Oil prices

Oil prices edged higher on Monday, lifted by European economic reopening

Disregards Ogra’s order which had reduced gas prices by 6% from July 1

Decides to change petroleum product prices on a fortnightly basis

Minister tells Senate govt has only levied 17% tax on petroleum products

Price Monitoring Committee should monitor prices of essential commodities and report on a weekly basis, says PM Imran

Economic Coordination Committee set to take decision in meeting on Saturday

Russia says oil output dropping close to 8.5m bpd for May and June

Govt decides to adjust revenue losses than to let Ogra-suggested price dip

Brent crude hit near 21-year low last month as pandemic squeezed demand

Oil prices have tumbled in recent weeks over the new coronavirus pandemic