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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Pakistan may surprise in next petroleum price revision on Dec 31
ISLAMABAD: Pakistan may surprise in next revision of petroleum prices scheduled on December 31, 2022 amid political uncertainty and mounting inflationary pressure.
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Pakistan issues official petroleum prices applicable till Dec 31
Pakistan has issued official petroleum prices that will remained applicable till December 31, 2022. The official prices of petroleum products from December 16, 2022 to December 31, 2022 are:
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Pakistan sharply cuts petroleum prices effective from Dec 16, 2022
ISLAMABAD: Pakistan on Thursday sharply reduced the prices of petroleum products for next fortnight effective from December 16, 2022.
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Attock Refinery shuts down distillation unit
KARACHI: Attock Refinery Limited on Tuesday announced a temporary shutdown of its distillation unit due to ullage constraints. In a communication shared with the Pakistan Stock Exchange (PSX), the company informed that due to ullage constraints from low demand for furnace fuel oil, Attock Refinery Limited is temporarily shutting down its main distillation unit for…
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Pakistan may cut petroleum prices on Dec 15, 2022
Pakistan may reduce petroleum prices on December 15 to be effective for last fortnight of the year 2022. Experts believe that the government may reduce the prices of petroleum products in the wake of sharp decline in oil prices in global markets. Benchmark Brent crude is ended at $76 per barrel in the international trade.…
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Russia agrees to provide oil at discounted rate to Pakistan: minister
ISLAMABAD: Russia has agreed to provide oil at discounted rate to Pakistan, said Minister of State for Petroleum Dr Musadik Malik on Monday. He termed his recent visit to Russia ‘very successful’ as the host country, in principle, had decided to provide crude oil, refined petrol and diesel to Pakistan at a discounted rate. READ…
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Pakistan unable to bear heavy energy import bill amid challenges to economy: PM
MANGLA: Prime Minister Shehbaz Sharif on Monday said that Pakistan is unable to bear the cost of heavy energy import bills in a situation when the economy is facing immense challenges. He said Pakistan was in dire need of generating cheap electricity as the energy import bill exorbitantly touched $27 billion. He was addressing the…
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SBP denies restricting import payment for petroleum products
KARACHI: State Bank of Pakistan (SBP) on Thursday strongly rejected reports of restricting oil and petroleum products import payment. The central bank clarified that some reports suggested regarding restriction on import of oil and petroleum products by the SBP. READ MORE: Last date extended up to Dec 31 for exchanging old designed banknotes “It is…
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