Petroleum

The Minister of Petroleum denies the Council of Ministers’ approval to sell a 15% stake in Rico Deck Company to Saudi Arabia – Trendy Blogger

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The Minister of Petroleum denies the Council of Ministers’ approval to sell a 15% stake in Rico Deck Company to Saudi Arabia – Trendy Blogger

Petroleum Minister Mosaddeq Malik said discussions with Saudi Arabia regarding the sale of shares in the Reko Diq mine are progressing positively, with the deal expected to be completed soon. Speaking about reports about the federal cabinet approving the sale of a 15% stake, Malik denied the allegations and termed them untrue. He added: “The … Read more

Pakistan is witnessing a fall of Rs 47.54 per liter in fuel prices since May, the Petroleum Minister said trendy blogger

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Pakistan is witnessing a fall of Rs 47.54 per liter in fuel prices since May, the Petroleum Minister said trendy blogger

Islamabad: Oil prices in Pakistan have fallen by Rs47.54 per liter since May, Petroleum Minister Musaddiq Masood Malik informed the National Assembly on Thursday. Responding to various questions, the minister explained that “Pakistan buys fuel at global market prices, but we get some discounts on the insurance premium.” He explained: “Under the agreement, we buy … Read more