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Articles for tag: Cnergyico, deal, Diesel, move, Petrol, plant, upgrade

March 10, 2024

News Desk

Cnergyico will likely move forward with a deal to upgrade the plant soon

KARACHI: Cnergyico PK, formerly known as Byco Petroleum, Pakistan’s largest oil refiner, has announced that it may soon sign a “definitive agreement” with the government to upgrade both of its refineries under Pakistan’s revised oil refining policy to upgrade of existing/ Brownfield Refineries, 2023. Speaking to The Express Tribune, an official involved in the refinery upgrade process said “Cnergyico is yet to sign the final agreement…but expects to sign the agreement soon with the government.” “The company is ready … to do everything to upgrade its factories,” he said. The upgrade will enable the refinery to significantly reduce the production

February 15, 2024

News Desk

An increase in gasoline and diesel prices is expected tomorrow

A gas station attendant fills the tank of a motorcycle at a petrol pump in Rawalpindi on October 10, 2024. — Online Without exchange adjustment, petrol price may increase by Rs 1.97. Diesel price without exchange adjustment may increase by Rs 9.20. Officials say the Houthis’ restriction of oil tankers is due to the hike. Islamabad: Petrol and high speed diesel prices are expected to increase tomorrow (February 16) for the next fortnight following the revaluation of the exchange rate, The news reported on Thursday. According to official sources, the main increase in fuel prices comes in the wake of

February 13, 2024

News Desk

Diesel price may increase by Rs 8 per litre

Islamabad: After raising the price of petrol by Rs 13.55 per liter to Rs 272.89 from February 1, the caretaker government looks set to increase the rate of high-speed diesel (HSD) by Rs 8 per liter with effect from February 16 . Petrol price may also see a marginal increase of 80 paise per litre. According to calculations, the price of HSD will be increased due to the fluctuation of global oil prices. The price of diesel may increase from Rs 278.96 per liter to Rs 286.97 per liter in case the caretaker government hikes its price, depending on the

January 25, 2024

News Desk

Petrol and diesel are likely to see a sharp hike in the next revision on January 31

The expected increase is due to a rise in international oil prices amid escalating tensions in the Middle East, officials say A worker at a gas station fills the gas tank of a motorcycle. — AFP/File Petrol and HSD are expected to increase by Rs 7 per liter each on January 31, 2024. Domestic prices have fallen several times in the past three months. Expected jump based on global prices of HSD, petrol and crude oil. ISLAMABAD: After the continuous relief in fuel prices, the caretaker government is likely to increase the prices of petrol and high speed diesel (HSD)

December 31, 2023

News Desk

The government is keeping petrol and diesel prices unchanged for a fortnight

Islamabad: In a move that reflects the economic stability envisioned by the caretaker government, diesel and petrol prices will remain unchanged for the fortnight beginning January 1, 2024. This decision is in line with the recommendations of the Oil and Gas Regulatory Authority (OGRA), which provides a sense of consistency in fuel costs for consumers. According to a notification issued by the Finance Department on Sunday, the prices of petrol and high-speed diesel (HSD) will be maintained at Rs 267.34 and Rs 276.21 per litre, respectively. This measure is intended to mitigate potential financial burdens on consumers and to maintain

December 22, 2023

News Desk

Vin Diesel is facing a 2010 sexual assault claim from a former assistant

LOS ANGELES: Action star Vin Diesel has been accused of sexually assaulting his assistant in an Atlanta hotel room a decade ago, according to a lawsuit filed Thursday. The lawsuit is the latest claim filed in California courts, which has extended the amount of time in which legal action can be taken in cases of alleged sex crimes. Asta Jonasson said her first assignment after being hired by the Fast and Furious star’s company was to travel to Atlanta in September 2010 during the filming of Fast Five. There, she was tasked with helping Diesel leave a hotel in the

October 31, 2023

News Desk

Day after ‘gas bomb’ dropped, government decides not to hike petrol and diesel prices

A petrol station worker fills petrol on a motorbike at a petrol pump in Karachi on September 1, 2023. — PPI Prices will remain in effect until November 15th. HSD will be available at Rs 303.18 per litre. The price of kerosene and light diesel oil decreased. ISLAMABAD: Providing relief to the inflation-hit a day after dropping a ‘gas bomb’, the caretaker government on Tuesday kept the price of petrol at Rs 283.38 per litre. According to a finance ministry release, the price of petrol is Rs 283.38 per liter and Rs 303.18 per liter for HSD. Prices will remain

July 21, 2022

The Pakistan Daily

Country has sufficient stock of diesel, furnace oil, motor gasoline for two months: Miftah Ismail

Finance Minister Miftah Ismail has said the country has sufficient stock of diesel, furnace oil, and motor gasoline for two months. Briefing media in Islamabad on Thursday, along with Defence Minister Khawaja Muhammad Asif after the federal cabinet meeting, he said in view of the availability of this stock, there is no need to import these commodities, which will reduce pressure on Pakistani rupee. He said dollar prices are now coming under control since the government has announced that it will complete its tenure. He said the nation will see dividends of this thing from next week. The Finance Minister

July 12, 2022

The Pakistan Daily

PM will announce huge relief for masses today, says Maryam Nawaz

JHANG: Pakistan Muslim League-Nawaz (PML-N) vice president Maryam Nawaz said on Tuesday that Prime Minister Shehbaz Sharif will announce to reduce petrol and diesel prices in the next two days. Addressing the PML-N election rally in Athara Hazari, she said that the people of Jhang had won her heart by showering their love. “Everyone knows why Shehbaz Sharif had to take difficult decisions,” she said and added the prices had to be increased due to an agreement with the International Monetary Fund (IMF). The PML-N vice president claimed that difficult decisions have been made and now good news will come

March 11, 2022

Raja Furqan Ahmed

PM Khan says COAS General Bajwa asked him not to call Fazlur Rehman ‘Diesel’

LOWER DIR: Prime Minister Imran Khan on Friday said that Chief of Army Staff (COAS) General Qamar Javed Bajwa has asked him to not call JUI-F chief Maulana Fazlur Rehman “diesel”. According to the details, the prime minister was addressing a public gathering in Lower Dir where Foreign Minister Shah Mahmood Qureshi and Chief Minister Mahmood Khan also spoke. The premier told General Bajwa that he is not calling Fazl “diesel” but it was the public that has given the PDM chief this name.

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