prices
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Rupee fall, high prices add to fuel subsidy | The Express Tribune
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[ad_1] ISLAMABAD: The continued rise in global crude oil prices and depreciation of the rupee against the US dollar have increased the cost of petroleum product subsidy. With the rupee’s fall, a 3.17% increase in prices of petroleum products has been projected from May 16. The average exchange rate had been Rs185.95 to the dollar…
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Gas prices hit new record in US
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[ad_1] Customers pump gasoline into their cars at a gas station in the Bronx, on June 1, 2018, in New York. — AFP WASHINGTON: US gas prices reached a record high Tuesday, as President Joe Biden said fighting inflation is his “top domestic priority.” The price at the pump hit $4.37 per gallon, according to…
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Oil prices tumble over 5% | The Express Tribune
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[ad_1] NEW YORK: Oil prices sank over 5% on Monday alongside equities, as continued coronavirus lockdowns in China, the top oil importer, fed worries about the demand outlook. Brent crude fell $5.92, or 5.3%, to $106.47 a barrel at 1706 GMT. US West Texas Intermediate crude fell $6.16, or 5.6%, to $103.61 a barrel. Both…
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US gas prices at highest since 2008 | The Express Tribune
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[ad_1] LONDON: US gas prices have surged to the highest level in real terms since the financial crisis in 2008 as strong demand for LNG from buyers in Europe and Asia puts pressure on inventories. Front-month futures for gas delivered to Henry Hub in Louisiana are trading at almost $9 per million British thermal units,…
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Oil prices rise more than 1% | The Express Tribune
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[ad_1] HOUSTON: Oil prices rose more than 1% on Friday and were set to rise for a second consecutive week, shrugging off concerns about global economic growth as impending European Union sanctions on Russian oil raised the prospect of tighter supply. Brent futures rose $1.43, or 1.3%, to $112.31 per barrel by 1618 GMT, while…
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‘Govt incurs Rs102 billion loss every month due to petrol prices’ | The Express Tribune
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[ad_1] KARACHI: Finance Minister Miftah Ismail claimed on Thursday that the federal government incurs a loss of Rs102 billion monthly due to the current petroleum prices, stating that the terms of Imran Khan’s International Monetary Fund (IMF) agreement stipulated a price of Rs245 per litre of petrol. In conversation with the media in Karachi, the…
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Govt will try to maintain petroleum prices, says Miftah | The Express Tribune
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[ad_1] KARACHI: Finance Minister Miftah Ismail on Thursday announced that the incumbent government would strive to maintain current petrol prices, adding that if rates are increased, no new taxes would be imposed. In conversation with the media in Karachi, the minister harshly criticized former prime minister Imran Khan’s polices stating that the terms of the previous International…
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No further hike in edible oil prices | The Express Tribune
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[ad_1] KARACHI: The PML-N coalition government has assured no further hike in edible oil prices in the local market despite one of the two leading oil producing and exporting countries Indonesia has placed a temporary ban on exports of the commodity across the world. “The country is having enough stocks of the oil which is…
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Saudi Arabia may cut June crude prices | The Express Tribune
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[ad_1] SINGAPORE: Top oil exporter Saudi Arabia may cut prices for crude grades sold to Asia in June after benchmarks slumped from records in the previous month as Covid lockdowns curbed demand in China, the world’s biggest crude importer, traders said on Friday. Global markets were rattled last month by western sanctions on Russia, the…
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LPG sector seeks reduction in prices | The Express Tribune
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[ad_1] LAHORE: Liquefied petroleum gas (LPG), which is the fuel of the poor, is currently out of their reach, as its price has increased by around 173% in the last two years, lamented LPG Industries Association Chairman Irfan Khokhar. In a statement on Wednesday, the chairman sought the newly-formed government’s support in bringing down the…
