PSO – earnings smash record The oil marketing companies have seen robust sales of petroleum products in the 9MFY22 due to high demand despite... Published 12 May, 2022 10:19am
Business & Finance PSO posts record nine-month Rs68.4bn PAT KARACHI: Pakistan State Oil Co Limited (PSO) continues to dominate the energy market, reporting highest ever... Published 29 Apr, 2022 05:43am
Print KSA offered sites in Hub, Gwadar to set up oil refinery ISLAMABAD: Pakistan has offered two locations- Hub and Gwadar, to Saudi Arabia for establishment of oil refinery in... Updated 27 Apr, 2022 10:41am
Print PSO arranges five extra cargoes of diesel KARACHI: In view of the increasing demand of diesel, mainly due to harvesting season and limited product... Updated 26 Apr, 2022 09:58am
Print Failure to buy LNG from spot market: Gas crisis set to simmer in summer Only eight LNG cargoes will be imported for April against the demand of 12 Updated 13 Apr, 2022 01:51pm
Markets PSO renews partnership with TEA KARACHI: Pakistan’s largest energy company - Pakistan State Oil (PSO), has signed Fuel Supply and Technical... Published 02 Apr, 2022 04:14am
Print High-speed diesel on a fortnightly basis: ECC decides to revise premium mechanism for import ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to revise the premium mechanism for... Updated 26 Mar, 2022 10:45am
Markets Senate panel told: PSO has invited bids for additional diesel supply ISLAMABAD: A parliamentary panel, on Thursday, was apprised that the Pakistan State Oil (PSO) with 50 percent market... Published 18 Mar, 2022 05:20am
Markets Global oil supply disruptions leave Pakistan reeling Sanctions on Russia mean companies like Pakistan State Oil are struggling to secure diesel supplies Updated 16 Mar, 2022 01:51pm
BR Research Petrol in peril The government has reduced the petroleum (petrol and diesel) prices by Rs10/liter to ease the pressure of inflation... Published 07 Mar, 2022 05:52am
Markets Chinese power plants: CPPA-G seeks additional Rs100bn to clear dues ISLAMABAD: The Central Power Purchasing Agency-Guaranteed (CPPA-G) has sought Rs 100 billion more from the ... Published 02 Mar, 2022 04:35am
Markets PSO says freight rates not its domain KARACHI: Pakistan State Oil Company (PSO) has said that freight rates are determined and regulated by Oil and Gas... Published 22 Feb, 2022 04:43am
Print Abolishment of CDC: CCoTL seeks report on impact Directs Pakistan LNG Limited to make a presentation on the impact of cost savings passed on to the consumers due to the abolishment of Channel Development Cess Updated 20 Feb, 2022 02:20pm
Markets ‘Import of LNG under G-to-G from Qatar’ PSO underscores need for agreement ramp-up ISLAMABAD: Pakistan State Oil (PSO) has proposed to the government to request Qatar Gas for early ramp-up of second... Published 18 Feb, 2022 04:31am
Print GPP, NPP: MoF asked to expedite sell-off approval process ISLAMABAD: Ministry of Finance (MoF) has directed the Ministry of Energy to expedite approval of privatisation of... Updated 18 Feb, 2022 09:56am
BR Research PSO – earnings revving The downstream oil marketing sector has been seen rising volumes post the early pandemic times due to economic... Published 17 Feb, 2022 10:24am
Business & Finance PSO registers highest-ever H1 gross revenue of Rs1.12trn KARACHI: The country’s largest energy company, Pakistan State Oil (PSO) continues to gain momentum and outperform... Published 12 Feb, 2022 05:09am
Opinion Container transportation by rail Federal Minister for Railways Mohammed Azam Khan Swati has claimed that: “Pakistan Railways shall triple the... Published 05 Feb, 2022 05:47am
Markets Jan oil sales rise 19pc to 1.8m tons YoY KARACHI: The oil sales in the country clocked in at 1.8 million tons in January 2022, up 19 percent on year-on-year... Published 03 Feb, 2022 04:02am
Pakistan PSO, Pakistan Railways sign MoU KARACHI: The country’s leading energy company, Pakistan State Oil (PSO) further strengthens its strategic... Published 25 Jan, 2022 05:03am
Opinion LNG market & its challenges—II Last summer, Pakistan (PSO) paid an exorbitant price of ~$20.06 per MMBtu, for a 138,000 MT of LNG cargo that was ... Published 17 Jan, 2022 07:06am
Markets POL items’ supply chain: PSO urges MoF, MoE to arrange Rs50bn before 31st ISLAMABAD: Pakistan State Oil (PSO) has sent an SOS to Ministry of Energy and Ministry of Finance to arrange Rs 50... Published 13 Jan, 2022 07:17am
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 03 Jan, 2022 07:48am
Print PSO: power sector key defaulter ISLAMABAD: The circular debt of Pakistan State Oil (PSO) has reached all-time high at Rs425.446 billion by ... Published 01 Jan, 2022 04:07am
Markets Furnace oil: refineries make formal request to petroleum division ISLAMABAD: Local refineries reminded the Petroleum Division Thursday that they are supplying over 11 million MT per... Published 10 Dec, 2021 04:29am
Print PSO receivables hit Rs402.863bn mark The company announced its highest-ever after-tax profit of Rs29 billion for financial year 2020-21 Updated 28 Nov, 2021 10:01am
Pakistan Petrol pumps in Lahore: partial strike observed LAHORE: In Lahore the strike called by petroleum dealers was partial. Almost all petrol pumps of Pakistan State Oil... Published 26 Nov, 2021 05:15am
Pakistan Amid strike-call, PSO and Shell say these petrol stations are still operating Release list of locations functioning as petroleum dealers announce nationwide strike Published 25 Nov, 2021 12:18pm
Pakistan PSO, Shell Pakistan, Total stations to remain open today ISLAMABAD: The Petroleum Division, on Wednesday, stated that petrol stations owned by oil marketing companies (OMCs)... Published 25 Nov, 2021 03:53am
Print Circular debt of PSO soars to all-time high ISLAMABAD: The circular debt of Pakistan State Oil (PSO) has reached all-time high of Rs397.5 billion in November.... Published 19 Nov, 2021 04:35am