Islamabad, December 22, 2023: The Oil and Gas Regulatory Authority (OGRA), in accordance with the Policy Guidelines of the Federal Government, has determined the Re-gasified Liquefied Natural Gas (RLNG) prices effective December 01, 2023, as under: 2. The RLNG price Notification for the month of December 2023 is readily available at OGRA website www.ogra.org.pk. 3. The increase in RLNG prices is…
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Sluggish economic activities, soaring product prices contribute to reduced demand KARACHI: Pakistan experienced a 13% decline in overall energy imports, reaching $1.42 billion in November 2023, shedding light on subdued demand for petroleum, oil, and gas products. Economic activities remained lacklustre due to sluggish growth, and the recent surge in product prices has hampered purchasing power across various sectors. The…
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Angola’s oil production is around 1.1 million bpd. LONDON: Oil prices fell by more than $1 a barrel on Thursday after Angola announced it is leaving the Organisation of the Petroleum Exporting Countries (OPEC). Brent crude futures were down $1.30, or 1.63%, to $78.40 a barrel by 1419 GMT, while US West Texas Intermediate crude was lower by $1.19, or…
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KARACHI: High gas prices appeared to have made textile exports uncompetitive on the world market resulting in an eight per cent month-on-month and 7pc year-on-year decline to $1.3 billion in November. In rupee terms, the country’s textile exports clocked in at Rs376bn, down by 7pc month-on-month but rose 19pc year-on-year owing to rupee depreciation against the dollar, said a note…
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LONDON: British Prime Minister Rishi Sunak on Thursday hailed a deal with the European Union to delay post-Brexit tariffs on electric vehicle sales that were due to kick in from January. It comes after the European Commission agreed earlier this month that it would back a one-off postponement until the end of 2026 of the planned 10 per cent tariffs,…
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