Govt collects Rs385bn from petroleum levy in two years
ISLAMABAD: The federal government has collected around Rs385 billion on account of the Petroleum Development Levy (PDL) in the last two years...
2019: Saudi Aramco profit slides 20.6pc on lower crude prices
Saudi Aramco reported Sunday a 20.6 per cent drop in 2019 net profit due to lower crude prices and production levels, in...
BP looks at lowering spending after oil price crash
LONDON: BP (BP.L) is “making interventions” to reduce capital and operational spending in the wake of the recent collapse in oil prices,...
Review committee discusses entities being privatised
ISLAMABAD: Federal Minister for Privatisation cum Privatisation Commission Chairman Mohammedmian Soomro chaired a meeting of the review committee on privatisation here on...
PM orders comprehensive strategy to reduce petrol, diesel prices
ISLAMABAD: Prime Minister Imran Khan has directed for comprehensive planning and strategy with mutual coordination of all the departments concerned to bring...
TAPI pipeline administration briefs Pakistan on progress of project
ISLAMABAD: Ambassador of Turkmenistan Movlamov Atajan, along with CEO and Chairman Board of TAPI Pipeline Company Limited (TPCL) Muhammetmyrat Amanov Tuesday called...
Russia says it’s ready for $25 a barrel oil
Russia’s sovereign wealth fund has enough reserves to cover budget deficit for years, even if oil prices stay between $25 and $30...
Russia vs Saudi: How much pain can they take in oil price war?
DUBAI/MOSCOW: Oil titans Russia and Saudi Arabia have accumulated vast financial cushions that will help them weather a lengthy price war. It’s...
Trump blames oil fight, ‘Fake News’ for stock market drop
WASHINGTON: US President Donald Trump blamed a fight for oil market share between Saudi Arabia and Russia, as well as unspecified “Fake...
CPPA recommends Rs3.5 per unit hike in power tariff
ISLAMABAD: The country's power tariff may witness an increase of Rs3.506 per unit under the monthly fuel price adjustment mechanism, as the...
Govt mulls selling 10pc OGDCL shares
The federal government on Thursday mulled over the plan to sell out 10 per cent shares of the Oil and Gas Development...
Cabinet likely to freeze electricity tariff till June 2020
ISLAMABAD: The federal cabinet is likely to grant an approval to an action plan devised by the Power Division to keep the...
Additional Rs120bn collected in revenue of energy sector, Omar tells Senate
ISLAMABAD: Minister for Power Division Omar Ayub Khan on Monday informed the Senate that Pakistan Tehreek-e-Insaf (PTI) government had collected Rs120 billion...
New POL taxes may burden masses with Rs25bn
ISLAMABAD: The federal government has almost made a ‘record increase’ in the ratio of taxes imposed on the petroleum products, which in...
OGRA reduces domestic LPG cylinder price by Rs150
The Oil and Gas Regulatory Authority (Ogra) on Sunday reduced the Liquefied Petroleum Gas (LPG) price by Rs150 per 11.8 kilogram for...