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Pakistan to sign agreement with Azerbaijan to facilitate oil, gas import

PAR Feb 28, 2017 0

ISLAMABAD: Pakistan and Azerbaijan will sign an inter-governmental agreement (IGA) to facilitate import of oil and gas products from the former Soviet...

Oil down two percent as dollar firms, OPEC compliance rate shrugged off

PAR Feb 14, 2017 0

Oil prices declined on Monday by about 2 percent, the most since mid-January, pressured by a stronger dollar and signs of rising US crude output. Inve...

Ogra issues fresh safety guidelines to LPG distributors

PAR Feb 14, 2017 0

Oil and Gas Regulatory Authority (Ogra) has issued fresh safety guidelines to LPG distributors to avoid unfortunate LPG cylinder blast incidents in fu...

LPG price reduced by Rs 300/kg for domestic customers

PAR Feb 9, 2017 0

ISLAMABAD: Price of Liquefied Petroleum Gas for domestic usage has reduced by Rs 300 per kilogram on Wednesday. The price reduction took place after...

Oil extends losses as gasoline weighs down prices

PAR Feb 8, 2017 0

Oil prices fell on Tuesday, pressured by sluggish demand and evidence of a burgeoning revival in US shale production that could complicate efforts by...

US refiners gobble up foreign crude, at least for now

PAR Feb 6, 2017 0

Global oil producers pumping out crude have found particularly willing buyers lately in the United States, where refiners have reaped short-term benef...

Fresh US sanctions on Iran to hit energy import plans: PEW

PAR Feb 6, 2017 0

The Pakistan Economy Watch (PEW) said here on Sunday that fresh US sanctions on Iran can hit plan of Pakistan to import gas from Iran. The Trump admin...

GST, petroleum levy on kerosene oil, LDO abolished

PAR Feb 4, 2017 0

The government has abolished General Sales Tax (GST) and Petroleum Levy (PL) on Kerosene Oil (KO) and Light Diesel Oil (LDO), while it has reduced PL...

Asian gasoline crack hits one-year high

PAR Feb 4, 2017 0

Asia's gasoline crack hit a one-year high of $12.43 a barrel on Wednesday, supported by squeezed supplies in Asia and stronger sentiment in the West,...

Rs 266 million cash payments of WPPF: FIA, OGDCL directed to reopen inquiry

PAR Feb 3, 2017 0

A parliamentary panel has directed Federal Investigation Agency (FIA) and Oil and Gas Development Corporation Limited (OGDCL) to reopen an inquiry int...

Growth rate of POL’s total sales stands at 9.0 percent on YoY basis

PAR Feb 3, 2017 0

Total energy sales for Petroleum Oil and Lubricant (POL) clocked-in at 2.05 million tons during January 2017, down 2.0 per cent on month-on-month basi...

PSO launches its ‘Refuel’ vending machines

PAR Feb 3, 2017 0

Pakistan State Oil (PSO) has recently contracted to place vending machines at its retail outlet with the brand name 'Refuel.' The state of the art ven...

21 OMCs given licences in six months vs 20 in 70 years

PAR Feb 3, 2017 0

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has opened floodgates to oil marketing companies (OMCs) by granting 21 fresh licences in just s...

Customs duty of disposable gas revised

PAR Feb 2, 2017 0

The Directorate General, Customs Valuation (DGCV) on Wednesday revised the customs duty of disposable gas under section 225-A of the Customs Act, 1969...

PPL restrained from holding 400MT LPG auction

PAR Feb 2, 2017 0

A division bench of the Lahore High Court on Wednesday declined to allow permission for holding auction of approximately 400MT (metric ton) Liquefied...