Federal government’s decision to maintain the price of petrol Decision to reduce the price of diesel by 1 rupee 77 paise per liter The notification will be applicable from March 16 to March 31
Read MoreLatest Petrol Price 16th March
Day: March 15, 2024
IEA raises oil demand outlook again but still lags OPEC
LONDON: The International Energy Agency on Thursday raised its view on 2024 oil demand growth for a fourth time since November as Houthi attacks disrupt Red Sea shipping, though it remains far less bullish than producer group OPEC. The Organization of the Petroleum-Exporting Countries (OPEC) and the IEA, which represents industrialised countries, have clashed in recent years over issues such as the long-term oil demand outlook and the need for investment in new supply. World oil demand will rise by 1.3 million bpd in 2024, the IEA said in its…
Read MoreFrance eyes return to Pakistan’s LNG market
After legal disputes, French firms seek collaboration to address looming gas shortage ISLAMABAD: France is poised to re-enter Pakistan’s Liquefied natural gas (LNG) export market after an absence of over a decade, following a legal dispute that led to a French company withdrawing from the sector. During the previous Pakistan Peoples’ Party (PPP) administration, a contract for an LNG project was awarded to French firm, GDF-Suez (now ENGIE), which eventually ended up in the apex court.The PPP government granted a 3.5 million tonne LNG import project to the GDF-Suez on…
Read MoreIMF ‘satisfied’ with Pakistan’s significant progress in economic goals
Separate meetings of finance minister, SBP governor, energy minister also scheduled with IMF team The introductory review meeting between Pakistan and the visiting delegation of the International Monetary Fund (IMF) has concluded at the Finance Ministry. The visiting IMF mission was headed by Nathan Porter, and further talks between the two sides will be held in a local hotel. According to sources, the Pakistani team informed the Fund about the country’s economic performance in the current financial year, and also expressed the desire to negotiate for a new deal after completing the…
Read MoreSSGCL accuses ‘front men’ of creating LPG shortages
ISLAMABAD: The Sui Southern Gas Company Ltd (SSGCL) on Thursday accused ‘front men’ of Liquefied Petroleum Gas (LPG) market operators of making complaints before the government institutions to block state-owned entities’ retail business for creating shortages and black marketing the product for personal gains.“Most of the complainants are self-proclaimed stakeholders and they themselves do not have any stakes in the LPG market yet they have invariably been involved in making false allegations against SSGCL and its subsidiary SSGC LPG Ltd (SLL),” a statement issued by SSGCL said.“Quite clearly these false…
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