MD PPL accused of irregular appointment
Auditor General of Pakistan (AGP) accused Managing Director (MD) Pakistan Petroleum Limited (PPL) for giving undue favour in appointment of head of legal and commercial by violating Hiring Policy (HR) of the company. The Audit Report on the Accounts of…
PSO allows change rate adjustment on HSD import (May 16-31)
KARACHI (May 16): The Oil and Gas Regulatory Authority (OGRA) has endorsed Pakistan State Oil’s (PSO) claim for an exchange rate adjustment of Rs1.43 per litre on high-speed diesel (HSD) and 32 paisa per litre on petrol. This adjustment will be applied…
Petrol price reduces by Rs 14 n diesel by Rs 9 wef May 16
ISLAMABAD (May 16): The ex-depot petrol rate may decline by Rs 13.40 per litre and high-speed diesel (HSD) by Rs 8.19 per litre for the next fortnight starting from May 16, according to an estimate. The premium on petrol is expected to be around $10.30…
PL collection Rs 719 billion in nine months of current FY
Islamabad (May ) – Federal government has succeeded in collecting petroleum levy (PL) on petroleum products, with a 98 percent rise compared to the same period last year. This surge in tax collection has amounted to Rs 719 billion, marking a…
Down by Rs 8.03/litre petrol prices wef May 1
ISLAMABAD (April 25) – Fortnightly rates of petrol and High-Speed Diesel (HSD) are expected to be slashed by up to Rs 8.03 per litre due to a decline in international oil prices and premium rates, with effect from May 1, 2024. The federal government is…
OGRA HOLDS PUBLIC HEARING AT LAHORE ON SNGPL ERR FY 24-25
The Oil and Gas Regulatory Authority (OGRA) is conducting a public hearing at Lahore on March 25, 2024 on the petition of Sui Northern Gas Pipelines Limited (SNGPL) for Determination of its Estimated Revenue Requirements / prescribed prices for FY…
OGRA notifies tariff raise for RLNG upto 2.58 per mmbtu
ISLAMABAD – Oil and Gas Regulatory Authority (OGRA) on Wednesday raise the monthly tariff of imported RLNG upto 2.58 per mmbtu for both gas companies- Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company (SSGC) with effect from March 1,…
PPIB to develop Framework for Power Purchaser Post LoI Issuance changes
ISLAMABAD: The Private Power Infrastructure Board (PPIB) has decided to formulate a framework for change in power purchaser after issuance of Letter of Intent (LoI).During a recent meeting of PPIB, Board., Managing Director PPIB, Shah Jahan Mirza…
SNGPL seeks again PD intervention to settle Rs 160 billion tax.
ISLAMABAD : Sui Northern Gas Pipeline Limited (SNGPL) has against sought Petroleum Division’s support to deal with tax demand of nearly Rs 160 billion by the Federal Board of Revenue (FBR).In continuation of SNGPL’s earlier communications of even…
PSO opposes parking PIA’s liabilities in a Holding Company
ISLAMABAD: Pakistan State Oil (PSO) has rejected government’s plan on parking of its liabilities towards PIA in a Holding Company, suggesting other options for payment of Rs 15.8 billion. Recently, Board of Management (BOM) of PSO was informed that…