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PAKISTAN PETROLEUM DIVISION
Pakistan hikes petroleum levy on petrol, diesel; keeps retail prices unchangedPakistan's government has increased the petroleum levy on petrol and diesel, keeping retail prices steady despite falling international oil...- Pakistan extends countrywide austerity drive after US, Iran fail to strike dealPakistan Prime Minister Shehbaz Sharif has extended nationwide austerity measures until June 13 amid continuing uncertainty over the Iran c...
- Pakistan approves an additional PKR 5,000 crore budget for its armed forcesPakistan's government has approved a PKR 50 billion supplementary budget for its armed forces, aimed at bolstering international border sec...
- Pakistan govt announces Rs 10.20 reduction in petrol price ahead of Eid ul AdhaThe Pakistani government has announced significant reductions in petrol and high-speed diesel (HSD) prices ahead of Eid ul Adha, cutting pe...
- Pakistan's intermin government approves construction work of gas pipeline with neighbouring IranPakistan's Interstate Gas Systems (Pvt) Ltd is set to execute the project, which will be funded through the Gas Infrastructure Development ...
- Pakistan is staring at an oil crisis as depots run dry: ReportThe Pakistan government is concerned about a potential oil crisis as some retail outlets of oil marketing companies (OMCs) have been found ...
- Petrol and diesel prices cross Rs 300 mark in PakistanThe caretaker government in Pakistan has increased petrol and diesel prices by over 14 Pakistani Rupees (PKR) due to the "increasing trend ...
- Pakistan government struggles to find a fix to 'electricity price shock' amid countrywide protestsThe price of petrol and high-speed diesel is estimated to rise by about PKR 9-10 per litre and PKR 18-20 per litre, respectively on August ...
- Saudi Arabia invests USD 10 billion to build Pakistan's largest oil refinery in GwadarSaudi Arabia will invest $10bn to build Pakistan's largest oil refinery at Gwadar Port under a memorandum of understanding signed by four s...
- Pakistan petroleum dealers threaten to shut down fuel stationsPetroleum dealers in Pakistan have threatened to shut down fuel stations across the country if the government fails to increase their profi...
- Rs 272 a litre! Pakistan drops petrol bomb on inflation-hit masses after mini-budgetThe price of high-speed diesel has been increased to Rs 280 per litre after a hike of Rs 17.20. Kerosene oil will now be available at Rs 20...
- Long queues at petrol pumps across PakistanAccording to media reports, a similar situation was experienced in other areas. Petrol was available at only 20 per cent of the pumps in Gu...
- Foreign shipping lines may stop services for cash-strapped Pakistan: ReportThe ship agents have forewarned the cash-strapped Pakistani government that all export cargoes could come to a halt as foreign shipping lin...
- Pakistan’s impending gas crisis this winterPakistan government is reluctant to take the risk of purchasing gas from Iran and Russia, fearing international sanctions, and is now showi...
- Cash-strapped Pakistan imposes PKR 30 bn as additional taxes to prevent default on oil and gas paymentsThe decision was taken at a special meeting of the Economic Coordination Committee (ECC) of the Cabinet presided over by the Finance Minist...
- Pakistan's oil imports facing foreign exchange constraintsAbout six-seven cargoes worth USD 50-75 million each (USD 350-500m cumulative) depending on size and product were held up at present becaus...
- Pakistan government examining possibility of reduced working days to conserve fuelThe estimates are based on three different scenarios in terms of working days and fuel conservation prepared by the State Bank of Pakistan ...
- Massive hike in fuel prices proposed in Pakistan: Diesel may go up by Rs 119, petrol Rs 83Pakistan's new Prime Minister Shehbaz Sharif has said the country's economy had stagnated under his predecessor Imran Khan, setting the ton...
- Pakistan, Russia sign terms of accord for 1,100-km gas pipeline from Karachi to LahoreThe Heads of Terms (HoTs) of shareholders' agreement was signed on Thursday after four days of talks, the Dawn News reported. The two sides...
- Nawaz Sharif retains Pakistan's foreign affairs portfolioSartaj Aziz will play a crucial role as his advisor in charting a way forward on issues like relations with India and the US.
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