Category: News & Announcement

ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 12th Jun, 2020 ) :The government has planned to start importing high grade petrol and diesel during the fiscal year 2020-21 aimed at tackling the environmental issues and meeting requirements of high-tech vehicles in the country. “To reduce the environmental impact through improved quality of fuel, high grade imports of petroleum products i.e. Petrol and High Speed Diesel is planned to be initiated during 2020-21,” according to the Annual Development Plan (ADP). Minister for Petroleum Omar Ayub Khan has recently inaugurated…

Read More

India is doubling down on its push to replace gasoline and diesel vehicles on its streets with environmentally friendly electric cars. The government plans to order ride-hailing firms such as Uber and Ola, which operate hundreds of thousands of cars in the nation, to convert 40% of their fleets to electric by April 2026, Reuters reported today. As part of the push, Uber, Ola and other companies would need to show signs of progress toward the goal by the end of next year, the report claimed. It stated that the…

Read More

The Economic Coordination Committee (ECC) has approved Electric Vehicle (EV) policy for heavy commercial vehicles and two and three-wheelers. The sources reported that the policy was proposed by the Ministry of Industries and Production (MoIP) after a detailed discussion with stakeholders. The stakeholders include Ministry of Climate Change (MoCC) Engineering Development Board (EDB) and the Ministry of Science and Technology. Last year, the Ministry of Climate Change presented EV policy 2019, which was approved by the cabinet. However, the policy could not be implemented after objections from MoIP, EDB and other involved entities. This…

Read More

Germany’s motor vehicle tax for new high-emissions vehicles is set to rise starting 2021, the Cabinet agreed on Friday. Finance Minister Olaf Scholz pushed forth the changes, saying they would likely result in a slight increase in revenue for the state in the short term. Scholz noted that the goal was to have less high-emitting vehicles in the future and that if this was reached then “the state will have a considerable loss of revenue.” But the finance minister added that this would nevertheless be “a wonderful thing.” The motor…

Read More

PSO’s daily average sale and market share in both petrol and diesel have increased significantly in June’20 as compared to the last eleven (11) months due to the shift in demand from other companies’ outlets. The current daily average sale of PSO has increased significantly by almost 122% in these days as compared to the last eleven (11) months per day average sales in both products i.e. PMG and HSD. The average sales of PSO are over 33,800 MT/per day vs. 15,200 MT/per day last eleven (11) months. Despite the…

Read More