Archive

Petrol

Britain to ban new petrol cars and vans by 2030

LONDON: Britain will move up a ban on new petrol and diesel cars and vans to 2030 and is eyeing 250,000 new jobs as part of a green industrial revolution. Prime Minister Boris Johnson made the announcement to meet Britain’s

Petrol prices to remain steady till Oct 15

ISLAMABAD: The government on Wednesday decided to maintain the price of petrol for the next fifteen days.  Oil and Gas Regulatory Authority (OGRA) has recommended reducing the petrol prices in the country from October 1-15. The price of diesel has

Petroleum prices to be revised on fortnightly basis

ISLAMABAD: Economic Coordination Committee (ECC) of the federal cabinet has approved a proposal by the Ministry of Energy for revision of prices of petroleum products on a fortnightly instead of the existing monthly basis. The ECC chaired by Adviser to

Petrol price hike

The government has imposed a massive hike in petroleum prices with immediate effect. The historic increase of 33 percent is unprecedented and shows the government’s incompetence and surrender in front of the mafias and cartels that rule the country. The

Hike in petroleum prices challenged in LHC

LAHORE: The fresh hike in prices of petroleum products has been challenged in the Lahore High Court (LHC) on Saturday over claims that the requisite procedure was not followed. The petition, filed by advocate Muneer Ahmed, stated that the increase

OGRA chairman responsible for petroleum crisis: LHC

LAHORE: Lahore High Court on Wednesday expressed immense disappointment over the performance of Oil and Gas Regulatory Authority (OGRA) chairman. While hearing a case related to petroleum shortage, Chief Justice Lahore High Court (LHC) Muhammad Qasim Khan remarked that the

Petrol supply to improve within three days: Omar Ayub

ISLAMABAD: Federal Minister for Petroleum Omar Ayub on Thursday said that supply of petroleum products would improve in the next three days and the crisis will be resolved. The federal minister was speaking to media outside the Peshawar High Court

Fuel shortages

An unusual situation has been observed leading to a shortage of petrol and diesel at fuel stations across the country adding to the miseries of people. The government has reduced the price of petrol but people still have to endure

Minister warns of action against OMCs creating petrol shortage

ISLAMABAD: Minister for Petroleum Omar Ayub Khan said the government has decided to take stern action against oil marketing companies (OMCs) and dealers creating artificial shortage of petroleum products. In a tweet, the minister said that it has been decided

Import of Euro-V compliant petroleum products approved

ISLAMABAD: The Cabinet Committee on Energy (CCOE) on Thursday approved the imports of the import of Euro-V compliant diesel and petrol products. A CCOE meeting, chaired by Planning Minister Asad Umar, approved the proposals of the Ministry of Energy (Petroleum

Petroleum Division raises concerns over artificial petrol shortage

ISLAMABAD: The Petroleum Division has expressed concern over the artificial shortage of petroleum products being created in the country by oil marketing companies (OMCs) and petrol dealers. The Petroleum Division issued a statement stating that there is sufficient quantity of

PM announces multi-billion relief package, tax concessions

ISLAMABAD: Prime Minister Imran Khan on Tuesday announced a multi-billion package involving relief for the working class and business community besides lowering fuel prices in the country amid a shutdown in various parts of the country. While addressing a group

PM seeks suggestions for strategy to reduce POL prices

ISLAMABAD: Prime Minister Imran Khan has directed for comprehensive planning and strategy with mutual coordination of all concerned departments to bring a reduction in costs of petroleum products. The prime minister was chairing a meeting in Islamabad today on factors

Petrol prices slashed by Rs5 per litre for March

ISLAMABAD: The government slashed the price of petrol by Rs5 per litre on Saturday as oil prices declined in the international market. According to the Ministry of Finance, petrol will now be sold for Rs111.60 per litre. The price of

Petrol price hiked by Rs2.61 per litre on New Year Eve

ISLAMABAD: The government has approved a summary by the Oil and Gas Regulatory Authority (OGRA) hiking the prices of petroleum products by up to Rs3.2 with effect from January 1, 2020. The reguatory authority had proposed a maximum rise of

Petrol price reduced by Re0.25 per litre for December

ISLAMABAD: The government on Saturday announced decrease in the prices of petroleum products for the month of December. The decision was made on recommendations by the Oil & Gas Regulatory Authority (Ogra) which proposed the decrease to pass on the

Petrol price increased by one rupee for November

ISLAMABAD: The federal government on Thursday announced a Re1 increase in the price of petrol for the month of November. The price of petrol was increased from Rs113.24 to Rs114.24 per litre, as recommended by the Oil and Gas Regulatory

OGRA recommends one rupee hike in petrol price

ISLAMABAD: The prices of petrol and high-speed diesel are likely to rise in November 2019 due to fluctuations in global crude oil prices. The Oil and Gas Regulatory Authority (OGRA) recommended the government on Wednesday to increase prices of petrol

Petroleum prices to remain unchanged in October

ISLAMABAD: The federal government has decided not to change the prices of petroleum products for the month of October 2019. According to an official notification issued by finance ministry, the decision was taken in light of the rise in petroleum

Rising petrol prices effect consumer’s monthly budget

RAWALPINDI: In the light of the increase in petroleum prices, the denizens of the twin cities of Rawalpindi and Islamabad are worrying about their monthly budget. The people have suggested the PTI administration to withdraw the decision in the greater

Oil imports sharply decline by 26 percent in current fiscal year

ISLAMABAD: The oil import bill showed a sharp decline of over 26% in the first two months of the  current fiscal year from year ago according to data released by the Pakistan Bureau of Statistics (PBS). The data analysis shows that all groups, including food

Oil prices fall as Saudi Arabia assures to restore oil supply

RIYADH: Saudi Arabia’s Minister for Energy, has assured the concerned countries that oil output will return to normal by the end of this month. Saudi Arabian Minister of Energy, Salman Bin Abdul Aziz told in a press conference, “Production will

Govt to reduce petroleum prices for people’s benefit: Firdous Awan

ISLAMABAD: Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan has said that the government had decided to let the people benefit from the declining prices of petroleum products. In a tweet, Dr Firdous Ashiq

Two injured as oil tanker overturns near Okara

SAHIWAL: Two people were injured when an oil tanker overturned on the National Highway near Okara on Friday morning. Reportedly two men were injured when an oil tanker carrying 40,000 litres of petrol overturned on the National Highway near Sashiwal’s