Oil

Oil

Top Oil Stocks: PSO to gain after hit in June

Aftab Ahmed The state-run oil marketing company Pakistan State Oil (PSO) stands at the top among other oil marketing companies (OMCs) with the highest inventory of…

Jun 30, 2020
Consumer

OGRA fines Rs 15 million to OMCs

Aftab Ahmed Islamabad: Oil and Gas Regulatory Authority (Ogra) imposed a fine of Rs 5 million each on three OMCs for being responsible in petrol crisis…

Jun 29, 2020
Oil

CEO Hascol obtains bail, two escape detention

Aftab Ahmed Chief Executive Officer (CEO) Hascol Petroleum Limited (HPL) gets bail from court and two officials of the company flee to escape from detention in…

Jun 17, 2020
Oil

Refineries claim Rs 47 billion losses

Aftab Ahmed Islamabad: With claims of Rs 47 billion losses, refineries want the government to revise downstream petroleum policy, bailout package, and fortnightly pricing to avoid…

Jun 13, 2020
Oil

OGRA imposes Rs 40 million fine on OMCs

Aftab Ahmed Islamabad: The Oil and Gas Regulatory Authority (OGRA) on Thursday imposed a Rs 40 million fine on leading oil marketing companies including foreign firm…

Jun 11, 2020
Gas

Govt appoints Masood Nabi MD GHPL

Aftab Ahmed The Federal Cabinet has approved the appointment of Masood Nabi as Managing Director (MD) Government Holdings (Private) Ltd–GHPL Pakistan. Masood Nabi has vast experience…

Jun 2, 2020
Oil

Hascol Petroleum lays off 400 employees

Aftab Ahmed As Cash-strapped Hascol Petroleum continues to face heavy losses, it lays off 400 employees across the country. There had been hopes that its financial…

May 27, 2020
Oil

Refineries face Rs 25 billion inventory losses

Aftab Ahmed With claims of facing over Rs 25 billion inventory losses, oil refineries have requested the government to defer payment of petroleum development levy (PDL)…

May 8, 2020