Karachi, September 17, 2020: Pakistan Petroleum Limited (PPL), a frontline Exploration and Production (E&P) company for seven decades, has played a key role in providing energy for the country with a current contribution of more than 20 percent to national gas supplies. “The company’s over a 100-year rich history is linked with its predecessor and…
Delayed petrol imports shaped crisis, Govt lost billions in revenue Masses deprived of the benefit of reduced petroleum prices New pricing formula needed in the changed scenario: Ghiyas Paracha Karachi, June 02, 2020: The All Pakistan Petroleum Retailers Association has demanded a detailed probe into nationwide fuel shortage and asked the authorities to fix the…
Islamabad, April 30, 2020: The federal government on Thursday announced to cut the petroleum products prices up to Rs 30 per litre following the massive fall in the crud oil prices in the international market. According to notification MS petrol price has been reduced by Rs 15 per litre. The new petrol price will be…
Byco Petroleum reported a gross profit of Rs. 11.2 billion but a net loss of Rs 2.67 billion, largely due to weak demand, high exchange rate, inventory losses, and an increase in finance costs. The company is experiencing tough market conditions as the spread of COVID-19 hurts demand but can withstand this period. Karachi, April…
Govt must intervene immediately to save petroleum sector, new profit formula imperative for dealers: Ghiyas Paracha Karachi, April 20, 2020: Leader of the Petroleum Dealers Association and All Pakistan CNG Association Ghiyas Abdullah Paracha on Monday said the petroleum dealers have reached to the brink of bankruptcy due to uncertain conditions and nationwide lockdown. The…