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Business

Web Desk Karachi
Mar 10, 2025

OMCs challenge Ogra’s ‘Take or Pay’ policy, citing financial risks, market imbalances

The introduction of the ‘Take or Pay’ mechanism follows repeated complaints from local refineries about excessive fuel imports, which they argued undermine domestic production and result in reduced operational capacity.

Pakistan

Web Desk
Jan 31, 2025

Govt raises petrol, diesel prices

According to a notification issued by the Finance Division, the price of petrol has been increased by Rs1 per litre, while high-speed diesel has seen a significant hike of Rs7 per litre.

Pakistan

Web Desk
Jan 15, 2025

Petrol price hiked by Rs3.47 per litre, diesel up by Rs 2.63

Following this increase, petrol will now be available at Rs256.13 per litre, while HSD will be sold at Rs260.95 per litre.

Pakistan

Web Desk
Sep 04, 2024

Pakistan defers September high-speed diesel imports

OGRA says arrival of September cargoes by major importing OMCs has been deferred

Business

Web Desk
Aug 02, 2024

Oil marketing companies in Pakistan record 11.4 per cent sales decline

The sales of oil marketing companies in Pakistan fell by 11.4 per cent year-on-year in July 2024, reaching 1.2 million metric tons (MTs).

Business

Web Desk
Mar 02, 2024

Govt adjusts premium on petrol and diesel

The government has announced adjustments in petroleum product prices, effective March 1, 2024, incorporating a premium of Rs4.25 per litre on petrol and 26 paisa on high-speed diesel (HSD).

Business

Web Desk
Mar 02, 2024

OMCs grapple with 19% dip in petroleum sales

AHL reveals a significant downturn in the sales performance of oil marketing companies (OMCs) during the month of February 2024.

Business

Web Desk
Jan 18, 2024

Pakistan’s petroleum product production surges by 6.49%

The latest data released by the Pakistan Bureau of Statistics (PBS) indicates a significant uptick in the production of petroleum products.

Latest

Web Desk
Jan 04, 2024

Pakistan’s petroleum sector faces 15% sales dip in first half of FY24

The initial six months of FY24 brought challenging times for Pakistan’s petroleum sector, marked by a significant decline in sales.

Business Pakistan

Web Desk
Oct 14, 2023

Petrol price in Pakistan expected to drop below Rs290 per litre soon

In an anticipated move in response to global oil price fluctuations, the price of petrol in Pakistan is expected to decrease by Rs35 per litre on October 16, 2023.