Oil
ECC approves Rs 25b grant for cash starved PSO
Ibn-e-Ameer Islamabad: Economic Coordination Committee (ECC) on Friday approved Rs 25 billion grant for Pakistan State Oil (PSO) to address its financial constraints in wake of…
Oil
Oil
Oil prices maintained: Govt to spend Rs 33 billion
The government said on Thursday that it would bear additional Rs 33 billion to keep oil prices unchanged for the next fortnight from April 2022. Amid…
Oil
ECC approves revising premium on diesel, petrol imports
Ibn-e-Ameer Economic Coordination Committee (ECC) on Friday approved revision in premium on diesel and petrol imports amid higher global oil prices. Amid political tensions and…
Oil
FIA steps in after Banks refuse credit to OMCs, Refineries
Ibn-e-Ameer Federal Investigation Agency (FIA) has stepped in after commercial banks show reluctance to extend credit to oil marketing companies (OMCs) and refineries in Pakistan. At…
Oil
PSO complains against Ogra suggesting oil imports for other OMCs
Oil Marketing Companies have defaulted to the commitment of diesel imports due to Russia-Ukraine War and the country is left with five days stocks only Ibn-e-Ameer…
Oil
Higher growth in HSD sale pushes PSO’s market share up
Ibn-e-Ameer The increase in sale volume of Pakistan State Oil (PSO) pushed its share price up in the stock market despite its all times high receivables…
Oil
PM rejects proposed increase in oil prices up to Rs 16.79 per liter
News Report Prime Minister on Monday turned down a proposal of oil regulator to increase prices of petroleum products up to Rs. 16.79 per liter effective…
Oil
Cnergyico board approves to acquire 57.3% stakes in Puma Energy
Ibn-e-Ameer The Board of Directors of Cnergyico Pk Limited (formerly Byco Petroleum Pakistan Limited) has approved to acquire 57.37% stake in Puma Energy Pakistan Private Limited…
Oil
PRL announces $1.2b up-gradation, expansion projects
Aftab Ahmed Pakistan Refinery Limited (PRL) on Tuesday announced to invest US$ 1.2 billion to undertake Refinery Expansion and Upgrade Project (REUP). In a notice…
Oil
Cabinet approves increase in OMCs Margins
Ibn-e-Ameer Cabinet has approved an increase in margins of Oil Marketing Companies (OMCs) and petroleum dealers effective from the forthcoming revision in oil prices. At…