Tag: oil and gas
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Govt decides not to reduce petrol, diesel prices
The caretaker government announced on Tuesday that petrol and diesel prices would remain unchanged until November 15. Furthermore, the government reduced the prices of kerosene and light-speed diesel by Rs 3.82 and Rs3.40 per litre. Kerosene and light-speed diesel will now be priced at Rs211.03 and Rs189.46 per litre, respectively. In the previous review on…
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OGRA proposes Rs10 million fine for oil companies involved in illegal petroleum stocking and distribution
The Oil and Gas Regulatory Authority (OGRA) has recommended severe penalties for those involved in the illegal storage, handling, and distribution of petroleum products in Pakistan. OGRA has proposed amendments to Sections 285-B and 285-C of the Pakistan Penal Code to address this issue.
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Shipment of discounted Russian oil en route to Pakistan: 100,000 tons set to arrive next month
The government’s energy security plan will soon see the arrival of vessels carrying 100,000 tons of discounted Russian oil at Pakistan ports in early June. Musadik Malik, the State Minister for Energy, made this announcement during a private meeting with members of the media, where he discussed the new refinery policy. The policy aims to…