Tag: #Petroleum

  • Mafia: Reason why petrol pumps will be closed tomorrow!

    Mafia: Reason why petrol pumps will be closed tomorrow!

    According to a reliable source, a considerable quantity of cheap Iranian petrol is being acquired by petrol pump owners, who then sell it with a significant profit margin of Rs 6 per liter. However, these owners are now demanding an additional increase of Rs 5 per liter, threatening to go on strike starting from July…

  • Petroleum Prices Likely to Increase on January 15

    Petroleum Prices Likely to Increase on January 15

    ISLAMABAD: Prices of major petroleum products are expected to rise by Rs 6.30 per liter on January 15, 2022, for the next two weeks, mainly due to rise in international oil prices. According to the details, reliable sources said that based on the current tax rate, import parity price and exchange rate, the prices of…

  • Government reduces price of petroleum products

    Government reduces price of petroleum products

    Following the drop in global crude oil prices, the government has reduced the prices of petroleum products in Pakistan with effect from Dec 16 (Thursday)

  • Oil Prices Plunged as New Covid-19 Variant Raised Fears

    Oil Prices Plunged as New Covid-19 Variant Raised Fears

    (Reuters) – Oil prices plunged $10 a barrel on Friday, their largest one-day drop since April 2020, as a new variant of the coronavirus spooked investors and added to concerns that a supply surplus could swell in the first quarter. Oil fell with global equities markets on fears the variant, could dampen economic growth and…

  • Petroleum Prices Touch New Heights After Fresh Hike

    Petroleum Prices Touch New Heights After Fresh Hike

    The government has yet again increased the prices of petroleum products by up to Rs 12 per liter, creating another problem for the people who are suffering from inflation. According to the details, a notification issued by the Ministry of Finance said that the rise in the price of oil in the global market to…

  • Petroleum Prices likely to Rise or Drop? [READ]

    Petroleum Prices likely to Rise or Drop? [READ]

    Islamabad: The Oil and Gas Regulatory Authority (OGRA) has prepared a summary, seeking an increase in petroleum prices from October 16, 2021. According to sources, the oil and gas regulator has sent a summary of changes in prices of petroleum products to the Petroleum Division. Sources said that OGRA has proposed to increase the price of…

  • Government raises price of petroleum products yet again

    Government raises price of petroleum products yet again

    The government has once again increased the prices of petroleum products. A notification has been issued to increase the prices of petroleum products, according to which the price of petrol has been increased by Rs 4 per liter. In addition, the price of high speed diesel has been increased by Rs 2 per liter and the…

  • HASCOL – Massive Corruption of Multi-Billion Rupees EXPOSED!

    HASCOL – Massive Corruption of Multi-Billion Rupees EXPOSED!

    HASCOL Petroleum Limited, the darling of investors within Pakistan as well as abroad who track Pakistani markets, appears to be a basket case of corporate malpractices and fiduciary malfeasance by the management. According to the reports of Baaghi TV, Pakistan’s biggest financial scandal has unveiled right in front of us as HASCOL – a public…

  • Local Candidates failed  for jobs at Kuwait National Petroleum Company

    Local Candidates failed for jobs at Kuwait National Petroleum Company

    Kuwait: Ninety percent of local job applicants for Kuwaiti National Company  failed the exam, disqualifying them. According to Arab media reports, 90% of Kuwaiti Petroleum Company (KNPC) failed the exam to get the job. In this regard, MP Abdul Aziz Al-Saqibi criticized the management of the company and said that the company asked difficult questions…

  • Petrol prices are lowest in Pakistan

    Petrol prices are lowest in Pakistan

    ISLAMABAD: Federal Minister for Information Fawad Chaudhry has said that petrol prices are the lowest in Pakistan. According to reports, Fawad Chaudhry, the Federal Minister of Information, said on Twitter, a social networking site, that the spike in oil prices in the worldwide market is causing concern. Fawad Chaudhry said that there was no choice…