Oil
OGRA allows GOPL to set up 1475 oil outlets
Aftab Ahmed Islamabad: Oil and Gas Regulatory Authority (OGRA) has allowed M/S Gas and Oil Pakistan Limited (GOPL) to expand its network across the country by…
Oil
Oil
HASCOL defaults on Rs54bn bank loans
Aftab Ahmed Islamabad: As Hascol Petroleum Limited (HPL) defaults Rs 53.8 billion, it has offered the issuance of new shares to the banks against their outstanding…
Oil
Oil sales increased by 18% in Financial year 2021
Oil sales increased by 20% YoY in June 2021 up by 14% MoM which pushed FY21 volumetric growth to 18% YoY. To highlight, petroleum sales remained…
Oil
Hascol receives 25,000 tons furnace oil import contact
Aftab Ahmed Islamabad: Hascol gets a contract of importing 25000 metric tons of furnace oil for a supply to K-Electric. Hascol is an oil-importing company in…
Oil
PSO recorded highest oil sales during FY21
PSO FY21 8,932,134 tons oil sales are highest since FY18 Aftab Ahmed Islamabad: Pakistan State Oil (PSO) oil company’s sales have crossed 858,161 tons during June…
Oil
Furnace oil turned black gold for refineries
Aftab Ahmed Islamabad: Furnace oil sales jumped by 85 percent in June 2021 from May 2021 levels. The demand for black oil has significantly increased as…
Oil
Govt increases prices of petrol, diesel
Islamabad: The government has Wednesday increased the prices of petrol by Rs 2 per liter and High-Speed Diesel by Rs 1.44 per liter for the first…
Oil
K-ELECTRIC imports 25000 MT furnace oil
The shipment is likely to enter Pakistan’s waters around first July Karachi: In light of the developing situation on fuel supply to the country, K-Electric has…
Oil
PSO booked exchange gains of Rs4.37 billion
Aftab Ahmed Islamabad: Pakistan State Oil Company Limited has booked an exchange gain of Rs4.37 billion recently on payment of LNG imports and charged it to…
Oil
IMF condition: Tarin refuses to withdraw GST on oil refineries
Aftab Ahmed Islamabad: Finance Minister Shaukat Tarin has conveyed to oil refineries that the imposition of a general sales tax (GST) on crude oil will continue…