Pakistan State Oil

Varying amounts of vapours are emitted from car fuel tanks during filling

PSO international payments swell as petrol sales drop by 32%, rupee devalues against US dollar

Covid-19 pandemic, preceded by the Saudi-Russia oil price war, brought unprecedented challenges

Heavy rainfall and flooding in Karachi affect refinery’s operations

New mechanism comes on demand of petroleum industry

Proposal for call option for two years sent to ECC for approval

Tells petroleum division stocks at OMCs across the country plummet to an average of 2-3 days requirement

Pakistan Refinery Limited says OMCs are importing, not lifting locally produced oil products

Objects to participation of only Islamic banks in the process

SNGPL will receive $10.4822 per mmbtu, SSGC will get $10.4602

Islamabad, Moscow discuss joint projects for developing oil, gas fields

OMC also suffers loss of over Rs800m in LNG business in Q1

Decline comes on back of surge in finance cost

Faraz says dept not accepting its mistake as no one was ready to take responsibility

Robust other income protects profit from steep fall

Calls for reversing decision that allows PSO import of petrol and LSFO

Fuel oil prices fall from multi-year highs in Asia’s energy market

Increase mainly due to higher sales and income from other than core business

Directs PSO to start purchasing fuel oil for supply to power plants

They filed returns but managed to get away without contributing

Says such gasoline damages vehicle engines; OGRA to start probe

Company is compelled to take loans as clients delay payments for fuel supply

Of the total, power producers owe Rs246.7b for fuel supplies

Benchmark KSE 100-share Index gains 210.11 points

Oman-based firm awarded first contract, first consignment will see arrival of 55,000 tons

Azam Khan was remanded to judicial custody on October 14, 2015, following his arrest in connection with the inquiry