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Oil prices up as investors await delayed US data

Source: Geo News | 21-10-2013

Oil prices edged higher in Asian trade Monday as dealers await long-delayed US economic data for clues about the health of the world's largest crude consumer, analysts said.

New York's main contract, West Texas Intermediate for delivery in November,

was up 10 cents at $100.91 a barrel in mid-morning trade, while Brent North Sea crude for December climbed 12 cents to $110.06.

Nepra unearths another RPP-like scam

Source: Dawn News | 31-01-2013

The National Electric Power Regulatory Authority (Nepra) has unearthed a rental power projects-like controversy, alleging that distribution companies of Wapda contracted for about 20 years over 135MW generation capacity without following rules and regulatory procedures. About 10 captive power plants (CPPs) belonging to influential industrial groups ..... Read more

Petroleum prices reduced

Source: Dawn News | 01-04-2013

After approval by the government, the oil companies on Sunday notified a nominal reduction in prices of petrol and diesel by 77 paisa and 62 paisa per litre respectively. The new prices became effective from Sunday midnight. The ex-depot price of petrol (motor gasoline) was fixed at Rs102.30 per litre, down by 77 paisa per litre from Rs103.07 and that o..... Read more

Prices of petroleum products: Govt wants bigger hike than suggested by Ogra

Source: Dawn News | 28-02-2013

The Oil and Gas Regulatory Authority (Ogra) has worked out an average of four per cent increase in the prices of all petroleum products with effect from Thursday midnight, but the government wants the last price surge of its tenure to be even higher. The pricing of petroleum products is turning out to be a major controversy at the fag end of the PPP gov..... Read more

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