 Apr, 2021 07:40am

BR Research

Inflationary pressures – staying put?

Having hit a low of 5.7 percent in Jan 2021, headline inflation is expectedly up – 9.1 percent in Mar 2021. The...

Published 05 Apr, 2021 07:25am

POL sales jump 44pc YoY

KARACHI: Petroleum and lubricant sales clocked in at 1.49 million tons in March 2021, depicting a gigantic growth of...

Published 03 Apr, 2021 03:41am

Markets

Ogra slashes price of LPG cylinders

ISLAMABAD: In a monthly price review, the Oil and Gas Regulatory Authority (Ogra) has slashed the prices of domestic...

Published 01 Apr, 2021 04:10am

POL products’ prices reduced

ISLAMABAD: The federal government Wedn-esday announced a decrease in the rates of petroleum products in the first...

Published 01 Apr, 2021 04:10am

Business & Finance

Byco to be rechristened as Cinergyco

KARACHI: The Board of Directors of Byco Petroleum Pakistan Limited has considered and approved a change in the...

Published 01 Apr, 2021 04:10am

Gauhar re-designated as SAPM on power and petroleum

ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Power Tabish Gauhar was given, on Tuesday, additional...

Published 31 Mar, 2021 05:42am

Markets

Oil gains as focus switches to OPEC+ extending output cuts

More than 127.43 million people have been reported to be infected by the novel coronavirus globally, and the death toll is approaching 3 million, according to a Reuters tally.

Published 30 Mar, 2021 11:09am

Petroleum shortages: SAPM on petroleum asked to step down

ISLAMABAD: Special Assistant to the Prime Minister on Petroleum, Nadeem Babar, has been asked by Prime Minister ...

Published 27 Mar, 2021 05:41am

Business & Finance

Irish goods imports from Britain fall 65pc in January after Brexit

DUBLIN: Irish goods imports from Britain fell by 65% in January from the same month last year as traders grappled...

Published 19 Mar, 2021 05:32am

Markets

Oil falls 2pc as inventories rise and vaccine rollout stalls

Brent crude fell $1.47, or 2.16%, to $66.53 a barrel.
US oil was down $1.50, or 2.32%, at $63.10 after shedding 0.3% in the previous session.

Published 18 Mar, 2021 07:33pm

Business & Finance

Rising food, POL rate in intl markets escalating Pakistan's inflation rate, says expert

“If you look at the petroleum products in December receiving oil at $40 per barrel which now stands at $70 per barrel,” he said. The rise in rates of food and petroleum production ports in the international market have affected the domestic market, said Suleri.

Published 16 Mar, 2021 12:14pm

Business & Finance

Oil marketing companies: IPI asks govt to review turnover tax

ISLAMABAD: A think tank Islamabad Policy Institute has asked the government to review the turnover tax on the oil...

Published 13 Mar, 2021 04:28am

Markets

Mari Petroleum wins CSR award

ISLAMABAD: Mari Petroleum Company Limited has won three prestigious awards i.e. Best CSR Practices and ...

Published 06 Mar, 2021 05:01am

BR Research

The PL challenge gets tougher

As movement restrictions ease, the petroleum sales seem to have lost some steam, that was evident in the first six...

Published 04 Mar, 2021 07:30am

Pakistan

Feb POL sales up 26pc YoY

KARACHI: Total petroleum and lubricant sales clocked-in at 1.40 million tons in February 2021, depicting a...

Updated 03 Mar, 2021 09:40am

BR Research

Petroleum levy below the IMF floor

It was only a matter of time before the government’s ability to continue to tax petroleum products was going to be...

Published 02 Mar, 2021 07:30am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Petrol/Litre / Apr 26	293.94
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Diesel/Litre / Apr 26	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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