Uncertainty in oil price determination creates cash flow problems for industry

Price of petrol increased by Rs6.72 per litre

Cite reduced profit due to inflation, turnover tax and high interest rates

NEPRA says increase will be applicable in August bills only

Cabinet forms ministerial body to fix responsibility, present recommendations in two weeks

Power utility to recover high fuel cost in consumer bills of August and September

Cabinet dismisses proposal of issuing binding instructions for commercial deals

Pakistan requires German political and diplomatic support for new GSP+ application

Says special permission for release of consignments from ports will send wrong signals

In new policy, market forces will determine margins of OMCs and refineries