No more business as usual—II Known solutions to our problems start with merit-based governance and justice system adhering to our Constitution.... Updated 05 Oct, 2023 06:51am
Business & Finance Sept POL products’ sales plunge 31pc to 1.06m tons YoY KARACHI: The petroleum products sales declined to 1.06 million tons, ie, down significantly by 31 percent YoY and 25... Published 04 Oct, 2023 06:20am
Markets PSO inaugurates aircraft refuelling facility at Quetta airport KARACHI: In a landmark achievement, PSO has reached a remarkable milestone by inaugurating its state-of-the-art... Published 18 Sep, 2023 06:32am
Print Another big hike in fuel prices on the cards ISLAMABAD: The interim government may announce, once again, a significant raise in the ex-depot prices of petroleum... Updated 14 Sep, 2023 10:58am
Markets Minister asks PSO management to ‘minimise’ circular debt ISLAMABAD: Federal Minister for Energy, Muhammad Ali, held an important meeting with the Pakistan State Oil (PSO)... Published 12 Sep, 2023 06:22am
Business & Finance Current Ogra pricing: Exchange rate adjustment for PSO not incorporated: OCAC ISLAMABAD: The Oil Companies Advisory Council (OCAC) says that the exchange rate adjustment for Pakistan State Oil... Published 07 Sep, 2023 06:21am
Business & Finance Petrol and diesel: Exchange adjustment rate for PSO kept at Rs4.24, Rs2.62 per litre ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has kept Rs4.24 and Rs2.62 per litre exchange adjustment rate... Updated 06 Sep, 2023 09:49am
Markets Aug petroleum sales decline 8pc to 1.41m of tons YoY KARACHI: The total sales of petroleum products in the country clocked-in at 1.41 million of tons in August 2023,... Published 04 Sep, 2023 06:21am
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
BR Research PSO in FY23 Pakistan State Oil Company Limited (PSX: PSO) announced its financial performance for FY23 yesterday with an... Published 24 Aug, 2023 08:49am
Opinion Petrol prices in India and Pakistan: the differential The price of petrol is regulated in both India and Pakistan. It is sold at a price fixed by the governments of the... Updated 24 Aug, 2023 10:31am
Business & Finance PSO receivables reach all-time high of Rs740bn ISLAMABAD: The Pakistan State Oil’s (PSO) receivables reached an all-time high of Rs740 billion, with the Sui... Updated 24 Aug, 2023 09:33am
Business & Finance Resilience in challenging energy market: PSO posts Rs3.6trn gross revenue, Rs5.7bn profit after tax KARACHI: PSO, the nation’s leading energy company, has achieved remarkable progress and demonstrated resilience in... Published 24 Aug, 2023 06:22am
Markets PSO’s profit plunges 90% in FY2022-23 Pakistan State Oil Company Limited’s (PSO) profit-after-tax (PAT) plunged nearly 90%, clocking in at Rs9.82 billion... Updated 23 Aug, 2023 05:08pm
Markets PSO unveils aircraft refuelling facility at Skardu KARACHI: Pioneering the way forward in Pakistan’s energy sector, Pakistan State Oil (PSO) has yet again made its... Published 12 Aug, 2023 06:26am
Markets MSCI adds 41 PSX companies to Small Cap, 15 to Frontier Markets Indexes In a positive development, Morgan Stanley Capital International (MSCI) Inc in its results of the August 2023 index... Updated 11 Aug, 2023 05:40pm
Business & Finance July oil sales down 6pc to 1.35MTs YoY KARACHI: Pakistan’s oil sales in July 2023 clocked in at 1.35 million tons, down 6.0 percent on YoY and flat on... Published 03 Aug, 2023 05:54am
Business & Finance Govt hikes petrol and HSD prices, albeit ‘reluctantly’ ISLAMABAD: The coalition government of Pakistan Muslim League-Nawaz (PML-N) has allowed a significant raise of ... Published 02 Aug, 2023 06:47am
Print Greenfield refinery project in Balochistan: 4 SOEs to join hands ISLAMABAD: Four Pakistani state-owned oil and gas companies signed a MoU amid advance-level negotiation with Saudi... Updated 28 Jul, 2023 09:38am
Markets OGDCL, PSO ink agreement for ‘greenfield refinery project’ in Balochistan MoU signed between both companies for cooperation/collaboration and joint investment strategy for setting up project under consortium arrangement with foreign investors Updated 27 Jul, 2023 05:06pm
Markets 1.5pc raise in LNG prices for SSGC consumers for July ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has notified a 1.5 per cent raise in LNG prices for the Sui... Published 19 Jul, 2023 03:21am
Markets Ogra rebuts resentment shown by oil industry ISLAMABAD. The Oil and Gas Regulatory Authority (Ogra) rebutted resentment shown by the oil industry questioning the... Published 19 Jul, 2023 03:21am
Print OCAC assails Ogra’s HSD price cut decision ISLAMABAD: The Oil Companies Advisory Council (OCAC) blamed the Oil and Gas Regulatory Authority (OGRA) that forced... Updated 18 Jul, 2023 08:59am
Print Petrol price: relief likely ISLAMABAD: Consumers may get a relief of Rs6.50 per litre on account of cut in price of petrol effective from July... Updated 29 Jun, 2023 03:24pm
Print Petrol price likely to decline ISLAMABAD: The price of motor spirit (MS) is likely to decline by Rs1.90 per litre but the high-speed diesel (HSD)... Updated 15 Jun, 2023 09:01am
Print Rs327bn hike in PL proposed ISLAMABAD: Federal government has proposed to increase the petroleum levy (PL) on petroleum products by Rs 327... Published 10 Jun, 2023 04:47am
Print Subsidies raised to Rs1.074trn ISLAMABAD: The federal government has budgeted an increase in subsidies by 62 percent, ie, from Rs 664 billion in... Published 10 Jun, 2023 04:42am
Markets Fuel supply resumes in twin cities ISLAMABAD: All Pakistan PSO, cartage North Zone, Sihala, on Monday, resumed the fuel supply in the twin cities of... Published 06 Jun, 2023 05:33am
Markets Pakistan’s petroleum sales plummet 40% year-on-year in May Sale of petroleum products in Pakistan clocked in at 1.3 million tons in May 2023, a decline of over 40%... Published 02 Jun, 2023 04:42pm
Print Transportation of HSD: APL proposes to repurpose its Hub-ZOT pipeline ISLAMABAD: Asia Petroleum Limited (APL) has proposed repurposing its pipeline to transport High Speed Diesel (HSD)... Updated 29 May, 2023 09:03am