Karachi, July 12, 2024 – The Oil Companies Advisory Council (OCAC) has thrown a wrench into the government’s recent tax plan, urging the removal of the sales tax exemption on petroleum products.
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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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Latest Petroleum Prices in Pakistan as of July 11, 2024
As Citizens of Pakistan gear up for their daily commutes and travel plans, staying informed about the latest petroleum prices has become crucial.
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Aurangzeb Assures K-Electric of Addressing Delayed Payments
Karachi, July 8, 2024 – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Monday assured K-Electric (KE) that the government would address issues related to delayed payments.
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Saudi Group Secures Stake, Invests in Retail Oil Sector in Pakistan
Saudi Arabia’s Asyad Holding Group has successfully secured a controlling stake in Shell Pakistan Limited. The Competition Commission of Pakistan (CCP) granted approval for this acquisition, allowing Asyad Holding to acquire a dominant 77.42 percent ownership and control of Shell Pakistan.
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Petroleum Dealers Win Tax Dispute with Government
Karachi, July 7, 2024 – Pakistan’s petroleum dealers have successfully convinced the government to reverse a new tax regulation after arguing it amounted to double taxation.
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Pakistan’s Oil and Gas Sector to Boost with $5 Billion Investment
Islamabad, July 6, 2024 – In a promising development for Pakistan’s energy sector, a delegation of local and international oil and gas exploration and production (E&P) companies announced a significant investment of $5 billion over the next three years. The announcement came during a meeting with Prime Minister Shehbaz Sharif at the Prime Minister’s House.
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Divided Dealers Cause Partial Petrol Pump Closure
Karachi, July 5, 2024 – Pakistan witnessed a patchy petrol pump strike on Friday as the Pakistan Petroleum Dealers Association (PPDA) remained split over a call to protest a new 0.5% turnover tax imposed in the recent federal budget.
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Petrol Pumps to Remain Open Despite Strike Call: Authorities
Islamabad, July 5, 2024: In a move to mitigate disruptions caused by a planned strike by the Pakistan Petroleum Dealer’s Association (PPDA), the Petroleum Division has taken steps to ensure an uninterrupted fuel supply across the country.
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Petrol Pumps Face Shutdown as PPDA Announces Strike on July 5
Karachi, July 4, 2024 – Pakistanis are urged to fill their tanks today as the Pakistan Petroleum Dealers Association (PPDA) prepares for a nationwide strike starting tomorrow, July 5th. The strike, which could last more than a day, comes after failed negotiations between the PPDA and the government regarding a newly imposed tax.
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SSGC in Gridlock: Sales Tax Return Woes Disrupt Supply Chain
Karachi, July 2, 2024 – Sui Southern Gas Company Limited (SSGC), a major gas utility company in Pakistan, is facing a bureaucratic nightmare due to an anomaly in a recent tax regulation. This anomaly has thrown SSGC’s sales tax return for April 2024 into disarray, creating a ripple effect that is disrupting the entire supply chain.
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