Tag: Petrol

US $10bn Facility to Support Market-Based Financing, Not a Loan: Aurangzeb

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New-Project23

# US $10bn Facility to Support Market-Based Financing, Not a Loan: Aurangzeb **ISLAMABAD:** Finance Minister Muhammad Aurangzeb has clarified that Pakistan’s proposed **$10 billion facility from the United States would not be a loan or credit line**, but a mechanism aimed at strengthening currency and exchange-rate stability and enabling the country to raise longer-term financing from international capital markets. Speaking to the media after launching a simplified tax scheme for small traders, Aurangzeb said Pakistan was awaiting a response from the **US Treasury by the end of September** regarding its…

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Diesel Price Cut by Rs32.63, Petrol Rises by Rs2.97 Per Litre

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New-Project22

# Diesel Price Cut by Rs32.63, Petrol Rises by Rs2.97 Per Litre The government has slashed the price of high-speed diesel (HSD) by **Rs32.63 per litre**, while increasing petrol prices by **Rs2.97 per litre**, following what officials described as successful talks with oil refineries. Under the latest revision, effective **August 20 (Thursday)**, petrol will be available at **Rs337.51 per litre**, while HSD will cost **Rs363.06 per litre**. The government continues to impose **Rs114 per litre in taxes and duties on petrol** and **Rs100 per litre on diesel**. The sharp reduction…

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PM Shehbaz Directs Petroleum Minister to Go to Karachi for Diesel Price Cut

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Refinery-Upgrades

*PM Shehbaz Directs Petroleum Minister to Go to Karachi for Diesel Price Cut* *ISLAMABAD:* Prime Minister Muhammad Shehbaz Sharif has directed Petroleum Minister Ali Pervaiz Malik to travel to Karachi immediately and negotiate with oil refineries to secure a reduction in the price of locally produced diesel. The directives were issued during a high-level meeting attended by Minister for Information and Broadcasting Attaullah Tarar, Minister for Economic Affairs Ahad Khan Cheema, Minister for Climate Change Dr. Musadik Masood Malik, and MNA Hamza Shehbaz. Noting that a majority of the country’s…

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Cnergyico, Easypaisa Partner to Expand Digital Payments at Byco Fuel Stations

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New-Project20

# Cnergyico, Easypaisa Partner to Expand Digital Payments at Byco Fuel Stations **KARACHI:** Cnergyico Pk Limited and easypaisa Digital Bank have entered into a strategic collaboration to accelerate the adoption of digital payments at **Byco fuel stations** across Pakistan. Byco, the retail brand of Cnergyico’s oil marketing business, operates a rapidly expanding network of more than **480 fuel stations** nationwide. The partnership aims to make fuel payments more convenient, accessible and digitally enabled for Byco customers. An agreement to this effect was signed at Cnergyico’s head office by **Mudassar Qadeer,…

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OGRA Develops Real-Time Petroleum Stock Monitoring System

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OGRA

# OGRA Develops Real-Time Petroleum Stock Monitoring System **ISLAMABAD:** The Oil and Gas Regulatory Authority (OGRA) is developing a digital system to obtain real-time petroleum stock and supply data directly from oil marketing companies (OMCs) and refineries, aiming to improve the accuracy, reliability and timeliness of information across the country’s fuel supply chain. According to official documents, the new platform will collect data from OMCs and refineries through their **Enterprise Resource Planning (ERP) systems**, while petroleum stock positions will be monitored through **Automatic Tank Gauging (ATG) sensors**. The digital platform…

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