Tag Archives: petroleum


Oil Tankers contractors strike income tax indefinite period oil tankers and contractors association countrywide strike toll taxes

Oil tankers association calls off strike after contact with Petroleum Divis...

07 July, 2020 1:07 pm 1:07 pm

KARACHI (92 News) – The Oil Tankers and Contractors Association on Friday called off their strike after invitation for talks from the Petroleum Division. It is pertinent to mention here that the association was protesting for an indefinite period from Thursday against the increase in income tax, provincial service and toll taxes. According to the … Read More


petroleum MQM-P PPP rise in petroleum prices petroleum products

PPP held MQM equally responsible for rise in petroleum prices

06 June, 2020 7:16 pm 7:16 pm

KARACHI (92 News) – The Pakistan Peoples’ Party (PPP) government in Sindh on Sunday held the Muttahida Qaumi Movement-Pakistan (MQM-P) equally responsible for rise in the prices of petroleum products. Criticizing the MQM for not raising its voice against increase in the prices of petroleum products, Sindh PPP minister Saeed Ghani said that if the … Read More


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Petroleum crisis: IHC rejects Oil firm’s plea to stop instant action of F...

06 June, 2020 1:05 pm 1:05 pm

ISLAMABAD (92 News) – The Islamabad High Court (IHC) on Tuesday rejected the plea of oil company’s petition to stop the instant action of the Federal Investigation Agency (FIA) over petroleum crisis. The oil firm challenged the summons issued to it by the FIA over the petroleum crisis. The bench headed by IHC Chief Justice … Read More


Several areas, face, shortage, petrol, diesel, Karachi

Shortage of petroleum products persists in most cities of country

06 June, 2020 4:56 pm 4:56 pm

LAHORE (92 News) –Shortage of petroleum products persists in most cities of country after a cut in the prices. According to the details garnered, citizens continued to suffer due to an acute shortage of petrol and diesel in several cities. POL products were unavailable in Islamabad, Karachi, Lahore, Peshawar, Quetta, Swabi, Alipur and other cities. … Read More


Smart Sampling Punjab government Punjab chief minister usman Buzdar

Punjab CM directs to provide benefits of reduction in POL prices to public

06 June, 2020 1:18 pm 1:18 pm

LAHORE (92 News) – Punjab Chief Minister (CM) Sardar Usman Buzdar has directed all concerned authorities to provide benefits of the reduction in petroleum prices to the general public. In a statement, the chief minister has instructed all institutions and departments to take steps for reducing prices of essentials items accordingly and to provide relief … Read More


petrol prices petroleum decline international market

Petrol prices expected to decrease by Rs27 per liter in May

04 April, 2020 11:58 am 11:58 am

ISLAMABAD (92 News) – The petrol prices in Pakistan is expected to drop by Rs27 per liter from May 1. After decline in oil prices in the global market, it is expected that the price of the petroleum products in Pakistan will also be decreased. According to the sources, the petrol price can be reduced … Read More


Govt, maintains, prices, petroleum, products, October

Govt maintains prices of petroleum products for October

09 September, 2019 11:19 pm 11:19 pm

ISLAMABAD (92 News) – The federal government has decided to maintain the prices of petroleum products for the month of October. The Finance Ministry has issued a notification in this regard. The Oil and Gas Regulatory Authority (OGRA) had recommended an Rs2.50 decrease for the petrol prices. In the previous month, on the recommendation of … Read More


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Petroleum products may go down in September

08 August, 2019 8:00 am 8:00 am

ISLAMABAD (92 News) – The prices of petroleum products are likely to be slashed from the next month of September. According to sources, the petrol prices by Rs5 per litre, high speed diesel Rs7 per litre are likely to reduce in the next month of September. It was reported that Oil and Gas Regulatory Authority … Read More


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IMF emphasizes to impose tax on agriculture

05 May, 2019 12:06 pm 12:06 pm

ISLAMABAD (92 News) – The International Monetary Fund (IMF) has demanded the more strict conditions for the bailout package as the IMF emphasized to impose tax on agriculture. According to the sources, the IMF also did not accept the finance team of Pakistan and expressed Adviser to Prime Minister Shaikh Abdul Hafeez negative views about … Read More


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Notification for hike in petroleum products released

05 May, 2019 1:45 pm 1:45 pm

ISLAMABAD (92 News) – The Federal Board of Revenue (FBR) on Sunday released the notification for an hike in prices of petroleum products. The recent hike, which was taken into effect from May 5, was made following an increase into Goods and Services Tax (GST) from two per cent to 12 per cent on petrol, … Read More


China national charged with stealing trade secrets: US Justice Department

12 December, 2018 9:48 am 9:48 am

WASHINGTON (Reuters) – The US Justice Department said a Chinese national had been arrested for stealing trade secrets from a US-based petroleum company, his employer, related to a product worth more than $1 billion. The department alleged Hongjin Tan downloaded hundreds of files related to the manufacture of a “research and development downstream energy market … Read More


OGRA recommends Rs9 per liter hike in petroleum price

11 November, 2018 9:57 pm 9:57 pm

ISLAMABAD (92 News) – Oil and Gas Regulatory Authority (OGRA) has recommended surge in petroleum product prices for the month of December on Thursday. As per sources, the regulatory body recommended Rs5.21 per litre increase in the prices of petrol, Rs2 per litre increase in diesel price, Kerosene oil Rs9.91 per litre while Light Diesel … Read More


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Petrol price likely to increase Rs9 per litre

10 October, 2018 8:35 pm 8:35 pm

ISLAMABAD (92 News) – The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Ministry of Petroleum recommending an increase of Rs9 per litre in petrol prices. According to the reports, the body has recommended an increase of Rs13 per litre in diesel prices and Rs6.47 in kerosene oil. An increase of … Read More