Year: 2022

Crude oil production in the major oil-producing province of Khyber Pakhtunkhwa has decreased by almost 34 percent during the last three and a half years of the PTI government and has gone down to 33,000 BPD from the earlier 50,000 BPD. Similarly, no significant addition was made to the gas production in the province during the incumbent government, and as of February 2022, the raw gas production in KP was 415 MMcf/d, according to official documents available with Pro Pakistani. As per the official estimates, KP has proven reserves of…

At a time when people can barely afford to part with even a single rupee from their heavily strained budgets, the federal government has announced a dramatic rise in the prices of all petroleum products, with the increase ranging from Rs10 to Rs12 on average. Analysts believe this may be the highest rise in petroleum prices at one time ever recorded in the country’s history. It comes because of the increase in global petroleum prices and also because of the IMF demand for the levy on petrol, with Pakistan needing…

Islamabad [Pakistan], February 16 (ANI): Petroleum transporters have announced that they will hold an indefinite protest from Wednesday onwards if the government does not increase fares of fuel transportation that have remained unchanged since 2011 and warned to cut fuel supplies across the country.

Increasing production cost making difficult to run factories, Abdul Rasheed SITE chief demands to withdraw recent increase in POL prices KARACHI: President, Site Association of Industry, Abdul Rashid, has declared the recent increase in POL prices disastrous for the economy and has appealed the Prime Minister Imran Khan to withdraw the recent increase in POL products otherwise, it will become more difficult to run factories due to constantly increasing cost of production. In an appeal to Prime Minister Imran Khan, Energy Minister Hammad Azhar and Advisor for Commerce and Investment…