Pakistan, in a major relief for the inflation-hit masses in the cash-strapped nation, has slashed the prices of petrol and high-speed diesel (HSD) by ₹10.20 and ₹2.33 per litre respectively ahead of the Eid ul Adha festival. The price cut, effective from Saturda...
Pakistan State Oil (PSO) found itself paying escalated import premiums for petrol, despite a strength ening rupee against the USD. Consequently, the price of HSD is anticipated to surge by PKR9- 11 per litre, while petrol prices are poised to increase by approximately PKR4 per litre, con ...
The recent decline in overall oil sales in Pakistan has been a cause for concern, with a 47% year-over-year drop recorded in April. From July to April of FY23, total sales have shrunk by 24% to 13.970 million tonnes. The decrease in sales has primarily been attributed to a significant...