Petroleum

Oil marketing companies seek recovery of Rs26b exchange rate loss

A $5.14 reduction per barrel in global oil prices may cause a slash of Rs12 per litre in petroleum prices

Aims to bolster market dynamics and consumer benefits

Argue preference being given to LNG imports over ramping up local production

Warns of industry collapse, unemployment amid rising production costs

Rising sales signal economic stability amid smuggling risks

Research house predicts challenges in IMF negotiations, oil market volatility

Firms exploring oil, gas in K-P, Balochistan to get wellhead price

Petroleum Division seeks recovery of 50% price differential on subsidised gas

Record high prices drive down oil demand to 1.06m tons in Sept

Rules and Privileges Committee decides to write to the PM Secretariat on absence of ex-petroleum secretary

Despite yearly decline, sale of diesel and petrol saw increases of 11% and 5% in August

Malik says Russia to potentially give Pakistan higher discount than other countries

Meeting was informed that according to the report, Sindh had suffered the most from the floods

Minister of state says Moscow will send delegation to Islamabad next month to finalise deal

Govt backs away from its promise to levy super tax for only one year

Senate panel irked over biting load-sheddings

While actors Aijaz Aslam, Fahad Mustafa took a dig at the PM, Shaan reinstated that the price hike was global.

Govt collects one-third of import taxes from petroleum, cooking oil products

Company declared final dividend of Rs75 per share, taking total payout to Rs141 for FY21

Company will collaborate with MOL Pakistan to jointly perform exploration activities

Spike in demand for furnace oil drives growth

Earlier, experts had advised govt against hedging as global prices were volatile

New mechanism comes on demand of petroleum industry

Move aimed at addressing volatility in petroleum product prices

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

Oil tankers association calls nationwide strike against an increase in toll tax, diesel price

IHC issue notices to the Ministry of Energy, fuel crisis committee, Ogra and FIA for June 25

Legal experts says no consequential losses allowed in LNG terminal contract; $71 million claim will fail

Allege oil firms delayed import of petroleum products, violated rules

Move aimed at shielding oil industry from hefty losses

Parts of the truck fell into a nearby parking stand, causing several vehicles to catch fire

Official says OMCs' reluctance to lift oil may also lead to gas crisis

Aims to slash taxes, link locally produced LPG with 90% of Saudi Aramco contract price

Rise comes mainly due to rupee fall, higher oil and gas prices

Look for duty and tax relief, furnace oil consumption in power plants over next five years

Board declares interim cash dividend of Rs20 per share for half year

National Refinery, Attock Refinery report losses for Jul-Dec 2019

Rates of grocery items see hikes even before rise in petroleum prices

It will define regulatory functions, attract investment, develop resource base

May face shutdown if furnace oil supply remains suspended

OGRA, however, recommended reduction of up to 2.6%

PM aide apprises Canadian firms of investment avenues in Pakistan

Say crude oil value has gone down by 29% but the decrease offered by govt is much less

The govt has not passed on relief to consumers of HSD which is widely used in agriculture and transport sectors

Companies will invest $13.6m over a period of three years

It is vital to bring policy innovations to ease burden on lower income group

Current govt has spread disappointment among masses: ANP

SHC rejects request to adjourn hearing of pleas against increase in petroleum products prices

Meeting will discuss whether to transfer entire or partial burden on consumers or defer the increase