Islamabad, July 21 (IANS) Pakistan federal government has increased the price of high-speed diesel by Pakistani Rupees (PKR) 5.71 per litre and reduced the price of petrol by 35 paisa per litre for one day on Tuesday, local media reported. After the government’s decision, the price of HSD stood at PKR 360.06 per litre while the price of petrol is PKR 315.8 per litre, Pakistan’s daily The Express Tribune reported. The Pakistan government has decided that fuel prices would be fixed on a daily basi…
Latest Oil and Gas Regulatory Authority News & Updates
New Delhi, April 9 (IANS) Pakistan’s oil marketing companies are facing an acute liquidity crisis as up to Rs107 billion in unpaid price differential claims remain stuck, with industry players accusing the Oil and Gas Regulatory Authority of repeatedly shifting documentation requirements instead of clearing dues, according to an article in the local media.Industry estimates show the first claim of around Rs 27 billion, filed in mid-March, was only partially settled, while subsequent claims worth…
Islamabad, March 6 (IANS) Leaders of the Pakistan Petroleum Dealers Association (PPDA) have warned that petrol pumps across the country may start shutting down within the next few days after several petroleum firms have cut their supplies, local media reported. Addressing media at the Lahore Press Club, the association’s Central Secretary General Chaudhry Irfan Elahi stated the situation had become alarming due to reducing supply of fuel, Pakistan’s leading daily ‘The Express Tribune’ reported. …