In the wake of a substantial reduction in the prices of petrol and diesel in October, reports suggest that the federal government is poised to implement another price decrease for oil on November 1. It has been anticipated that the price of petrol might witness a reduction in the range of Rs15-20, ...

The American President Joe Biden has arrived in the Middle East to assess the situation in Israel, where there has been a significant decrease in crude oil prices. Just yesterday, Brent crude oil was trading at $89.50 per barrel. Last week, concerns arose about potential conflict between Israel ...

Oil prices experienced a significant surge on Wednesday due to escalating tensions in the Middle East following a devastating explosion at a Gaza hospital, which raised concerns about potential disruptions in oil supply from the region. Brent crude futures saw a rise of $1.75, equivalent to 2%, ...

Following a surprise attack by Hamas on Israel during the weekend, causing heightened concerns about Middle East tensions, oil prices saw an increase, and both the US dollar and yen strengthened on Monday. This crisis has amplified worries about crude oil supplies from the region, particularly ...

There is a consistent sequence of increases in crude oil prices in the global market, leading to prices reaching their highest levels in recent years. According to a report by a global news agency, Brent crude oil has reached $93.59 per barrel with an increase of 32 cents, while US West ...

The rapidly increasing oil prices in the global market are raising strong concerns of inflation worldwide. The recent wave of inflation has engulfed the entire world, and there is a strong possibility of further increases, mainly due to the significant rise in oil prices at the global ...

Oil prices fell on Monday with Brent crude falling near its lowest level since January 4th, 2022. The world’s most traded commodity fell as low as $80.78 as concerns about the outlook for fuel demand added to the downward trend that initially spiked last week. It is currently on track to post a ...

NEW YORK – Oil prices witnessed a sharp increase in anxious trading on Monday as they reached to highest since 2008 as US and Europe are considering ban on Russian products following its military operation in Ukraine. Furthermore, the delay in talks for supply of Iranian oil in ...

The present government has provided maximum relief to the people in the prices of petroleum products despite the financial difficulties and the rise in international oil prices and even now Pakistan has lower oil prices than other countries in the region. According to sources in the Petroleum ...

ISLAMABAD – The Oil and Gas Regulatory Authority (OGRA) on Saturday once again proposed Rs16 per litre hike in petrol price from February 16. The regulator has sent a summary in this regard to the Ministry of Finance. The OGRA has proposed Rs14 per litre hike in the price high-speed ...