Gas
Audit starts probe against OGDCL
Aftab Ahmed Islamabad: Director General (DG) audit on petroleum has started a probe against managing director Oil and Gas Development Company Limited–OGDCL–for acquiring idle land in…
Oil
Gas
Delay in offloading RLNG ship: PSO pays hefty amount of $700,000 demurrages
Aftab Ahmed Islamabad: LNG is a sweet business for LNG terminals operators, operators, power plants and even shipping companies when it comes to making money on…
Energy
From Perks to Production: OGDCL Management Shifts Priorities
Islamabad: The Oil & Gas Development Company Limited (OGDCL) — Pakistan’s largest state-run oil and gas explorer, has shifted its focus on optimizing oil and gas…
Oil
Top Oil Stocks: PSO to gain after hit in June
Aftab Ahmed The state-run oil marketing company Pakistan State Oil (PSO) stands at the top among other oil marketing companies (OMCs) with the highest inventory of…
Consumer
OGRA fines Rs 15 million to OMCs
Aftab Ahmed Islamabad: Oil and Gas Regulatory Authority (Ogra) imposed a fine of Rs 5 million each on three OMCs for being responsible in petrol crisis…
Oil
PTI Govt increases taxes on petrol to 80% against 33% in PML-N regime
Muhammad Afzaal Islamabad: The government of PTI has increased taxes on petrol to 80 per cent in a bid to collect more revenue from the consumers.…
Oil
Attock, Shell, Hascol, Total Parco major beneficiaries of overnight hike in petrol price
Aftab Ahmed Islamabad: The government’s move of overnight hefty increase in prices of petrol is going to benefit those oil marketing companies (OMCs) involved in hoarding…
Oil
CEO Hascol obtains bail, two escape detention
Aftab Ahmed Chief Executive Officer (CEO) Hascol Petroleum Limited (HPL) gets bail from court and two officials of the company flee to escape from detention in…
Oil
Refineries claim Rs 47 billion losses
Aftab Ahmed Islamabad: With claims of Rs 47 billion losses, refineries want the government to revise downstream petroleum policy, bailout package, and fortnightly pricing to avoid…
Oil
OGRA imposes Rs 40 million fine on OMCs
Aftab Ahmed Islamabad: The Oil and Gas Regulatory Authority (OGRA) on Thursday imposed a Rs 40 million fine on leading oil marketing companies including foreign firm…