Oil
PRL, NRL, ARL to enjoy tax holiday for upgradation projects
Aftab Ahmed Islamabad: Oil refineries- RRL, NRL, and ARL got a green light on Tuesday to avail ten-year tax holiday for up-gradation projects to achieve Euro-V…
Oil
Oil
Shell Oil Company, beats PSO again in sale target of diesel
Aftab Ahmed Shell Oil Company has again exceeded its sale target of high-speed diesel (HSD) and beats the country’s largest state-run marketing company Pakistan State Oil…
Oil
FBR opposes incentives to oil refineries in budget
The Federal Board of Revenue (FBR) on Friday strongly opposed giving 10 percent protection to the oil refineries of Pakistan in budget 2021-22. In Finance Bill…
Oil
PSO cancelled tender: Furnace oil price up to Rs 120,000
Aftab Ahmed Pakistan State Oil (PSO) has canalled a tender of furnace oil import due to higher price it received in a bid that has increased…
Oil
AKD securities turned bullish on oil refineries in Pakistan
Islamabad: The refinery sector remains in the limelight on the back of incentives provided in the budget for oil refineries in Pakistan. The government has proposed…
Oil
Project ready to transport petrol through oil pipeline
Aftab Ahmed Islamabad: The Petroleum Division has submitted a plan before the economic coordination committee (ECC) that seeks to transport petrol through oil pipeline. The petroleum…
Oil
PSO starts lifting furnace oil from ATRL
Aftab Ahmed Islamabad: Pakistan State Oil (PSO) has started lifting furnace oil from Attock Refinery Limited (ARL) to supply it to power plants for electricity generation.…
Oil
Hubco pays Rs17b to PSO for oil payment
Aftab Ahmed Islamabad: Hub Power Company Limited (Hubco) has paid Rs 17 billion to Pakistan State Oil (PSO) on account of oil supply payment after receiving…
Oil
Tareen directs concrete proposals on refinery policy
Finance Minister Shaukat Tareen has directed the concerned officers of the Finance Division and Chairman FBR to come with concrete proposals regarding the proposed refinery policy…
Oil
PSO market share increased to 44.8% in May 2021
Pakistan State Oil (PSO) sales increased by 14% in May 2021 to 1.9 million tons as compared to 1.7mn tons in May 2020. Pakistan State Oil…