Islamabad - Following the global downward trend in oil prices, the caretaker government on Tuesday passed on partial relief to the consumers by slashing oil prices up to Rs8.46 per litre, which would be effective from today.A senior official of petroleum ministry said that Ogra had moved a summary ...

ISLAMABAD - Prices of petroleum products are set to sink with the start of May as a cut up to Rs8.46/litre is likely to be announced, sources said on Monday. The sources also disclosed that Oil and Gas Regulatory Authority (OGRA) has not despatched a summary in this regard as it could not finalise ...

ISLAMABA : The Oil and Gas Regulatory Authority (OGRA) on Monday sent a summary seeking decrease in the prices of petroleum products to the Petroleum Ministry, a private tv news channel reported.  According to report if the summary is approved the prices of petroleum products will be slashed ...

The Oil and Gas Regulatory Authority (OGRA) on Monday sent a summary seeking decrease in the price of petroleum products to the Petroleum Ministry.If the summary is approved the price of petroleum products will be slashed on May1.According to the details, the price of petrol will come down by ...

ISLAMABAD - Viewing the downward trend in the international oil market, country’s Oil Marketing Companies (OMCs) are likely to slash the prices of POL up to Rs4/litre with the start of upcoming month of May, sources said on Sunday.Good news for consumers of petroleum products (POL) already ...

LAHORE – The government Friday pulled out an electric pole outside the PML-N Secretariat at Model Town onto which the party daredevils climbed up to register their protest with their leadership for the past 10 days.The workers, who were unhappy with their leaders, had made climbing the pole a ...

The Oil and Gas Regulatory Authority (OGRA) has sent the summary seeking a decrease in the price of petroleum products to the Petroleum Ministry.According to Media Reports, if the summary is approved the price of petroleum products will be decreased on April 1.The price of petrol will decrease by ...

ISLAMABAD - The government on Monday raised price of petrol by Rs1.65 per litre, effective from today (Tuesday), in line with hike in global oil prices. The government cut price of petrol by Rs1.23/litre on December 22 last year. However, cost of petrol has now gone up from Rs101.42 to ...

Oil and Gas Regulatory Authority (OGRA) has sent a summary of new prices of petroleum products to the Ministry of Petroleum and Natural Resources.According to Ministry of Petroleum, the prices of petroleum products have been ascertained for next month according to which price of petrol has been ...

Petroleum products price hike was challenged in Lahore High Court (LHC) here on Tuesday.Petitioner Attiq Ahmed has submitted a petition in LHC and said that the government put further load on the people by increasing prices of petroleum products.The petitioner told the court that petroleum prices ...

ISLAMABAD - Facing intense pressure over controversial weekly adjustment of POL products prices, the petroleum ministry on Monday sent a summary to the Economic Coordination Committee (ECC) to review this mechanism.A resolution of the National Assembly condemning this price system and ...

ISLAMABAD: Taking notice of the gas tariff raise, the Supreme Court has summoned the petroleum secretary and chairman Oil and Gas Regulatory Authority (Ogra) on October 18 to explain the matter.A three-member SC bench, headed by Chief Justice Iftikhar Muhammad Chaudhry, heard the case about the ...

ISLAMABAD - AHMAD AHMADANI - Prices of all petroleum products except petrol are likely to be dearer by Rs2.20/litre under the weekly price review mechanism, to be effective by 15th October across the country, it has been reliably learnt on Thursday.Sources aware of the matter informed TheNation ...

The ministry of finance Sunday approved the hike in POL prices except diesel, which would be effective from today(Monday), following the OGRA notification.Petrol will be costlier by Rs3.04, while diesel price will be down by Rs2.70, as approved by the ministry of finance.Sources said that following ...

ISLAMABAD - AHMAD AHMADANI - To provide relief to the consumers, the government has decreased the per litre prices of petroleum products up to Rs6 per litre, under weekly price mechanism, which would be effective from today.The petroleum ministry approved a summary, sent by the Oil and Gas ...

ISLAMABAD – The government is likely to decrease fuel prices by October 1, sources said on Thursday.The government may decrease petroleum products price by Rs6 per litre while CNG price is expected to be cut by Rs5.70 per kilogramme, sources added.The price of kerosene oil may be reduced by ...

ISLAMABAD - The Oil and Gas Regulatory Authority (Ogra) proposed on Saturday to maintain petrol price at current level and suggested a reduction up to Rs6.06 per litre in other petroleum products for the next week starting from Monday (tomorrow) across the country. Reliable sources informed The ...

LAHORE - Pakistan Oilfields Limited (POL) has announced FY12 results, posting earnings of Rs11.9b, up 10 per cent YoY. Earnings announcement was broadly in line with estimate of Rs51.40/share, though dividend beat market expectations. The company announced a final cash payout of Rs35/share (our ...

ISLAMABAD - Petroleum Ministry has decided to determine the prices of petroleum products on weekly basis as a result of which per litre price of the commodity is likely to go up by Rs 3-4 in the country at the end of the current week. Well-placed sources aware of the development informed ...

WAJIDULLAH KHAN PESHAWAR - Various political parties, transporters and business community have strongly condemned the recent hike in prices of petroleum products, saying that it will trigger a new wave of inflation in the country, which will ultimately affect the poor.  They urged the ...

ISLAMABAD – A fuel time bomb has started ticking on the masses as the price of petroleum products may see a rise of up to Rs7.73 per litre.Ogra (Oil and Regulatory Authority) in summery sent to the finance ministry, has asked for lifting PL (petroleum levy) for the month of August to maintain ...

ISLAMABAD - The headline inflation measured by Consumer Price Index (CPI) had witnessed an increase of 11.3 per cent in April 2012 against same period last year mainly due to the higher petroleum prices announced by the government last month.Secretary Statistics Division Sohail Ahmad on Wednesday ...

PESHAWAR - Different political parties, transporters and trade unions Tuesday called for a protest against increase in prices of petroleum products, wherein traders would stage a complete shutter down strike while transporters would hold a wheel jam strike in Peshawar on April 6.This was decided at ...

LAHORE - Pakistan Oilfield Limited (POL) oil production during the period has augmented by 5.2 per cent YoY mainly due to higher flows from Manzalai and Adhi fields which were up by 28 per cent YoY and 17 per cent YoY respectively, experts said. While Pindori and Pariwali, POL operated fields ...

SAMBRIAL - The leading exporters of the districts said that mounting prices of POL products was a “cut-throat” for Sambrial, Daska, Pasrur and Sialkot industrialists and will leave the exporters in a quandary to compete their counterparts in the international markets, especially ...

The Lahore High Court (LHC) Monday issued notice to the federal government on plea filed against the recent hike in prices of petroleum products.The plea launched by Judicial Activism Panel, states that a petition was lodged earlier on the raise in the POL prices seeking the government to unravel ...

The Pakistan Muslim League-Nawaz (PML-N) MNAs have moved two separate adjournment motions in the National Assembly against increase in prices of petroleum products and electricity tariff.In the first adjournment motion moved by Rana Tanvir Hussain, Anusha Rehman, Muhammad Junaid Anwar Chaudhry, ...

ISLAMABAD - Showing concerns over not broadening tax base of the country, Chairman Federal Board of Revenue (FBR) Mumtaz Haider Rizvi on Tuesday said that increase in revenue collection is only due to the higher prices of petroleum products and surge in imports, sources told The Nation.Mumtaz ...

FAISALABAD - With a huge increase in petroleum prices, electricity and gas tariffs in the last four years, manufacturing cost of exportable items has increased substantially making Pakistani exports uncompetitive at international market, a exporters’ leader said.“It paved the way for ...

SIALKOT - PML-N parliamentarians Khawaja Muhammad Asif, Zahid Hamid and Ehsan Iqbal have rejected the proposed hike in POL prices by the PPP-led government, saying that it would drive the last nail into the coffin of the national economy.Addressing a meeting of party workers here, they said that ...