Petroleum Division Opposes Higher Fuel Taxes Amid Surging Global Energy Prices
The Petroleum Division has formally opposed any hikes in the petroleum levy for the upcoming fiscal year, urging a reduction in tax rates to shield consumers from high global oil prices.
OGRA Orders Local Refineries to Pay 7.1 Billion Rupees to PSO Amid Rising Diesel Import Costs
The Oil and Gas Regulatory Authority directs five Pakistani refineries to compensate PSO with 7.1 billion rupees to manage high diesel premiums caused by regional instability.
Jawwad Ahmed Cheema Appointed CEO of Pakistan State Oil for Three Year Term
Pakistan State Oil names former Shell executive Jawwad Ahmed Cheema as its new CEO starting May 2026 following a strategic board decision in Karachi.
Pakistan Diversifies Energy Imports with Strategic Fuel Shipments from Oman
Pakistan bolsters energy security by importing petrol and diesel from Oman, aiming to reduce reliance on traditional shipping routes amid regional volatility.
Pakistan Airlines Set to Raise Airfares as Jet Fuel Prices Surge Amid Iran-US-Israel Conflict
Jet fuel prices in Pakistan have nearly doubled, forcing domestic and international airlines to increase airfares by up to 30%, impacting travelers ahead of Eid holidays amid rising global petroleum costs.
PSX Reconstitutes NBP Pakistan Growth Index, Adds National Bank of Pakistan, Drops PSO
Pakistan Stock Exchange updates NBP Pakistan Growth Index with National Bank of Pakistan as new constituent, removing Pakistan State Oil, reflecting scheduled index review and potential portfolio shifts.