The Ministry of Finance on Friday rejected cut in oil prices recommended by the Oil and Gas Regulatory (OGRA) in its summary yesterday. The finance ministry has decided to maintain the current petroleum prices. According to sources, there will be nominal reduction in prices of light diesel and ...

[caption id="attachment_33106" align="alignright" width="380"] Oil Prices[/caption] The federal government is likely to reduce prices of petroleum products by up to Rs3.50 a litre from 1st November. According to sources, Oil and Gas Regulatory Authority (OGRA) is expected to ...

The Oil and Gas Regulatory Authority (OGRA) on Friday proposed a fresh hike in oil prices from the coming month of October. According to sources, the regulatory authority has recommended raising price of petrol by Rs5.45/litre and diesel by Rs2.63 a litre. It has also recommended hike in ...

Crude oil futures rose for a fourth straight session on Thursday, gaining over $1 a barrel, as conviction strengthened that monetary stimulus measures from major central banks would stay in place for the time being. [caption id="attachment_31566" align="alignnone" width="594"]...

Oil prices were down in Asian trade Monday as investors locked in profits from last week's gains after US stocks blazed to new record levels. [caption id="attachment_30820" align="alignnone" width="468"] Oil Prices[/caption] The US benchmark contract, West Texas Intermediate for June ...

The Oil and Gas Regulatory Authority (OGRA) has proposed a fresh cut in the prices of petroleum products for the coming month of April. In a summary sent to Petroleum Ministry, OGRA proposed reduction in petrol price by Rs1.80 a litre, high speed diesel by Rs1.45 a litre, ...

Crude was down in Asia Monday as traders' hopes of a last-minute compromise deal between US politicians to avert the fiscal cliff faded, analysts said. [caption id="attachment_28534" align="alignright" width="281"] Crude[/caption] New York's main contract, light sweet crude for delivery in ...

The price of petroleum product are likely to be increased by Rs.1 per litre from August 16, Media News cited sources. According to sources, the price of petrol, diesel, light diesel and kerosene oil would be hiked by Rs.1 per litre. While, HOBC would be raised by Rs.2 ...

A plan is under study to pass on full impact of global oil prices to consumers without making any cut in taxes in case world crude prices swell. In this connection, the Oil and Gas Regulatory Authority (Ogra) will be granted powers to notify prices without seeking any ...

Oil and Gas Regulatory Authority (OGRA) Thursday suggested the government to keep the petroleum product prices unchanged for the month of March by dropping petroleum levy, however, otherwise the same would likely be raised by Rs.8.94 a liter, reports....