Tag: Petroleum

Tehran has no plans to leave Opec: Iranian oil minister

Iran has no plans to leave the Organisation of the Petroleum Exporting Countries (Opec), Oil Minister Bijan Zanganeh said in an interview published by...

Parliamentary Secretary for Petroleum Raja Riaz resigns

ISLAMABAD: Parliamentary Secretary for Petroleum Raja Riaz on Wednesday tendered his resignation at not being taken into confidence by his party before given responsibilities in the...

Caretakers cut POL prices by Rs6

--Petrol to be sold at Rs95.24 per litre, HSD Rs112.94, Kerosene Rs83.96 and Light Diesel Oil Rs75.37   ISLAMABAD: The caretaker federal government on Saturday night cut...

Senate’s finance committee approves 30 per cent petroleum levy

ISLAMABAD: The standing committee of the Senate on Finance has rejected the 200 percent increase in the levy on petroleum products and approved enhancement...

Two oil tankers overturn in Muzaffargarh

MUZAFFARGARH: A huge quantity of furnace oil and petroleum was spoiled when two tankers overturned in different localities of the city. According to rescue sources, an oil...

Petroleum ministry submits reply in price hike case

ISLAMABAD: Ministry of Petroleum submitted its reply in Islamabad High Court (IHC) regarding the increase in the price of petroleum products on Monday. A bench...

IHC issues notice to petroleum ministry, OGRA over price hike

ISLAMABAD: The Islamabad High Court on Friday issued notices to the petroleum ministry, finance ministry and Oil and Gas Regulatory Authority (OGRA) and directed...

Issue of de-linking petroleum, gas authority from provincial oversight is with...

ISLAMABAD: Prime Minister (PM) Shahid Khaqan Abbasi Wednesday informed the Senate that the issue of de-linking petroleum and gas authority from provincial oversight was with...

Increase of petroleum prices challenged in LHC

The recent increase in the prices of petroleum products has been challenged in the Lahore High Court (LHC). The petitioner Judicial Activism Panel Chairman Azhar...

Petroleum prices likely to increase up to Rs16 per litre

The federal government is likely to hike prices of petroleum goods up to Rs16.71 per litre. According to a news channel, Oil and Gas Regulatory...

PML-N favours good relations with neighbours without compromising on Pak’s stances...

  Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi said on Monday that the incumbent government has always favoured good relations with the...

Prices of petroleum products likely to slide by Rs5.45 per liter...

  Prices of petroleum products could decrease by a further Rs 5.45 per liter from March 1. According to sources, petrol price could go down by...

‘Pakistan’s petroleum prices lowest among fuel-importing countries’

  Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi said on Tuesday that the government was providing fuel to the public on the lowest...

Petrol prices likely to rise from Nov 1

The Oil and Gas Regulatory Authority (OGRA) suggested raising the prices of petrol, diesel and high octane blending component and kerosene on Thursday. The move,...

Govt charging Rs 18 to 34 on POL products per litre:...

Oil and Gas Regulatory Authority (OGRA) has responded to the letter of Pakistan Tehreek-e-Insaf (PTI) concerning petroleum prices. The letter says that government is...

Shahbaz lauds reduction in POL prices

Shahbaz said that immediate steps should be taken with regard to decrease in prices of essential items, fruits and vegetables. He promised that a comprehensive strategy would be evolved for immediate reduction in transport fares. He said institutions concerned should play an active role in providing benefit for reduction in prices of petroleum products to the common man.

Govt gives up five per cent stakes in Pakistan Petroleum Limited

Cabinet Committee on Privatisation endorses strike price of Rs 219 per share to sell 5 per cent shares in PPL, which is Rs 14...