Petroleum sales in Pakistan decline 8pc YoY in August 2023
Sharp drop in sales was predominantly attributed to a staggering 64 percent YoY reduction in Furnace Oil (FO) sales
Sharp drop in sales was predominantly attributed to a staggering 64 percent YoY reduction in Furnace Oil (FO) sales
Finance ministry says pol prices decreased in the wake of variation in international market, improvement in exchange rate
Finance ministry says decision comes following rupee's continuous winning streak against dollar
Reduction attributed to falling global oil prices and exchange rate for Pakistani rupee against the US dollar
The new prices will come into effect from 12am (tonight, November 16)
Prices of petroleum products will be effective from Jan 16
Increase in prices is being considered due to fluctuations in global oil prices
Potential cut in petroleum prices follows a downward trajectory in international market
Surge comes on the heels of a relentless uptick in global oil rates
Decision comes as response to what association alleges is a decrease in allotted oil quota by Antamiya
Spox expresses optimism that resolution of crisis in region would alleviate pressure on global oil prices
International per barrel prices stand at $104.76 for diesel and $107.16 for petrol
New prices of petroleum will be effective for next fortnight
Globally, oil witnesses downward trend plummeting by $6.32 per barrel