Apr 15

New government keeps petroleum prices unchanged

ISLAMABAD: The new government – formed by leading political parties – on Friday decided to keep the prices of petroleum products unchanged for next fortnight. The previous PTI government had decided to freeze the price of petrol at Rs150 per liter till June 30, 2022. Prime Minister Muhammad Shehbaz Sharif has rejected the Oil and […]

by Anjum Shah

Petrol price increases to new high of Rs145.82 per liter

Nov 5

Energy, National, Top stories

Petrol price increases to new high of Rs145.82 per liter

ISLAMABAD: The government on Thursday night announced an increase of Rs8.03 to Rs145.82 per liter in the price of petrol effective from November 05, 2021. The government announced increase in prices of all petroleum products. The price has been increased from previous high of Rs137.79. Similarly, the price of high speed diesel has been increased […]

by Anjum Shah

Petrol price goes up to record high at Rs137.79/liter

Oct 16

Energy, National

Petrol price goes up to record high at Rs137.79/liter

ISLAMABAD: The government on Saturday increased the price of petrol to a record high at Rs137.79 per liter. The government announced to increase prices of all petroleum products with effect from October 15, 2021. The price of petrol has been increased by Rs10.49 to Rs137.79 from Rs127.30 per liter. The price of High Speed Diesel […]

by Hamza Shah

POL prices increased for next fortnight; per liter petrol up by Rs5.4 to Rs118.09

Jul 15

Energy

POL prices increased for next fortnight; per liter petrol up by Rs5.4 to Rs118.09

ISLAMABAD: The government on Thursday announced increase in petroleum prices to be implemented midnight with effect from July 16, 2021 for next fortnight. The government announced an increase of Rs5.4 to Rs118.09 in price of petrol from Rs112.69. Likewise, the prices of high speed diesel increased by Rs2.54 per liter, from Rs113.99 to Rs116.53; kerosene […]

by Faisal Shah

Ogra imposes penalty of Rs10 million on Hascol Petroleum

Oct 22

Corporate, Energy

Ogra imposes penalty of Rs10 million on Hascol Petroleum

KARACHI: Oil and Gas Regulatory Authority (OGRA) has imposed a penalty of Rs10 million and suspended the marketing license of the company for Khyber Pakhtunkhwa. Hascol Petroleum Limited in a communication sent to Pakistan Stock Exchange (PSX) on Thursday informed that Ogra had communicated its order dated October 20, 2020 in respect of suspension of […]

by admin

FIRs lodged against two OMCs for black marketing

Jun 10

Energy

FIRs lodged against two OMCs for black marketing

ISLAMABAD: Authorities on Tuesday initiated legal action against Oil Marketing Companies (OMCs) for indulgence in hoarding of petroleum products (POL) and creating artificial shortage. At least two FIRs have been lodged against OMCs including Hascol Petroleum Limited and Gas & Oil Pakistan Limited for their involvement in black marketing of petroleum products. A team of […]

by admin

OMCs must have 21 days stock of POL products, federal cabinet decides

Jun 9

Energy

OMCs must have 21 days stock of POL products, federal cabinet decides

ISLAMABAD: Authorities to enforce license condition that Oil Marketing Companies (OMCs) must have 21 days stock in order to ensure availability of petroleum products. Prime Minister Imran khan chaired the meeting of the federal cabinet held on Tuesday. The prime minister directed the Minister of Petroleum and Oil and Gas Regulatory Authority (OGRA) to ensure […]

by Faisal Shah

Jan 1

Energy

POL prices increased up to Rs3.10/liter

ISLAMABAD: The government has increased the prices of petroleum products (POL) up to Rs3.10 per liter effective from January 01, 2020. In a notification issued on Tuesday, the government decided to increase the prices of petroleum products as per recommended by Oil and Gas Regulatory Authority (OGRA). Following are the new POL prices: The price […]

by Anjum Shah

Hascol Petroleum gets license for lube oil blending plant operation

Sep 25

Corporate, Energy

Hascol Petroleum gets license for lube oil blending plant operation

KARACHI: The Oil and Gas Regulatory Authority (OGRA) has granted license to Hascol Lubricants (Private) Limited to start commercial operations of the lube oil blending plant located at Port Qasim Authority, company official said on Wednesday. Hascol Lubricants (Private) Limited is the wholly owned subsidiary of Hascol Petroleum Limited. The company said that the blending […]

by Anjum Shah

Prices of Petrol, HSD increased by Rs6/liter

Mar 31

National

Prices of Petrol, HSD increased by Rs6/liter

ISLAMABAD: The government has increased prices of petroleum products up to Rs6 per liter for the month of April 2019. The prices of petrol and diesel have been increased by Rs6 per liter and prices of kerosene oil and light diesel oil by Rs3 per liter. The price of diesel prices has been inflated from […]

by Faisal Shah