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Business

Web Desk
Aug 02, 2024

Oil marketing companies in Pakistan record 11.4 per cent sales decline

The sales of oil marketing companies in Pakistan fell by 11.4 per cent year-on-year in July 2024, reaching 1.2 million metric tons (MTs).

Business

Web Desk
Mar 02, 2024

OMCs grapple with 19% dip in petroleum sales

AHL reveals a significant downturn in the sales performance of oil marketing companies (OMCs) during the month of February 2024.

Business

Web Desk
Jan 18, 2024

Pakistan’s petroleum product production surges by 6.49%

The latest data released by the Pakistan Bureau of Statistics (PBS) indicates a significant uptick in the production of petroleum products.

Latest

Web Desk
Jan 04, 2024

Pakistan’s petroleum sector faces 15% sales dip in first half of FY24

The initial six months of FY24 brought challenging times for Pakistan’s petroleum sector, marked by a significant decline in sales.

Business

Web Desk
Oct 06, 2023

Govt expected to hike petroleum levy to meet revenue targets

In pursuit of the revenue goals set by the International Monetary Fund (IMF), the government is expected to increase the Petroleum Development Levy (PDL) charge for high-speed diesel (HSD) to Rs60 per litre. This move aims to achieve a targeted revenue of Rs869 billion.