Attock Refinery Limited (PSX: ATRL) has reported a remarkable financial performance for the third quarter of FY26, posting its second-highest profit in history. The refinery recorded a net profit of Rs. 11.345 billion, reflecting a massive jump compared to Rs. 1.703 billion in the same period last year. This translates into a sharp 6.7 times […]
Pakistan’s fuel retail sector is facing mounting financial strain as petrol pump owners and oil marketing companies (OMCs) push for a massive Rs. 82.5 billion compensation package from the government. The demand comes in response to rising global oil prices and supply disruptions triggered by escalating tensions in the Middle East. The issue was formally […]
Fuel prices in Pakistan have surged once again after the government increased petrol and diesel rates by Rs. 26.77 per litre, a move largely driven by higher taxation measures aimed at meeting fiscal targets under the International Monetary Fund programme. According to the latest revision, petrol prices have climbed to Rs. 393.35 per litre from […]
The government of Pakistan has introduced a new digital initiative aimed at providing fuel relief to motorcycle owners through the Pakistan Asaan Khidmat app. This move is part of a broader effort to make subsidies more accessible, transparent, and efficient for everyday commuters. With rising fuel costs impacting millions of citizens, especially daily wage earners […]
Sri Lanka is once again navigating a fragile economic situation as global energy disruptions and the aftermath of a devastating cyclone strain its recovery efforts. The country, still recovering from its 2022 financial collapse, is now facing renewed pressure that is testing both public resilience and government policy. President Anura Kumara Dissanayake has introduced a […]
The federal government has stepped up oversight of petroleum reserves to ensure uninterrupted fuel availability across Pakistan, as regional developments continue to impact global energy markets. Authorities say the move is aimed at preventing any potential supply disruptions and maintaining price stability for consumers. A key meeting of the committee formed by Prime Minister Shehbaz […]
The Government of Pakistan has announced a substantial reduction in the price of high-speed diesel, offering notable relief to consumers amid ongoing fluctuations in global oil markets. According to the official notification, the price of diesel has been cut by Rs. 14 per liter for the next fortnight, with the revised rates taking effect from […]
