Tag: Petroleum

LPG Association of Pakistan (LPGAP) and All Pakistan LPG Distributors have rejected the imposition of petroleum levy of around $150 per metric on locally...

The exports of petroleum and coal products witnessed a wide surge of 152.56 per cent during the first month of the current fiscal year...

Federal Petroleum and Natural Resources Secretary Muhammad Ejaz Chaudhry said on Thursday domestic consumers would not be able to afford Pak-Iran gas project. Briefing...

The audit report on the accounts of receipts of the Petroleum Ministry states that because of systemic deficiencies and a lack of internal controls,...

The Pakistan Economy Watch (PEW) on Sunday asked to Supreme Court to intervene in the issue of petroleum shortages across the country and bring...

Karachi, Lahore, Islamabad and much of the rest of the country remained without petrol on Thursday as well, as the Pakistan State Oil (PSO)...

Prime Minister Syed Yusuf Raza Gilani has directed the Ministry of Petroleum to submit the proposed plan for establishment of power project in PARCO...

The citizens had to face a great inconvenience owing to shortage of petrol, diesel and CNG in the district. Reportedly, the dealers and owners of...

ISLAMABAD - In the upcoming cabinet extension phase, newly-elected Senator Dr Asim is likely to get the portfolio of the Ministry of Petroleum and Natural Resources, which is currently under the charge of Prime Minister Yousaf Raza Gilani while Makhdoom Shahabuddin's portfolio of Textile Ministry could also changed to minister for Foreign Affairs.
A source in the government told Pakistan Today that newly unopposed-elected Asim, who is recognised for his closeness with President

FAISALABAD - Another cruel increase in petroleum prices has tightened the noose around the poverty-stricken people who are already at the brink of collapse and nobody can imagine what is going to happen in this country. People from all walks of life have condemned the increase in petroleum prices. A consumer outside a petrol station of Faisalabad said it is like pulling away the clothes from our bodies. The man dressed in cheap but nice clothes who seemed to be an office clerk is, in

KARACHI - The people of Pakistan have unanimously rejected Thursday's hike in petroleum prices, saying the move would increase inflation by at five to 10 percent across the country. The inflation-stricken masses would face around 10 percent increase in price of all items after nine to 13 percent hike in petroleum prices, sources told Pakistan Today.
The hike would have its impacts in three dimensions, as it would increase freight charges, cost of production and transportation,

SIALKOT - Sialkot Chamber of Commerce and Industry (SCCI) President Ghulam Mustafa Chaudhry has taken strong exception to the decision to increase petroleum prices by nine to thirteen percent and stressed that the price increase must be withdrawn immediately.
In a statement, he said that the increase in petroleum prices would add to the rising trend of inflation and the cost of industrial production that is already under heavy pressure because of higher electricity and gas

KARACHI - The people of Pakistan have unanimously rejected Thursday's hike in petroleum prices, saying the move would increase inflation by at five to 10 percent across the country. The inflation-stricken masses would face around 10 percent increase in price of all items after nine to 13 percent hike in petroleum prices, sources told Pakistan Today. The hike would have its impacts in three dimensions, as it would increase freight charges, cost of production and transportation, and

ISLAMABAD - The government is trying to assure perturbed foreign petroleum exploration and production companies that after the implementation of the 18th amendment from July 1, 2011, all contractual obligations would be protected in accordance with the law.
An official source said that the foreign petroleum companies operating in the country were demanding clarification on various important issues after the passage of the 18th amendment, as provincial governments had to be taken

ISLAMABAD - The government is still undecided whether to pass on the complete effect of the increase in international oil prices to the consumers, which the Oil and Gas Regulatory Authority (OGRA) estimates at Rs 7 to Rs 12 per litre.
An official source said OGRA had submitted its report on the international oil prices that have averaged $111 per barrel in the Gulf market during the month of March. OGRA has assessed 10 to 12 percent increase in oil prices in the international

LAHORE - Despite last week's increase in petroleum prices, vegetable prices remained stable while fruit prices rose at Sunday bazaars. Vendors said they were nticipating a possible price increase next week. They also said that sales increased due to first Sunday of the week and less prices. Vegetable vendors said vegetables prices were stable due to better supplies from the farms. Green Town Sunday bazaar vegetable seller Muhammad Akram said, "Increases in petroleum prices do increase

ISLAMABAD - The government has convened a meeting of provinces to settle the issue of granting new petroleum concessions agreements for exploration and production of oil and gas on March 10. An official source stated that the meeting has been called to sort out issues arising after the passage of 18th amendment that has given all the rights over mineral resources to the provincial governments.
The Petroleum Secretary would chair the meeting in the absence of the petroleum