Oil companies facing Rs35bn loss due to forex losses, LCs issue: OMAP LAHORE: The Oil Marketing Association of Pakistan (OMAP) on Monday said that oil marketing companies (OMCs) are... Published 21 Feb, 2023 05:57am
BR Research PSO – inventory losses diminish earnings While the oil marketing companies had seen robust sales of petroleum products in most of FY22, the petroleum sales... Published 20 Feb, 2023 09:09am
Markets Unconsolidated: PSO reports loss of Rs4.56bn in 2QFY23 Pakistan State Oil Company Limited (PSO) on Friday reported its unconsolidated loss for the second quarter of fiscal... Published 17 Feb, 2023 04:19pm
Print Rs9.92/litre on petrol, Rs13.12 on HSD: PSO allowed exchange rate adjustment ISLAMABAD: The federal government allowed the Pakistan State Oil (PSO) an exchange rate adjustment of Rs9.92 per... Updated 17 Feb, 2023 08:47am
Business & Finance Ogra reduces prices of imported LNG for Feb ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Monday announced a little reduction in imported LNG prices... Published 14 Feb, 2023 05:58am
Business & Finance 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 Pakistan’s oil industry on brink of collapse, says OCAC In letter to energy ministry and Ogra chairman, body makes case for enhancing trade finance limits in wake of rupee depreciation Published 03 Feb, 2023 09:56pm
Markets OMAP requests Ogra chief to save oil industry from financial crisis LAHORE: The Oil Marketing Association of Pakistan (OMAP) has requested the chairman Oil and Gas Regulatory Authority... Published 03 Feb, 2023 06:17am
Print Panel asks PD to broker agreements between govt, gas producing provinces ISLAMABAD: A parliamentary panel, on Thursday, asked the Petroleum Division to provide gas sale and purchase... Updated 03 Feb, 2023 08:57am
Markets Sales of petroleum products plummet 20% year-on-year Sales of total petroleum products clocked in at 1.44 million tons in January 2023, a massive decline of 20% on a... Published 02 Feb, 2023 05:19pm
Print Country braces for fuel shortages? KARACHI: Pakistan could face a crunch in fuel supplies in February as banks have stopped financing and facilitating... Updated 01 Feb, 2023 08:54am
Business & Finance PSO says fuel being supplied across country smoothly KARACHI: The Pakistan State Oil (PSO) has said there is no shortage of petroleum products in the country. In a... Published 25 Jan, 2023 06:58am
Opinion Energy sector reforms – II: low-hanging fruit rotting Building on previous op-eds, we are aware of Pakistan’s energy sector challenges and measures requiring execution in... Published 25 Jan, 2023 06:25am
Print Import of LNG: ECC is all set to approve PLL-SOCAR pact ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is all set to approve the pact between Pakistan... Updated 25 Jan, 2023 08:53am
Markets PSO sends huge quantity of petrol, diesel to Mansehra MANSEHRA: While taking notice of the shortage of petroleum products in the district Mansehra, Area Manager of... Published 24 Jan, 2023 08:16am
Markets Oil prices may be kept unchanged ISLAMABAD: Based on the existing petroleum levy (PL) and general sales tax (GST) on petroleum products, an estimated... Published 14 Jan, 2023 06:22am
Markets Ogra notifies decline in prices of LNG ISLAMABAD: The Oil and Gas Regulating Authority (OGRA), on Thursday, notified a decline in the prices of LNG for the... Published 13 Jan, 2023 07:12am
Print Kuwait Petroleum Corporation dues: PSO asks PD to provide $220m payment ISLAMABAD: Pakistan State Oil (PSO) on Thursday asked the Petroleum Division for a payment of $220 million to Kuwait... Updated 13 Jan, 2023 08:54am
Markets Dec oil sales drop by 14pc MoM to 1.34m tons KARACHI: In December 2022 oil sales in the country decreased by 14 percent on month-on-month basis to 1.34 million... Published 04 Jan, 2023 06:59am
Print ECC allows export of additional quantity of sugar ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has allowed export of additional 150,000 tons of... Updated 04 Jan, 2023 09:40am
Markets Petroleum products: sales down 11% year-on-year to 1.33mn tons in December Sales of total petroleum products clocked in at 1.33 million tons in December 2022, a decline of over 11% on a... Published 03 Jan, 2023 03:37pm
Editorials Circular debt challenge EDITORIAL: The power sector circular debt has crossed the Rs 2.5 trillion mark and is growing. None of the political... Updated 02 Jan, 2023 04:43pm
Print PSO’s circular debt soars to around Rs600bn ISLAMABAD: Pakistan State Oil Company Limited’s (PSOCL’s) circular debt has reached around Rs600 billion... Updated 31 Dec, 2022 08:49am
Opinion Energy sector reforms — I My previous op-ed, summed up Pakistan’s gas supply position vis-à-vis the current demand, prevailing geo-political... Published 29 Dec, 2022 05:59am
Opinion Oily matters - III Deregulating the oil sector: Business circles in the oil sector have been lobbying for deregulating the oil sector,... Published 25 Dec, 2022 03:29am
Markets ‘Exchange losses’: Non-provision of needed funds worries Petroleum Division ISLAMABAD: The Petroleum Division is said to have expressed its concerns on the Finance Division’s ‘apathy’ with... Updated 22 Dec, 2022 12:33pm
Business & Finance Gas sector 10-member body formed on circular debt settlement ISLAMABAD: The Finance Division constituted a 10-member committee on circular debt settlement of the gas sector on... Updated 22 Dec, 2022 09:39am
Print Import of LNG: PLL likely to ink accord with SOCAR Since the validity of price offered by SOCAR will be less than 24 hours, PLL BoD may accept or reject the LNG cargoes based on the suitability of the price Updated 19 Dec, 2022 12:01pm
Markets PSO launches fully synthetic CK-4 graded diesel engine oil KARACHI: Staying true to its commitment of driving the energy sector forward, the leading energy company, Pakistan... Published 17 Dec, 2022 05:58am
Print PSO may acquire govt stakes in NPP, Gepco Cabinet Committee on Privatisation directs Privatisation Division to continue process of financial evaluation of NPP and GPP along with their assets Updated 17 Dec, 2022 06:00pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?