ISLAMABAD: Petroleum Minister Musadik Malik has expressed ignorance about excessive diesel imports by a few oil marketing companies (OMCs), which put operations of local refineries in jeopardy. The Oil Companies Advisory Council (OCAC), which represents the refineries and exploration companies, has recently raised the issue of swelling diesel stocks, which jumped to 49 days of … Read more
ISLAMABAD: Despite having surplus oil stocks providing 45-day cover, Pakistan is expected to see an outflow of $140 million owing to the import of high-speed diesel (HSD) planned for September. According to sources, the import of 50,000 metric tons of HSD costs an average of around $38 million. As September imports are estimated at 183,000 … Read more
The prices of petrol and high-speed diesel (HSD) are expected to decrease by approximately Rs5-6 per litre for the third consecutive fortnight, starting September 1, primarily due to a decline in international oil prices. As per reports, the international market price for petrol and HSD fell by $2 to $2.30 per barrel over the last … Read more
Pakistan may see a significant reduction in fuel prices in the coming days, with cuts of up to Rs12 per litre expected across various petroleum products, according to industry sources. Preliminary calculations suggest that the price of petrol could decrease by over Rs9 per litre, while high-speed diesel (HSD) may see a reduction of up … Read more