Government reduces prices of Kersosene oil and light diesel products
The government kept unchanged the prices of petrol and high speed diesel at Rs.283.38 per liter and Rs.303.18 per liter respectively for next fortnight.
Adil Aziz
ECC approved raise gas tariff from November
The Economic Coordination Committee of the Cabinet approved revision of the natural gas sale pricing for different categories of consumers for the fiscal year 2023-24, with effective from November 1st, 2023.
Chinese company TGOOD and the REC Group of Pakistan sign MoU to establish EV charging stations across Pakistan
A leading Chinese company TGOOD and the REC Group of Pakistan signed a memorandum of understanding in Beijing aimed at promoting environmentally friendly electric vehicles (EVs) in Pakistan.
Mehfooz
KCCI is the rejected hike of gas tariff by ECC
The Karachi Chamber of Commerce & Industry and all seven industrial town associations of the city, while unanimously terming the extortionate hike in gas tariffs for export-oriented and general industries as ‘unviable, unacceptable & unfeasible’, vociferously appealed Prime Minister and his cabinet not to accept ECC’s decision of such a huge increase in gas tariffs and consider bringing gas tariffs to a level where these become viable and absorbable so that the wheels of industries in Karachi keep spinning.
ECC approve to increase gas tariff for all consumers from November
ECC approved revision of gas pricing, and also immediate orders to import of 200,000 MT of Urea Fertilizer and One Million tons of milling wheat for FY-2023-24.
PRL and United Energy Group of China sign MoU to enhance capacity of Petroleum products
The United Energy Group of China and Pakistan Refinery Limited signed a Memorandum of Understanding for the investment worth $1.5 billion in the petroleum sector.
Massive relief: Govt. reduces petrol price by Rs 40 per liter
The government reduced petrol price by Rs 40 per liter and HSD Rs 15 which would be applicable from October 16, 2023 and remain enforced for the next fortnight.
Saudi Arabia to continue voluntary oil output cut of one million barrels per day
SAUDI Arabia said it would continue with its voluntary oil output cut of one million barrels per day for the month of November and until the end of the year. The kingdom’s production for November and December will be approximately 9 million bpd, an energy ministry statement posted on the Saudi state news agency SPA said….
Govt slashes petrol prices by Rs.8 per liter
The caretaker federal government reduced prices of petrol by Rs.8 per liter, according to press statement issued by finance ministry. “In the wake of variations in international prices of petroleum products and the improvement in the exchange rate, the government of Pakistan has decided to revise the consumer prices of petroleum products,” the statement. Accordingly,…
OGRA for avoiding speculation on POL prices
Oil and Gas Regulatory Authority underlined the need for avoiding speculations regarding the prices of petroleum products (POL) as these were primarily dependent on international market trends and the Rupee-dollar exchange rates. “Petroleum product prices in our country are primarily dependent on international market prices and the exchange rate of the Dollar. In recent times,…