Pakistan State Oil (PSO) and Hubco Green (Private) Limited have signed an agreement to develop and market EV charging infrastructure in Pakistan. This initiative aims to promote the adoption of electric vehicles by offering charging services at select PSO fuel stations nationwide. According to the report, the signing ceremony took place on February 14, as … Read more
Petrol price to go up by Rs 15 on September 16. International crude oil prices surge, raising concerns of renewed inflation in Pakistan. Petroleum product prices to increase by up to Rs 15 per liter. Petroleum product prices are expected to undergo a potential hike of up to Rs 15 per liter on September 16 … Read more
KARACHI: Pakistan’s oil sales fell 21 per cent YoY to clocked-in at 1.21 million tonnes in February 23 against 1.54 million tonnes in the same period of the last year, a statement said on Thursday. The decline in the oil sales is mainly attributable to higher petroleum product prices, a slowdown in the economic activities, … Read more
KARACHI: Pakistan’s oil products sales fell 20 per cent to clock-in at 1.44 million tonnes in January 2023 against 1.8 million tonnes in the same period of the last year, official data suggests on Thursday. “The decline in the oil sales is mainly attributable to a slowdown in the economic activity, coupled with higher prices,” … Read more
KARACHI: The overall oil sales recorded an increase of 14 per cent to 14.5 million tonnes during the first eight months of fiscal year 2022 owing to the higher agricultural and trading activities, Oil Companies Advisory Council (OCAC) data showed. During the period under review, furnace oil (FO) sales surged by 14 per cent on … Read more
KARACHI: The profits of Pakistan State Oil (PSO) registered the earnings growth of 4.6x to Rs20.3 billion, translating into the earnings per share of Rs43.27 during the second quarter of the fiscal year 2022 ended in December 2021. The company’s profits were recorded at Rs4.03 billion translating into the earnings per share (EPS) of Rs8.85 … Read more
Despite all the hue and cry around gas shortages, Pakistan has not been able to develop any new liquefied natural gas (LNG) terminals since 2017, while smooth commercial import of the scarce commodity still remains a far cry. Energy is a very tricky subject as far as Pakistan is concerned, where the industrialists, compressed natural … Read more
KARACHI: The Sui Southern Gas Company (SSGC) participated in the Abu Dhabi International Petroleum Exhibition and Conference, a statement said. ADIPEC is a premier energy sector event held in Abu Dhabi. It is hosted annually by Abu Dhabi National Oil Company (Adnoc). Managing Director of the SSGC, Imran Maniar said that finding new suppliers, probing … Read more
The court has indicted former prime minister Shahid Khaqan Abbasi and other accused in a case of illegal recruitment in Pakistan State Oil (PSO). According to the details, the accused denied the charge in the court room, after which notices have been issued to the investigating officer and witnesses on the denial of the accused. … Read more
The Sui Northern Gas Pipelines Limited (SNGPL) allocated Rs 38 million for the support of governmental efforts to curb spread of coronavirus. SNGPL Board directed the company to deposit Rs 19 million in the Prime Minister’s Relief Fund SNGPL committed Rs 19 million to National Disaster Management Authority (NDMA) for the procurement of medical supplies … Read more
