Category: Energy
You can go through stories related to energy. The stories are about changes in petroleum prices and updates on energy sector of Pakistan and world.
-
Pakistan petroleum prices to go up with sales tax imposition
The prices of petroleum products in Pakistan will go up with the imposition of sales tax, which presently at zero per cent. Analysts AKD Research Tuesday stated that with the IMF consistently conveying concerns over possible shortfall on account of petroleum development levy (PDL), the government is looking towards a contingency plan by taking up…
Written by
-
SSGC stops gas supply to industries under load management plan
KARACHI: Sui Southern Gas Company (SSGC) on Tuesday suspended gas to local industries for three and a half months effective from November 15, 2022. The gas utility in an announcement stated that as part of load management plan, gas supplies to all local industrial customers for their use for power generation are being suspended for…
Written by
-
Pakistan has sufficient stock of fuel to meet domestic demand
ISLAMABAD: Pakistan has sufficient stock of fuel to meet the domestic requirement of the country, an official statement said on Tuesday. The statement has clarified the news reports circulated regarding fuel shortage. It said the reports are baseless and contrary to facts. On November 7, 2022 the petrol stocks are around 550,000 Metric Tons which…
Written by
-
ECC approves raising petroleum levy to Rs50 per liter on RON 95
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Friday approved increasing petroleum levy to Rs50 per liter on RON 95. Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting of the ECC at Finance Division. READ MORE: Petroleum sales decrease by 22% in four months of 2022-2023 Federal…
Written by
-
Petroleum sales decrease by 22% in four months of 2022-2023
KARACHI: Sales of petroleum products have decreased by 22 per cent during first four months (July – October) of fiscal year 2022-2023, according to data released by Oil Companies Advisory Council (OCAC) on Tuesday. The date showed the sales of petroleum products fell to 6.15 million tons during first four months of the current fiscal…
Written by
-
Petroleum prices in Pakistan effective from November 01, 2022
ISLAMABAD: The government of Pakistan on Monday decided to keep the petroleum prices unchanged for next fortnight starting from November 01, 2022. Finance Minister Ishaq Dar announced the decision to keep the prices unchanged for next 15 days. “The government has decided to keep the prices of Petrol, High Speed Diesel, Light Diesel, and Kerosene…
Written by
-
K-Electric posts huge losses despite 144% jump in tariff adjustment revenue
KARACHI: K-Electric Limited, the electricity generation and supplier company, has declared huge after tax loss of Rs16.35 billion for the quarter ended September 30, 2022 massive jump of 144 per cent in revenue received through tariff adjustment. According to consolidated financial results for the quarter ended September 30, 2022, the company announced after tax loss…
Written by
-
Pakistan reviews petroleum prices for next fortnight amid PTI’s long march
ISLAMABAD: Pakistan is set to review petroleum prices on October 31, 2022, as the government is facing challenges including long march initiated by leading opposition party and rising benchmark Brent crude rates in international markets. The present coalition government led by PML-N is under immense pressure since coming into power in April 2022. This government…
Written by
-
OGDCL announces huge oil discovery at Attock
KARACHI: Oil and Gas Development Company Limited (OGDCL) on Thursday announced huge oil discovery at Attock District, Punjab Province, Pakistan. The company shared the information of oil discovery with the Pakistan Stock Exchange (PSX) and London Stock Exchange. READ MORE: OGDCL discovers gas deposits at Kohat District In its communication, the company said that OGDCL…
Written by
-
Electricity withholding tax not applicable on ATL domestic consumers
Domestic consumers of electricity are not subject to withholding income tax if their names are in the Active Taxpayers List (ATL). The Federal Board of Revenue (FBR) has issued updated withholding tax card 2022-2023 after incorporating amendments made through Finance Act, 2022 to the Income Tax Ordinance, 2001. READ MORE: Tax rates on goods, passenger…
Written by
