Only 17 percent tax is being levied on petroleum products: Omar Ayub

ISLAMABAD: Federal Minister for Power, Petroleum and Natural Resources Omar Ayub has informed the Senate that the federal government is collecting tax at Rs 47.86 per litre on petrol and Rs51.41 per litre on diesel. He said that Prime Minister

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

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

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

Federal govt decides to maintain petroleum prices for February

ISLAMABAD: The federal government has decided to maintain the petroleum prices at the current level for February. According to details, the Finance Ministry has said that the prices of petroleum in January 2020 will remain unchanged for February. Earlier on

Petroleum prices jump high as Iran strikes US bases in Iraq

TOKYO: Petroleum prices jumped to their highest level on Wednesday in months after Iran attacked American forces in Iraq in response to a U.S. strike last week killed an Iranian general, raising the looming threat of a spiraling conflict and

Ayub invites Turkish companies to invest in power sector

ISLAMABAD: Federal Minister for Power and Petroleum Omar Ayub Khan said that Pakistan’s energy sector is fast growing and the renewable energy potential is enormous which need to be tapped by the foreign investors. The federal minister was speaking to