Petroleum prices likely to decrease by up to Rs11 per litre from the next fortnight The petrol price may drop by Rs5.50 per litre, while high-speed diesel (HSD) could see a reduction of up to Rs11 per litre. Kerosene is expected to become cheaper by Rs5.84 per litre, and light diesel oil may decrease by […]
In 2023, the Board of Directors of Shell Pakistan Limited (SPL) held a meeting with its parent firm Shell Petroleum Company Limited (SPCo) where it was announced their intent to sell its shareholding in SPL. The shares were acquired by the Saudi group through Wafi Energy Holding Limited, a United Arab Emirates (UAE) based firm. […]
The notification stated that the gas price for captive power plants has been increased by Rs 250 per MMBtu, setting the new rate at Rs 3,000 per MMBtu with immediate effect. According to OGRA, gas prices for sectors such as fertilizer factories, ice factories, and the cement industry will remain stable. ECC approves hike in […]
Chairing a meeting on ease of business, the prime minister directed the relevant authorities to establish a one-window operation to simplify documentary procedures for companies and traders. He also directed to seek assistance from Chinese experts to establish an experimental facility service center modeled after the Shenzhen One-Stop Shop. Regarding ease of doing business and […]
As demand for petroleum products spiked to a nine-month high at 1.4 million tons in May 2024 in the wake of a reduction in prices, total consumption reached 13.8 million tons in July-May 2023-24, according to Topline Research. Topline Research analyst Myesha Sohail reported that tax collection through PDL touched Rs907 billion in 11 months […]
As per details, the Monetary Fund has asked Pakistan to end sales tax relaxation on all items including petrol. The newly elected government of Pakistan should also implement a sales tax on petroleum products along with a Rs 60 levy to increase the tax income. Earlier, the International Monetary Fund (IMF) recommended the government of […]
Petroleum Price: The prices are revised every 15 days, but they will remain unchanged from March 1 to March 15, the Petroleum Division said. On Sunday, Prime Minister Imran Khan rejected the summary on increase in petroleum prices submitted by the Oil and Gas Regulatory Authority. According to the Ogra summary sent to the Petroleum […]
The Oil and Gas Regulatory Authority (OGRA) has worked out a reduction in the prices of https://rangeinn.com/ppl-finds-hydrocarbon-reserves-in-balochistans-kalat-1277/products (POL) for the upcoming month of October 2020. According to sources, OGRA has forwarded its working paper regarding the next month’s oil prices for necessary feedback. The final decision will be announced by the finance ministry on 30th […]
