petroleum

Govt likely to hike petroleum prices by up to Rs15 per litre

Govt likely to hike petroleum prices by up to Rs15 per litre

LAHORE  – International Monetary Fund (IMF) is reportedly pressing the federal government to hike prices of the petroleum products by up to Rs15 per litre, well-informed sources told Roznama Dunya.As per details garnered, the prices will be gradually hiked within span of three months.Sources further added that the delegation of IMF had expressed dissatisfaction over […]

Petroleum Division gears up to deal with likely gas crisis in Punjab

Petroleum Division gears up to deal with likely gas crisis in Punjab

ISLAMABAD: The Petroleum Division is set to table a plan before the Economic Coordination Committee (ECC) of the cabinet for giving direct subsidy to state-run Sui Northern Gas Pipelines Limited (SNGPL) on supply of imported gas to the consumers.The plan comes ahead of a gas crisis that is likely to hit over 50% of domestic consumers […]

SC directs to review mechanism of petroleum prices, taxes

SC directs to review mechanism of petroleum prices, taxes

KARACHI ;The Supreme Court on Friday has expressed reservations over the briefing of Oil and Gas Regulatory Authority (OGRA), Pakistan State Oil (PSO) and other officials and directed to review the mechanism petroleum prices and imposition of additional taxes. Chief Justice of Pakistan (CJP) Mian Saqib Nisar heard the case in Supreme Court Karachi registry. […]

New Prices of Petroleum Products

New Prices of Petroleum Products

New Prices of Petroleum Products Islamabad: (Asghar Ali Mubarak) The following prices of different petroleum products have been approved for the month of February 2018: Product Existing Prices (Rs) per litre w.e.f 1.1.2018 New Prices (Rs) per litre w.e.f 1.2.2018 Increase (Rs) per litre Motor Spirit (MS) 92 RON Petrol 81.53 84.51 2.98 Diesel (HSD) […]

Increase in petroleum prices challenged in LHC

Increase in petroleum prices challenged in LHC

LAHORE (Yes News) – Increase in the prices of petroleum products has been challenged in Lahore High Court (LHC) today (Thursday). According to details, the plaintiff has demanded to return the additional sales tax. The federal government had increased petroleum prices for fifteen days. The finance minister Ishaq Dar told that petrol prices have been raised […]