Pakistan is gearing up to announce new petroleum prices on May 15, 2023, for the second half of the current month. The decision comes in the midst of falling value of Pakistani Rupee (PKR) and declining trend in global oil prices.
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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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Petroleum levy collection soars by 189% to Rs362 billion
The collection of petroleum levy in Pakistan has soared by 189 percent to Rs362.48 billion during first nine months (July – March) 2022-2023 as compared with Rs125.56 billion in corresponding months of the last fiscal year, official data revealed.
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Pakistan announces updated petroleum prices for first fortnight of May 2023
Pakistan has updated its petroleum prices for the first fortnight of May 2023, as per the official communication issued by the government.
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LC restrictions taking toll on Thar coal power generation
Restrictions on Letters of Credit (LC) are taking a toll on the economy, particularly on crucial needs such as power generation. The latest development is that coal mining from Thar Block II may be impacted by LC restrictions.
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Shell Pakistan reports heavy loss for Q1 2023 despite increased sales
Shell Pakistan Limited has reported a loss of Rs4.76 billion for the first quarter ending March 31, 2023, according to the financial results submitted to the Pakistan Stock Exchange (PSX) on Thursday.
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Pakistan petroleum sales decline by 47% in April 2023
Pakistan’s sales of petroleum products during April 2023 were recorded at 1.2 million tons, indicating a 47% YoY decrease and a 6% MoM increase.
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Attock Refinery forced to shut down due to smuggling of petroleum products
Attock Refinery Limited (ARL) has been forced to shut down its plant due to ongoing smuggling of petroleum products from neighboring countries.
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Govt. claims big relief in petroleum prices for first half of May 2023
The government of Pakistan on Monday claimed a big relief in petroleum prices for the first half of May 2023.
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Pakistan reduces petroleum prices effective from May 01, 2023
Pakistan on Sunday announced a reduction in prices of petroleum products for the first half of May 01, 2023, following a considerable decline in international oil prices.
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Pakistan likely to slash petroleum prices from May 01, 2023
Pakistan is expected to reduce petroleum prices for the first half of May 2023, as international oil prices have declined and the exchange rate has remained stagnant during the ongoing fortnight.
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