Abdul Sami Khan, Chairman of the Oil Companies Advisory Council (OCAC), has cautioned that the Sindh Infrastructure Development Cess (IDC) imposed on petroleum imports threatens to paralyze the national oil supply chain. Read More: OMAP Protests Sindh Cess Deduction Without Price Adjustment Abdul Sami KhanChairman OCAC said in a letter to chief minister Sindh that…
Oil marketing firms warn 1.85% cess will disrupt fuel supply if not integrated into official pricing. “We express our sincere appreciation for the Ministry of Energy (Petroleum Division)’s continued efforts toward maintaining stability and regulatory balance within the petroleum sector,” Tariq Wazir Ali Chairman OMAP said adding that however, through this letter, we wish to…
Petroleum Division asked Oil and Gas Regulatory Authority (OGRA) to issue directives for enhancing upcountry fuel supply via pipeline from October 1, 2025. It is aimed at improving efficiency and reduce road congestion. Earlier, tankers mafia have been controlling supply of petrol and after enhancing share of petrol supply through pipeline will help shifting oil…
The government on Monday announced a significant reduction in the price of diesel by Rs 30 per liter, effective from May 16, 2016. The government has decreased the price of high-speed diesel (HSD) by Rs 30 per liter, while the prices of other petroleum products, including petrol, kerosene oil, and light diesel oil, have been…
Ibn-e-Ameer Pakistani oil refineries produce furnace oil in Pakistan. However, when its demand goes up to meet the country’s needs, Pakistan State Oil (PSO) imports it. After LNG imports, its demand has been low due especially the use of LNG in the power sector. Pakistani refineries like Byco and Parco have been exporting it now…
Ibn-e-Ameer The government has approved Rs 24 billion supplementary grant to give targeted subsidies to the oil consumers amid high oil prices. The prices crossed Rs 200 per litre on Thursday following a fresh hike in the prices of petroleum products. Ministry of Poverty Alleviation & Social Safety informed that the rising trend of petroleum…
ARL earns Rs 2.8 billion profit during the quarter ending on March 31, 2022 PRL makes a profit of Rs5.5 billion, a new high for the firm during the quarter ending March 3, 2022. Due to higher gross refinery margins, Pakistan Refinery Limited (PRL) made a record profit of Rs 5.5 billion on March 31,…
Ibn-e-Ameer The government has transferred Rs. 20 billion to Pakistan State Oil (PSO) assignment account to clear price differential claims (PDC). The government will pay another Rs 11 billion during the ongoing week. The PTI government had announced to keep oil prices unchanged which led to piling up price differential claims. …
PRL has made the highest ever sale of diesel in March Ibn-e-Ameer Oil refineries have made a record sale of petroleum products during March 2022. The Pakistan Refinery Limited (PRL) has also made a record sale of diesel. Its actual production stood at 65177 metric tons whereas its total sale was 71187 metric tons. PRL…
Ibn-e-Ameer Pakistan State Oil (PSO)’ sale of diesel has seen an increase of up to 8% in March 2022. However, some other oil companies have witnessed a decline. But PSO saw a major increase in the sale of diesel during March. PSO is a state-run oil marketing company that is facing a liquidity crunch due…