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.
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Hascol Petroleum announces rehabilitation plan
KARACHI: Hascol Petroleum Limited on Wednesday announced a rehabilitation plan for the company through settlement of liabilities. In a communication sent to Pakistan Stock Exchange (PSX), Hascol Petroleum said that the Board of Directors of the company, in its meeting held on August 23, 2022, approved the plan for rehabilitation of the company through restructuring…
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Shell Pakistan announces Rs7.47 billion profit for 1HCY22
KARACHI: Shell Pakistan Limited on Wednesday announced Rs7.47 billion as after tax profit for the half year ended June 30, 2022. The Board of Directors of Shell Pakistan Limited (SPL) approved the company’s half year results on August 17, 2022. The Company posted a profit after tax of Rs7.47 billion compared to the profit of…
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Shell Pakistan stops aviation operations across country
KARACHI: Shell Pakistan Limited on Wednesday announced to discontinue its aviation operations across the country. In a communication submitted to Pakistan Stock Exchange (PSX), the company said that a meeting of board of directors held on August 17, 2022, had taken the decision to discontinue Shell Pakistan Limited (SPL) aviation operations across Pakistan. Presently, SPL…
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Businessmen express shock over petroleum price hike in Pakistan
KARACHI: Businessmen have expresses shock over hike in petroleum prices in Pakistan despite massive reduction in oil prices in international market. The businessmen are in shock and expressed their serious concern over the hike in petroleum products in Pakistan despite the fact that crude oil prices have plunged to below $90 a barrel while the…
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Miftah defends petrol price hike in Pakistan from August 16, 2022
ISLAMABAD: Finance Minister Dr. Miftah Ismail on Tuesday defended the government decision to increase the prices of petrol that are implemented from August 16, 2022 A day earlier, Prime Minister Shehbaz Sharif approved the summary to increase the price of petrol with nominal decline in other petroleum products. READ MORE: New petroleum prices in Pakistan…
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Attock Petroleum declares massive 277% growth in annual profit
KARACHI: Attock Petroleum Limited on Tuesday declared massive growth of 277 per cent in profit after tax for the year ended June 30, 2022. The company announced net profit of Rs18.54 billion for the year ended June 30, 2022 as compared with annual profit of Rs4.92 billion in the preceding year. READ MORE: Attock Petroleum…
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New petroleum prices in Pakistan from August 16, 2022
ISLAMABAD: Pakistan has revised prices of petroleum products on Monday with effect from August 16, 2022. The finance division issued following new prices that will implement from August 16, 2022: The price of petrol has been increased by Rs6.72 per liter to Rs233.91 from Rs227.19. The rate of high speed diesel (HSD) has been nominally…
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Pakistan to review petroleum prices amid rupee appreciation, falling global oil
KARACHI: Pakistan to review the existing prices of petroleum products on August 15, 2022 for next fortnight amid falling international oil prices and massive recovery in rupee value. The government may reduce the prices of petroleum products considering the latest crude oil prices in the international markets and sharp recovery in local currency against the…
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Mari Petroleum declares Rs33 billion as annual profit for FY22
KARACHI: Mari Petroleum Company Limited (MPCL) on Thursday declared over Rs33 billion after tax profit for the fiscal year 2021/2022. According to annual financial results submitted to the Pakistan Stock Exchange (PSX), the net profit of the company increased by 5.15 per cent when compared with Rs31.44 billion in the preceding fiscal year. The company…
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Engro, Excelerate Energy ink MoU to market RLNG in Pakistan
KARACHI: Engro Eximp FZE, a subsidiary of Engro Corporation, on Wednesday announced that it entered into a Memorandum of Understanding (MOU) with Excelerate Energy, Inc. (NYSE: EE) (Excelerate), a leading provider of flexible LNG infrastructure solutions around the world, related to the development of a private sector gas marketing business in Pakistan. Under this MOU,…
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