Tag: Petroleum
Govt jacks up fuel prices
The government on Wednesday notified an increase in petroleum prices, raising petrol price by Rs 0.48 per litre to make it Rs 87.89 per...
‘Put your house in order’ PM Gilani, tells petroleum ministry
Prime Minister Syed Yusuf Raza Gilani directed the Ministry of Petroleum and its concerned departments to put their house in order as the attitude...
ECC to discuss new petroleum policy and low BTU gas policy
The federal cabinet’s Economic Coordination Committee (ECC) will today discuss the Petroleum Ministry’s ambitious plan to restructure the energy sector through its new Petroleum...
NA stresses implementation of petroleum policy
National Assembly Standing Committee on Petroleum on Wednesday advised the Petroleum Ministry to make its implementation mechanism more effective instead of opting for a...
Govt faces opposition in approval of petroleum levy, gas cess
The government’s attempt to smoothly sail through the Senate Standing Committee on Finance with its two money bills for the imposition of petroleum levy...
Kuwait Petroleum monopoly harming national interests
When it comes to Pakistan, monopolisation works even for foreign companies, and the concerned authorities of the country find themselves helpless against diplomatic pressure....
Govt to table bills for petroleum levy, gas cess today
The government will be tabling two money bills, petroleum products levy amendment bill 2011 and gas infrastructure development bill 2011, in the upper house...
New draft petroleum policy – a shift from the status quo?
The draft Petroleum Exploration and Production Policy 2011 proposes allowing locally operating exploration and production companies to construct and operate pipelines for local requirements...
IHC serves notice on Petroleum Ministry
The Islamabad High Court (IHC) issued Friday notice to the Ministry of Petroleum and Natural Resources in the power tariff hike case.
Justice Riaz Ahmed...
NA petroleum committee passes Criminal Law Amendment Bill 2011
The National Assembly Standing Committee on Petroleum and Natural Resources approved recommendations for The Criminal Law (Amendment) Bill 2011. The Committee that met on...
PM directs petroleum ministry to expedite import of LNG
Prime Minister Syed Yusuf Raza Gilani on Tuesday directed the Ministry of Petroleum and Port Qasim Authority (PQA) to expedite the process for...
Rupee depreciation to push POL prices: Petroleum Minister
As the government’s technocratic finance team remains busy in Washington briefing minions of International Monetary Fund (IMF) about their plans on pursuing revenue and...
Petroleum policy to incentivise exploration
Petroleum policy 2011 is to further incentivise the exploration and production companies and encourage drilling activity in the energy starved country. As per reports,...
Govt decides to raise petroleum prices Rs 4 per liter
The government decided to raise Rs 4 per liter on petroleum items by keeping in view increase in the prices of crude oil in...
Petroleum Policy 2011 seeks reduction in appraisal period
The Petroleum Policy 2011 recommends reduction in the appraisal period from two years to one year, exploratory period from nine years to six years...
LPG prices likely to increase due to Petroleum Development Levy
Liquefied petroleum gas (LPG) price is likely to increase by Rs13 per kilogram as Oil and Gas Regulatory Authority (OGRA) has directed all LPG...
Petroleum Ministry rejects allegations of LPGAP
In an unprecedented move, the Ministry of Petroleum came out openly against the Liquefied Petroleum Gas Association of Pakistan (LPGAP) declaring them a mafia,...
