Petroleum
- Pakistan
Pakistan government begins probe into misuse of petroleum imports from China
Islamabad: Probe into misuse of petroleum imports from China began in Pakistan as the federal government on Friday ordered all oil marketing companies (OMCs) to provide evidence-based data on the import of…
- Business
Coal, petroleum products’ production fuel Oct industry growth
New Delhi: Healthy production of coal, and petroleum products as well as eased Covid restrictions lifted the growth of India’s eight major industries in October on a year-on-year and sequential basis. On…
- Business
Petroleum taxes to take govt’s excise collections to historic high levels in FY22
New Delhi: Petroleum taxes are set to give big bonanza to the government in FY22 as the recovering economy and improved demand is set to increase its excise collections over the highest ever…
- Pakistan
Pakistan’s Gwadar loses shine as Saudis shift billion-dollar oil refinery to Karachi
Karachi: Saudi Arabia has decided to shift a planned USD 10 billion oil refinery to Karachi from Gwadar, the epicenter of the country’s flagship China-Pakistan Economic Corridor, further highlighting the infrastructural deficiencies…
- World
UNSC extends ban on illicit oil export from Libya
United Nations: The UN Security Council has unanimously adopted a resolution to extend the ban on the illicit export of petroleum, including crude oil and refined petroleum products from Libya, till July 30,…
- Business
India’s WPI inflation rises to 7.39% in March
New Delhi: India’s annual rate of inflation based on wholesale prices sequentially rose to 7.39 per cent in March from a rise of 4.17 per cent in February. Similarly, the inflation rate last…
- Business
Domestic fuel rates expected to fall as Covid surge dampens Crude cost
New Delhi: The slide in global crude oil prices on Monday gave hope for a similar fall in domestic petroleum prices. The fall in oil prices comes after a blockage at strategic…
- News
Trump allows oil release from Strategic Petroleum Reserve
Washington: US President Donald Trump announced that he has authorized the release of oil from the Strategic Petroleum Reserve following the recent drone attack against two oil facilities in Saudi Arabia. “Based…
