Oil
CCoE refuses to approve Policy for refineries in Pakistan
Ibn-e-Ameer Cabinet Committee on Energy (CCoE) did not approve the new refinery policy and decided to discuss it again next week due to objections on some…
Oil
Oil
Hascol Board appoints new CEO, two board directors
Amid the controversy of default, the board of directors of Hascol Petroleum Limited has appointed Aqeel Ahmed Khan as its Chief Executive Officer (CEO) and two…
Oil
Hascol scam: Parliamentary Panel grills company
Aftab Ahmed Islamabad: The Hascol oil marketing company has been blamed for Rs 15 billion scam. Member Senate Standing Committee on Petroleum Afnanullah Khan alleged Hascol…
Oil
FIA launches Enquiry against NATO Jet Fuel Supplier
FIA corporate circle Karachi asks PSO to provide all records of agreements Aftab Ahmed Islamabad: Federal Investigation Agency (FIA) has initiated an enquiry against the jet…
Oil
Govt increases price of petrol by Rs 5.40 per liter
Islamabad: The government has Thursday hiked the price of petrol by Rs 5.40 per liter for the 2nd fortnightly of July. The government has increased the…
Oil
PSO, SHELL’ oil sales continue to Rise in July
Aftab Ahmed The sale of Petrol and diesel oil by two oil marketing companies-Pakistan State Oil and Shell Pakistan Limited (PSL) continues rising during the ongoing…
Oil
SECP took notice of Hascol financials during Oct 2019
Aftab Ahmed The Securities and Exchange Commission of Pakistan (SECP) took notice of HASCOL’s reported accounts for the period ending June 30, 2019, during October 2019.…
Oil
PSO happy to shelving oil deal with Pakistan Railway
Islamabad: Pakistan State Oil (PSO) has said that it is okay with discontinuing the fuel supply agreement with Pakistan Railway. Reacting to the recent news report…
Oil
Hascol defaulted on over Rs16b loan to NBP
Aftab Ahmed Islamabad: Hascol petroleum’s total loan stands at Rs54b as per its latest filed financial statements to Pakistan stock exchange and becomes a defaulter of…
Oil
Furnace oil price up by Rs 17000 per ton
Aftab Ahmed The price of furnace oil has jumped up by Rs 17000 per ton today following demand in the local market and a hike in…