Month: March 2025

Saudi Arabia may lower April oil prices for Asia

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Oil prices

SINGAPORE: Top oil exporter Saudi Arabia may slightly cut its crude prices for Asian buyers in April, tracking the marginal decline in benchmark prices this month, traders said on Friday. The April official selling price (OSP) for flagship Arab Light crude may decline by 20 cents to 65 cents a barrel from March, four Asian refining sources said in a Reuters survey. That suggests the April Arab Light price could come at a premium of about $3.25-3.70 a barrel to the average of the benchmark Oman and Dubai prices, down…

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LPG prices down by Rs6.15 per kg

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LPG prices down

ISLAMABAD: The government on Friday decreased Liquified Petroleum Gas (LPG) prices by Rs6.15 per kilogram for both domestic and commercial consumers for the month of March 2025. These new prices will be effective from today (March 1). Last month (February), the prices were increased by Rs3.68/kg. According to a notification issued by Oil and Gas Regulatory Authority (Ogra) here on Friday, the price of an 11.8-kilogram domestic LPG cylinder has been reduced to 2,924, down from Rs2,997. Similarly, the cost of a commercial LPG cylinder (45.4 kg) has been reduced…

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OGDCL Declares Highest-Ever Quarterly Dividend of Rs 4.05 Per Share

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ISLAMABAD, February 28, 2025: The Board of Directors of Oil & Gas Development Company Limited (OGDCL), in its meeting held on February 28, 2025, approved the financial results for the half-year ended December 31, 2024. The Board has declared an interim cash dividend of Rs 4.05 per share, marking the highest-ever quarterly dividend in the Company’s history. This brings the total dividend declared so far in the fiscal year to Rs 7.05 per share.Financial and Operational PerformanceDespite industry-wide challenges, including security constraints, lower international crude oil prices, and exchange rate…

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