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Wheat support price jacked up to Rs2,200 | The Express Tribune
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[ad_1] ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday increased the wheat support price by nearly 13% to Rs2,200 per 40 kilogrammes for the new crop and allowed nearly Rs79 billion more subsidies to farmers and to partially clear the circular debt. The ECC, which held its fourth meeting in 12 days,…
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Petrol price in Pakistan to remain unchanged at Rs149.86 per litre
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[ad_1] — AFP/File ISLAMABAD: The petrol price in the country will remain unchanged at Rs149.86 per litre till the next month, a statement from the Finance Division said Tuesday. “In line with decision of the Prime Minister in the last fortnightly review, the petroleum product prices to remain unchanged despite abnormal price increase in international…
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Oil price rout brings sigh of relief | The Express Tribune
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[ad_1] KARACHI: Pakistan’s economic managers heaved a sigh of relief as global crude oil prices returned to below $100 a barrel on hopes of early resolution of the conflict between Russia and Ukraine, as the two countries are likely to reach a middle ground during the ongoing talks. West Texas Intermediate (WTI) crude oil dropped…
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Oil price cut to eat up Rs28 billion | The Express Tribune
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[ad_1] ISLAMABAD: The government is going to pay a heavy sum of Rs28 billion to keep petroleum product prices at current levels for a fortnight amid swelling global crude oil prices because of the ongoing Russia-Ukraine conflict. Earlier, Prime Minister Imran Khan announced a reduction of Rs10 per litre in petroleum prices and that the…
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US benchmark WTI oil price sinks 5% on Ukraine, China
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[ad_1] — AFP LONDON: US benchmark oil West Texas Intermediate slid Monday on Ukraine peace hopes and after major consumer China imposed a Covid lockdown on the tech hub of Shenzhen. WTI slid almost 5.1% to $103.80 per barrel, while European benchmark Brent North Sea crude shed 4.0% to $108.13. “Prices are falling… due to…
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OGRA hikes gas price by up to 16.37% | The Express Tribune
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[ad_1] ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has increased the average prescribed price of gas by up to 16.37% besides curtailing new gas schemes and connections. In two separate decisions on the estimated revenue requirement (ERR) of public gas utilities for fiscal year 2021-22, the regulator jacked up the prescribed gas price by…
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Businessmen urge govt to review petrol price hike | The Express Tribune
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[ad_1] ISLAMABAD: The recent hike in the prices of petroleum products has perturbed the businessmen of Karachi and they have urged the government to review the increase. In a statement on Thursday, SITE Association of Industry President Abdul Rasheed criticised the government for raising prices of petroleum products and requested Prime Minister Imran Khan to…
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Market watch: Petroleum price hike pulls stocks down | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange on Wednesday experienced a tumultuous session as the KSE-100 index traded on both sides of the fence and closed the day on a negative note. A massive increase in petroleum prices by the government impacted investor sentiment, which kept trading in a narrow range. As inflation reading was expected…
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Govt jacks up petrol price by Rs12.03 per litre
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[ad_1] — AFP/File ISLAMABAD: In a major development, the federal government jacked up the price of petroleum products by up to Rs12.03, a notification from the Finance Division said Tuesday. Citing the reason for the increase in the petrol rates, which have for the first time in history moved past Rs150 per litre, the Finance…
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Geopolitical unrest feared to lift petrol price to Rs200-225 | The Express Tribune
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[ad_1] KARACH: The acceleration in international geopolitical tensions over the Ukrainian crisis sent the international Brent oil price surging by 5% to sevenand-half-year high at $95 per barrel on Friday. If Russia invades Ukraine, as being speculated by the US, then the petrol price would spike to Rs200-225 per litre in Pakistan. The next three…
