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Pakistan

Web Desk
Nov 26, 2024

Petroleum Ministry takes notice of fuel supply disruptions

Ministry of Petroleum has directed the Oil Marketing Companies (OMCs) to ensure smooth supply of petroleum products.

Business

Web Desk
Sep 03, 2024

OMCs record 13.5 per cent drop in August sales

The sales of oil marketing companies (OMCs) in Pakistan dropped by 13.5 per cent in August 2024, totalling 1.22 million metric tons.

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
Dec 15, 2023

Petrol price in Pakistan reduced by Rs14 per litre for the next two weeks

In a significant relief for the inflation-hit masses, the petrol price in Pakistan has been reduced by Rs14 per litre to Rs267.34 for the next two weeks. Conversely, the diesel price in Pakistan has experienced a reduction of Rs13.50 per litre, with the new price for diesel now standing at Rs276.21.

Business Latest

Web Desk
Dec 15, 2023

What will be new petrol, diesel prices in Pakistan for next fortnight?

In a significant development, the per-litre price of petrol in Pakistan is poised to undergo a noteworthy reduction, with expectations suggesting a decrease of Rs13.10.

Latest

Web Desk
Oct 15, 2023

Plan afoot to increase profit margin of oil companies, dealers

Sources said that a proposal has been put forth to introduce an additional 88 paisa per liter increase in profits of OMCs and dealers, starting from October 16

Business

Web Desk
Oct 06, 2023

Govt expected to hike petroleum levy to meet revenue targets

In pursuit of the revenue goals set by the International Monetary Fund (IMF), the government is expected to increase the Petroleum Development Levy (PDL) charge for high-speed diesel (HSD) to Rs60 per litre. This move aims to achieve a targeted revenue of Rs869 billion.

Latest

Hum News
Oct 02, 2023

Petroleum sales in Pakistan decline by 34% due to high prices

In a stark contrast to the previous year, the oil marketing companies (OMCs) in Pakistan experienced a significant setback as their sales plummeted by 34 per cent year-on-year (YoY) in September 2023. The figures stood at 1.01 million tonnes (MTs) compared to a robust 1.52 MTs in September 2022.