oil prices

The federal government has decided to discontinue fuel subsidies for motorcyclists, small farmers, public transport, goods transport, and freight vehicles after a sharp decline in global oil prices eased…

Prime Minister Shehbaz Sharif has said Pakistan has sufficient petroleum reserves to meet current demand, while urging the public to save fuel by reducing travel and increasing the use of teleconferencing at…

The government has decided to keep petrol and diesel prices unchanged, offering temporary relief to consumers despite the dual pressures of rising global oil prices and fiscal constraints. Prime Minister…

Global oil markets are on edge again as tensions around Iran and the Strait of Hormuz raise fresh risks for shipping and supply.  The Strait is one of the world’s most important energy chokepoints: the U.S.…

The global energy market is facing a storm like never before, as the Strait of Hormuz, the world’s most critical oil shipping lane, becomes the epicenter of geopolitical tension.  With rising instability…

Every fortnight, as the clock ticks towards midnight, millions of citizens tune in to news channels or refresh their social media feeds, anxious to learn the new revisions to petrol and diesel prices from the…

Pakistan has officially received its first-ever shipment of U.S. crude oil, marking a new chapter in the country’s energy sourcing strategy and trade relations with Washington. The cargo arrived on Wednesday…

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…