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Petroleum ministry increases prices

Source: GEO News | 13-06-2013

ISLAMABAD: The Petroleum Ministry has approved an increase in the price of petroleum products following an increase in the sales tax.

The price of petrol has been raised to Rs100.53 from an earlier price of Rs99.77. The price of diesel has been increased by 90 paisas to Rs105.50.

Meanwhile the price of light diesel was raised by 77 paisas increasing it to Rs89.90 while Kerosene oil was raised to Rs94.59.

The price of petroleum products have been increased after GST was raised by 1 percent in the budget.

SBP imposes max spread limit between buying, selling rates

Source: Dawn News | 13-02-2013

The State Bank of Pakistan (SBP) has imposed a maximum limit on the spread between the buying and selling rates of foreign currencies in open foreign exchange market. “It has now been decided that the maximum spread allowed between the buying and selling rates of foreign currencies must not exceed twenty-five (25) paisas, at any given time..... Read more

Sindh CNG pumps to observe two-day closure

Source: Geo News | 22-08-2013

KARACHI: Filling stations of Compressed Natural Gas (CNG) will remain closed across the province of Sindh for two days from 8 AM Thursday to the same time Saturday, according to an announcement of Sui Southern Gas Company (SSGC). The closure of CNG, a low lost fuel used by thousands of private vehicles and 80 percent passenger busses, increases ..... Read more

Gas cut, impure furnace oil hit ghee sector hard

Source: The Nation | 21-01-2013

Ghee and cooking oil industry in Punjab has been in grip of energy crisis, as the sector is without gas for the last two months while the sector has to bear 8-10 hours power breakdowns. Pakistan Vanaspati Manufacturers Association (PVMA) Chairman Khawaja Arif Qasim said that due to unavailability of gas they are operating boilers with furnace oil, w..... Read more

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