Petrol falls Rs3 to Rs335 and diesel Rs7 to Rs364 from Thursday
Petrol will cost Rs335 a litre and diesel Rs364 from Thursday after a Rs3 and Rs7 cut. We compare the new rates with the April peak and the pre-war price.
Energy
The latest Energy news, reporting and analysis from The Indus Compass.
Pakistan asks Qatar for cheaper LNG and extra winter cargoes
Pakistan has invoked price-review clauses in its two Qatar LNG contracts and sent a team to Doha to seek extra December and January cargoes, The News reported.
JI and government agree 'basic outlines' of petroleum levy relief deal
After a 10th round, Jamaat-i-Islami says it and the government agreed basic outlines of a petroleum levy relief deal, with a PM-Hafiz Naeem meeting next.
PTI to challenge soaring LPG prices in the Islamabad High Court
PTI says it will go to the Islamabad High Court over LPG sold at Rs600 to Rs800 a kilo against Ogra's Rs294 rate, and wants a forensic audit of the chain.
LPG auction rules: 90% sold openly, 10% kept for remote areas
Pakistan's LPG auction committee set rules: 90% of local output sold openly, 10% kept for remote areas, and a 20-tonne daily cap per company.
Turkish seismic vessel due in Karachi to restart offshore exploration
A Turkish seismic vessel will reach Karachi between November 17 and 20 to begin offshore oil and gas exploration, the first such effort in nearly two decades.
Petrol cut by Rs3.4 and diesel by Rs7.76 for November 3
Petrol falls Rs3.4 to Rs374.51 and diesel Rs7.76 to Rs395.20 for November 3, as the government says refineries will absorb Rs15bn a month to hold prices down.
Govt revises petrol pricing formula to cut refinery premiums for 30 days
The cabinet changed how petrol is priced: import prices will follow actual PSO cargo costs and refinery premiums freeze at March 7 levels for 30 days.
Brent near $117 as tanker is hit in Hormuz, oil set for fourth monthly gain
Brent rose to about $117, set for a 13pc monthly gain, after a tanker in the Strait of Hormuz was hit by explosives; traders fear escalation after the midterms.
Pakistan and Qatar near revised LNG deal at 11.96pc of Brent
PSO sources say QatarEnergy's final offer prices LNG at 11.96pc of Brent for both contracts, with 66 cargoes a year; PSO wants cabinet approval by Nov 3.
Oil prices fall as US-Iran peace efforts ease supply fears
Brent fell on hopes of a US-Iran settlement and talks in Tehran, but Houthi attacks on Saudi Arabia kept crude near six-month highs, Reuters reports.
LPG hits Rs750 a kg in northern KP as OGRA delays crackdown
LPG is selling at up to Rs750 a kilogram in northern KP against an official Rs279.34, while OGRA holds back a crackdown for fear of supply strikes.
Petrol cut by Rs2.71 a litre, diesel up 31 paisas for Thursday
The government cut petrol by Rs2.71 to Rs379.31 a litre and raised high-speed diesel by 31 paisas to Rs390.11 for October 22 under daily pricing.