Islamabad, July 24 (IANS) People in Dera Ismail Khan and other areas of Pakistan’s Khyber Pakhtunkhwa province are facing problems after several fuel filling stations ran out of fuel due to shortage of petrol, local media reported on Friday. Local residents said that shortage of fuel disrupted daily life, business activities and transport service. Many said that they were forced to travel from one petrol pump to another in search of fuel, leading Pakistani daily Dawn reported.Many alleged that s…
Latest Oil and Gas Regulatory Authority News & Updates
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…
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. …