oil prices

After the country’s established automotive associations, petroleum industry has also started feeling shattered. A couple of days back, PAMA and PAAPAM raised their concerns in a letter to Prime Minister Shahbaz…

On Monday, the oil prices increased significantly because major oil producers of the world decided to cut the amount of oil they produce by over a whopping million barrels. At the same time, most stock markets…

The Role of OGRA The Oil and Gas Regulatory Authority (Ogra) has been allegedly manipulating the exchange rate adjustment to keep petrol prices low in the country. This manipulation has led Pakistan State…

The next petrol prices revision is just one day away, and everyone’s holding their breath. We know for sure that it’s going to be bad news, but how bad? Sources say that the government might increase the petrol…

For the first time in months, international oil prices have dropped. Now, everyone’s expecting relief in the local petrol prices. Sorry to break it to you, but it’s too soon for that. Not to worry, though,…

Pakistan Industrial and Traders Associations Front (PIAF) has lauded government’s decision to cut oil prices on the directive of the Supreme Court (SC). The reduction is aimed at giving relief to the people.…

For the past one year, the Government of Pakistan has been continuously tuning up the prices of petroleum products despite receiving criticism from local commuters in the process. According to the…

On New Year’s Eve, the government soared the prices of petroleum products in the country, burdening the local consumers. The step received harsh criticism from Lahore and Islamabad Chambers of Commerce and…

The Oil and Gas Regulatory Authority (OGRA) has sent a summary on this Tuesday, to the Government, to increase the tariff of petrol, kerosene oil, high speed diesel and HOBC with effect from December 1st 2016.…

The government has once again dismissed the proposal by Oil and Gas Regulatory Authority (OGRA) to increase petroleum prices for the month of June 2016. This is the second consecutive time the government has…

ISLAMABAD: The government has increased the sales tax rate on petroleum products by 5%, making it 22% from 17% previously, despite clear orders from Supreme Court against it. The decision was made on Tuesday…

Recent drop in oil prices has really overwhelmed me along with the entire nation as a shot of adrenalin to motorists. Different people have different hypotheses to explain the rationale for oil prices drop.…

Oil and gas regulatory authority is busy working on an initial report to increase the fuel prices by 15 % from March 1. Although the international crude oil prices have reached a new two and a half year…