Mian Misbah-ur-Rehman, Federal Minister for Commerce and Industries, has argued in favour of the price hike of petroleum products and defended the government’s stance on increasi...
Agreement Made For Higher Grade Petrol: But there’s a Catch!
RON or Research Octane Number is a standard used to assess the performance of a fuel inside an engine. Higher the RON better is the combustibility of fuel. Petrol currently sold in...
FBR Notifies Changes In Sales Tax On Petroleum Products
The Federal Board of Revenue (FBR) had issued SRO.175 (I)/2015 on 27th February 2015 to change the rate of sales tax on petroleum products to minimize the increase in petroleum p...
Government increases Sales Tax on Petroleum Products by 5%
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 ...
Sheikh vs Shale – Saudi Oil Sheikhs go up against the American Shale Oilmen
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 rat...
Low gas prices hurting sales of hybrid vehicles internationally
It is said that gas prices and improving economy are inversely proportional to each other. As the United States economy is improving, gas prices are declining. Statistics shows tha...
Fuel prices to be increased by upto Rs12
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 n...