International oil prices faced a notable decline at the week's start, grappling with uncertainty in demand due to diminishing consumption in top oil consumers—the United States and China. The impact of these falling oil prices on petrol costs in Pakistan remains uncertain, pending the ...

If Israeli attacks on Gaza continue, the price of crude oil in the global market could exceed $150 per barrel. The World Bank has warned that if oil-producing central countries reduce supply, it could lead to a situation similar to the 1970s. The World Bank says that if Israeli attacks on Gaza ...

In Wednesday's trading, oil prices fell for the fourth consecutive day due to concerns over slowing European demand, outweighing worries about supply disruptions in the Middle East caused by the Israel-Hamas conflict in Gaza. Brent crude futures dropped by 0.3 per cent to $87.79 a barrel, while ...

News is emerging regarding Qatar's Amir Sheikh Tamim bin Hamad Al Thani, suggesting that he has issued a threat that if the bombing on Gaza is not stopped, he will cut off the world's gas supply. According to international sources, this statement has been circulating on social media, ...

The caretaker government has initiated preparations to impose an additional financial burden of Rs33 billion on electricity consumers, as there are expectations that the electricity tariff will rise by Rs1.83 due to fuel charge adjustment (FCA). The Central Power Purchasing Agency (CPPA) has ...

In the wake of IMF statement that the Fund has not been consulted on the fuel subsidy announced by the government, Minister of State for Petroleum Division Musadik Malik has clarified that the government is not giving fuel subsidy saying that it will increase the petrol prices for the rich and give ...

Amid the ongoing economic crisis, fuel shortage link hits the country’s most populous region Punjab as many petrol stations in different areas, especially in the provincial capital Lahore, run dry in wake of 'limited supply'. Hundreds from different cities complained that no fuel link available ...

During last week’s meeting of the Planning Commission, the topic of discussion was the introduction of a special fuel for motorcycles that would be affordable for low-income and lower-middle-class users. The issue of introducing a special fuel for motorcycles has been under consideration by ...

ISLAMABAD – Sharif-led federal government has decided to keep oil prices unchanged for next fortnight, Finance Minister Ishaq Dar announced late Tuesday. In a televised announcement from the Finance Division in the federal capital, the new finance chief said that he debated the summary sent by ...

WASHINGTON – White House reacted to Joe Biden’s comments about Pakistan’s nuclear assets as the issue stirred a diplomatic row between Islamabad and Washington amid already frosty ties. White House press secretary Karine Jean-Pierre said there was nothing new in Biden’s statement ...