Many fuel stations shut down after sudden demand, supply suspension rumors

KARACHI: Several fuel stations were shut down in the city on Wednesday evening due to sudden demand after rumors of fuel supply suspension following mysterious toxic gas leakage. Read more »

Oil sales fall by 10% on slow economic activity

KARACHI: The domestic oil sales have declined by 10 percent during first seven months (July – January) 2019/2020 owing to slow economic activity. Read more »

Petroleum prices kept unchanged

ISLAMABAD: The government has decided to keep the prices of petroleum products unchanged for the month of February 2020. A statement said on Friday that the government decided to keep POL prices... Read more »

Revised gas price proposal to hit fertilizer industry

ISLAMABAD: In response to the recommendation by OGRA dated December 11, 2019 the Ministry of Petroleum has worked out certain revisions in the sector wise gas prices where it has recommended to... Read more »

OGDCL announces gas discovery in Sindh

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Friday announced discovery of gas in the exploratory well located in Khairpur Sindh. Read more »

ECC constitutes price negotiation committee for TAPI gas pipeline project

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the constitution of Price Negotiation Committee (PNC) for TAPI(Turkmenistan-Afghanistan-Pakistan-India) Gas pipeline project. Read more »

POL prices increased up to Rs3.10/liter

ISLAMABAD: The government has increased the prices of petroleum products (POL) up to Rs3.10 per liter effective from January 01, 2020. Read more »

PPL announces major discoveries of hydrocarbons in Sindh, Balochistan

KARACHI: Pakistan Petroleum Limited (PPL) has announced major discoveries of hydrocarbons in Sindh and Blochistan, according to notifications received by Pakistan Stock Exchange (PSX) on Monday. Read more »

K-Electric warns of crisis on non-payment of dues by Sindh departments

KARACHI: K-Electric – the power generation and distribution company – has demanded the Sindh government to pay the dues on urgent basis as non-payment will result into potential crisis for Karachi city. Read more »

Customs intelligence recovers Rs221.7 million from OGDCL for claiming wrong exemption

KARACHI: Directorate of Customs Intelligence and Investigation, Karachi has recovered Rs221.7 million from Oil and Gas Development Company Limited (OGDCL) against avoiding payment of duty and taxes on import of seamless pipes. Read more »

SRB suspends sales tax registration of Burshane Petroleum

KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of M/s. Burshane Petroleum Private Limited for defaulting payments for eight months and non-compliance of return filing for the same period. Read more »

PPL plans to spud 20 exploratory, developmental wells

KARACHI: Pakistan Petroleum Limited (PPL) has planned to spud 20 wells during fiscal year 2019/2020 out of which half of wells are exploratory and remaining are developmental. Read more »