Islamabad: OGRA has proposed a decrease in gasoline prices for the next review period, with a recommendation of a decrease of 2.49 rupees per liter. The move comes after crude oil prices drop in the international market, as the government seeks to reduce the financial burden on consumers. If the proposal is approved by the … Read more
Oil prices fell by more than 1 % on Thursday due to the constant pressure of possible peace talks between Russia and Ukraine, as well as the increasing crude stocks in the United States. Brent futures decreased $ 1.04, or 1.4 %, to $ 74.14 a barrel by 1303 GMT, while the US crude decreased … Read more
AsiaPak Investment Company Limited and Montage Oil DMCC expressed its intention to obtain at least 75.01 % of Lotte Chemical Pakistan Limited shares, indicating a significant investment in the chemical industry in the country, according to a report on the Pakistani Stock Exchange (PSX) on Thursday. Arif Habib Limited (AHL) is the show manager. AHL … Read more
Oil prices increased on Tuesday amid concerns about the threats and supply of Russian and Iranian oil, despite the uncertainty about global economic growth due to the new trade tariffs. Brent crude contracts rose 55 cents to 76.42 dollars a barrel by 0717 GMT, while the Western US crude in Texas gained 50 cents to … Read more
US sanctions on Russia should not affect the oil trade in Moscow with India, and Russia’s Deputy Energy Minister Pavel Sorokin said on Tuesday that it is very early to assess the impact of the latest restrictions. India is still the largest buyer of Russian oil saving to the sea after Western countries imposed sanctions … Read more
IslamabadThe Economic Coordination Committee (ECC) was held in the Council of Ministers today under the leadership of the Federal Finance Minister, Senator Mohamed Orangazib, to address continuous inflationary trends and high commodity prices. In addition to its usual agenda, ECC reviewed inflation trends and the pricing of the main commodities, as presented by the Economic … Read more
China’s crude oil imports from Russia reached a record high in 2024, rising 1% from 2023, while shipments from Saudi Arabia fell 9%, according to data released Monday. Refiners prioritized reduced Russian supplies to cushion weak margins. Data from the General Administration of Customs showed that China imported 108.5 million metric tons of crude from … Read more
New Delhi/Singapore: Chinese and Indian refiners will import more oil from the Middle East, Africa and the Americas, boosting prices and shipping costs, as new US sanctions on Russian producers and ships curb supplies to Moscow’s top customers, traders and analysts said. On Friday, the US Treasury Department imposed sanctions on the two Russian oil … Read more
Gas & Oil Pakistan Limited (GO) has significantly increased its market share in the domestic petrol and high-speed diesel (HSD) segments during the first half of the current financial year, surpassing all other oil marketing companies (OMCs). The data reveals that GO’s combined share in gasoline and HSD sales rose by 6.7 percentage points, to … Read more
KARACHI: The Consulate General of the Republic of Indonesia, in collaboration with key industry stakeholders, successfully hosted the Indonesia-Pakistan Workshop on Palm Oil 2025. This important event honored Pakistan as a strategic partner in global palm oil trade and strengthened joint commitment. To enhance sustainability in this vital sector.The workshop, titled “Promoting Sustainable Palm Oil … Read more