Oil
Nadeem Babar, Secretary removed on petrol crisis
Aftab Ahmed Prime Minister Imran Khan on Friday directed Nadeem Babar to step down and removed the secretary of petroleum over the petrol crisis. Khan has…
Oil
Oil
Refineries to avail tax exemptions for up gradation projects
Aftab Ahmed Islamabad: The government has decided to offer tax exemptions to the existing and new oil refineries for up-gradation projects in the new proposed refinery…
Oil
Interim increase in OMCs’ margins allowed
Aftab Ahmed The government is set to increase margins of Oil Marketing Companies (OMCs) and dealers on petroleum products by 6.8 percent effective from July 1,…
Oil
Govt likely handing over APL to Byco
Aftab Ahmed The government is likely to hand over Asia Petroleum Limited (APL) to Byco Refinery to utilize it for transporting oil. Sources said that management…
Oil
PSO proposes shares’ transfer to Mari, OGDCL, PPL
Aftab Ahmed Pakistan State Oil (PSO) has proposed that the government transfer its shares to Mari, OGDCL, and PPL under an equity swap arrangement. The proposed…
Oil
Attock Group claims to invest $600 million
Our Correspondent Attock Group of Refineries has claimed to invest $600 million to install Diesel Desulphurisation and Isomerisation units. ARL CEO Adil Khattak said In response…
Oil
Govt to say ‘Goodbye’ to Old Refineries
Aftab Ahmed The PTI government has decided to say ‘Goodbye’ to decades-old oil refineries if they fail to upgrade in a year period in line with…
Oil
PSO to support electric vehicle charging, automation
News Desk The Petroleum Division has assured state-run oil marketing company Pakistan State Oil (PSO) to extend support in embracing new technologies specifically electric vehicle charging…
Oil
OGDCL makes successive controversial appointment of ED HR
Aftab Ahmed Islamabad: A senior official at OGDCL was selected at a handsome package with an irrelevant degree and a pending inquiry while being in his…
Oil
Govt to revise OMCs margins formula
Aftab Ahmed Islamabad: The government has decided to revise the formula of calculating margins of Oil Marketing Companies (OMCs) based on their audited financial statements. The…