KARACHI: Pakistan’s overall oil sales recorded a sharp decline in November, slipping 10 per cent year-on-year and 5 per cent month-on-month to 1.418 million tonnes. The drop reflects weakened consumer demand and price pressures across key fuel categories. Read More: Pakistan fuel oil exports hit record 1.4M tons in 2025 However, cumulative sales for the first five […]
furnace oil
Govt cites higher fuel cost due to furnace oil use in October
ISLAMABAD: The government on Thursday explained that furnace oil-based power plants operated at Rs33 per unit fuel cost in October, higher than Rs21 per unit from LNG-based plants, due to lower LNG allocation. Officials clarified that this decision was taken in “good faith” to ensure uninterrupted power supply, despite the availability of cheaper LNG-based options. […]
Petrol likely to drop 2 PKR, Diesel may rise 9.5 PKR per liter
ISLAMABAD – Petrol prices are expected to decrease by about 2 rupees per liter, while high-speed diesel (HSD) may rise by 9.5 rupees per liter over the next 15 days, according to market sources. The change comes amid minor fluctuations in international oil markets. Since June 1, net prices of petrol and diesel have risen […]
Pakistan introduces carbon levy on petroleum products
The government has announced a carbon levy of Rs. 2.5 per liter on petrol, diesel, and furnace oil in the new budget. Finance Minister Muhammad Aurangzeb presented this policy during the 2025-26 budget speech in the National Assembly. He explained that the levy aims to discourage fossil fuel usage and promote environment-friendly energy solutions. The […]
Oil Sales increase by 14 percent YoY in May
Sales’ volumes of oil marketing companies (OMC) continued on a growth trajectory with an increase of 14 percent YoY for May’21 due to a strong rebound post COVID-19 related economic slowdown at 1.7 million tons, while sequentially, volumes grew by 1 percent MoM despite extended Eid holidays during May’21. Shahrukh Saleem, a senior analyst at […]