Determination of ERR, PERR: Ogra refuses to include cost of RLNG diversion ISLAMABAD: Oil and Gas Regulatory Authority (Ogra) has reportedly refused to include cost of RLNG diversion in the... Updated 14 Dec, 2022 09:58am
BR Research Pakistan State Oil Being the largest marketing company, Pakistan State Oil (PSX: PSO) has the largest market share in the OMC sector... Published 09 Dec, 2022 08:46am
Markets OMCs take a hit as petroleum sales drop in Pakistan Sales of oil marketing companies (OMCs) took a hit after Pakistan’s petroleum products bore the brunt of economic... Updated 02 Dec, 2022 05:20pm
Print PD seeks Rs118.75bn supplementary grant ISLAMABAD: Petroleum Division has sought Rs 118.75 billion supplementary grant as subsidy and balance available... Updated 14 Nov, 2022 10:09am
Business & Finance SSGCL faces financial crunch ISLAMABAD: Sui Southern Gas Company Limited (SSGCL) is reportedly facing a severe financial crunch due to ... Updated 13 Nov, 2022 11:27am
Business & Finance OCAC reports increase in sales trend of fuel products in November KARACHI: The Oil Companies Advisory Council (OCAC) has reported an increasing sales trend of fuel products in the... Published 09 Nov, 2022 03:41am
Print Upper limit of premium raised to $15/barrel: OMCs allowed to recover Rs10/litre on HSD for 2 months ISLAMABAD: The government has allowed Oil Marketing Companies (OMCs) to recover Rs10 per litre on High-Speed Diesel... Updated 08 Nov, 2022 09:48am
Markets PD suspends tank lorries’ upgradation till inception of White Oil Pipeline ISLAMABAD: The Petroleum Division has suspended the upgradation of tank lorries for transportation of highly... Published 03 Nov, 2022 05:50am
Markets Oil sales increase by 9pc MoM KARACHI: Pakistan oil sales in October 2022 increased by 9.0 percent on month-on-month basis to 1.66 million tons... Published 03 Nov, 2022 05:50am
Markets Oil sales up 9% in October amid improved mobility post-floods Month-on-month increase in oil sales led by improved mobility post floods Updated 02 Nov, 2022 04:33pm
BR Research PSO – 1Q profits decline The oil marketing companies have seen robust sales of petroleum products in most ofFY22. Higher volumes and higher... Published 02 Nov, 2022 09:02am
Print Oil rate cut may not benefit consumers if PL adjusted ISLAMABAD: The general public may not be passed on an estimated Rs 2.80 per litre price reduction in petrol price in... Updated 30 Oct, 2022 01:22pm
Markets Financial year 2021-22: PSO posts all-time high gross revenue of Rs2.7trn KARACHI: The national energy icon - Pakistan State Oil (PSO) - convened its 46th Annual General Meeting (AGM) for... Published 27 Oct, 2022 07:01am
BR Research Pakistan State Oil Being the largest marketing company, Pakistan State Oil (PSX: PSO) has the largest market share I the OMC sector... Published 24 Oct, 2022 08:43am
Print Russian oil idea unlikely to get traction in Pakistan Can save no more than $1bn a year due to limited local oil refineries' capacity and their long-term contracts with Middle East oil companies Updated 21 Oct, 2022 11:18am
Markets PSO awarded $14.6 million after winning arbitration case against Gunvor London Court of International Arbitration sided with PSO which had reduced payments to Gunvor due to overcharged shipments Published 12 Oct, 2022 06:36pm
Markets Full compensation sought for all companies: Oil industry suffers Rs50bn losses due to forex issues LAHORE: The oil industry has suffered a loss of Rs 50 billion on account of foreign exchange losses between July 1,... Published 03 Oct, 2022 05:52am
Business & Finance Cash-strapped PSO’s receivables hit Rs583.2bn mark ISLAMABAD: Faced with serious financial constraints, Pakistan State Oil (PSO) has repeatedly approached the federal... Updated 23 Sep, 2022 09:50am
Print Petrol price raised by Rs1.45 per litre ISLAMABAD: The federal government Wednesday announced an increase of Rs1.45 per litre in the price of petrol. The... Published 22 Sep, 2022 05:48am
Markets PSO eyes building $500mn LNG terminal near Karachi: report State-owned corporation also intends to enter digital payments sector, planning to apply for a licence to become a mobile wallet operator, says CEO Updated 19 Sep, 2022 04:44pm
Print Allowing IPPs to buy fuel from ‘any OMC’ irks PSO ISLAMABAD: Pakistan State Oil (PSO), the state-owned fuel supplier, is annoyed with Central Power Purchasing Agency-... Updated 17 Sep, 2022 09:59am
BR Research LNG: Prices stabilize LNG continues to be a much sought-after commodity. The race to procure more and more vessels come winters will get... Published 13 Sep, 2022 08:59am
Business & Finance Silkbank, PSO sign agreement KARACHI: Silkbank with a leading stake in the credit card market has entered into an agreement with PSO to ... Published 12 Sep, 2022 06:01am
Opinion Deregulating versus regulating oil prices Energy plays a pivotal role in any nation’s economic development and there are many different sources of it,... Published 04 Sep, 2022 05:44am
Markets Aug oil sales up 6pc MoM due to low base effect KARACHI: Pakistan oil sales in August 2022 witnessed increase of 6 percent on Month-on-Month (MoM) basis at 1.5... Updated 03 Sep, 2022 12:38pm
BR Research PSO – earnings pouring The oil marketing companies have seen robust sales of petroleum products in most ofFY22.Higher volumes as well as... Published 30 Aug, 2022 08:39am
Print PSO scraps HSFO delivery tenders ISLAMABAD: Pakistan State Oil (PSO) has scrapped tenders for delivery of High Sulphur Furnace Oil (HSFO) cargoes for... Updated 29 Aug, 2022 09:49am
Business & Finance FY22: PSO’s profit skyrockets to Rs95.7bn, up 223% driven by strong sales Earnings per share clock in at Rs194.35 compared to EPS of Rs62.63 in FY21 Net sales during FY22 clock in at mammoth Rs2.54 trillion Published 26 Aug, 2022 04:57pm
Opinion Deregulating the oil sector — II The two biggest risks are demand-supply manipulation, creating shortages and manipulate prices. Shortages can be... Published 24 Aug, 2022 05:08am
Pakistan Parliamentary body threatens to issue summons to minister, secretary ISLAMABAD: A parliamentary committee expressed displeasure over the continued absence of the minister of state and... Published 24 Aug, 2022 05:08am