Pakistan Petroleum Limited (Company) has made a gas & condensate discovery from exploration well Jhim East X-1, in Block 2467-16 (Shah Bandar), located in District Sujawal, Sindh Province. This is…

APL has demonstrated consistent progress in terms of expanding retail presence, averaging 31 new outlets annually since FY16, alongside expanding and revamping product storage facilities at a similar pace. ·         APL…

Provincial Minister for Revenue, Industries, and Commerce Muhammad Younus Dagha has said that worldwide gas tariff for industries is subsidized. At the same time, residential consumers are subjected to higher…

The management of Pakistan Petroleum Limited held a Corporate Briefing session on 15th Nov'23 to discuss the FY23 financial result and future outlook of the company. Highlights To recall, the…

· Management stated that LC and payment issues were prevalent throughout the year. Additionally, company encountered challenges related to non-upliftment of the RFO largely during winter periods. To address this,…

§   After much deliberation, OGRA notified the gas tariff for consumers which is effected from 01 Nov 2023. §   To recall, the Economic Coordination Committee approved the much-awaited gas tariff hike on 23rd Oct. In…

Pakistan OMC's recorded sales of 1.3mn tons, up 19% MoM and Ex-Furnace Oil (FO) sales up 24% MoM in Oct-2023. The MoM jump in sales is due to low base…

Shell Petroleum Company Limited, a subsidiary of Shell plc (Shell), has agreed to sell its 77.42% majority interest in Shell Pakistan Limited (SPL) to Wafi Energy LLC. The sale is…

National Refinery Limited (NRL) conducted its analyst briefing today to present investors with updates on their FY23 results and offer insights into the future outlook:  More recently, the company, along…

Pakistan State Oil (PSO), the national energy icon, has showcased its unwavering determination and resilience by achieving remarkable milestones in the first quarter of the financial year 2023-2024. In this…

Pakistan State Oil Company Limited (PSO) announced its financial result for 1QFY24 whereby the company posted a profit after tax (PAT) of PKR 21.9bn (EPS: PKR 46.62) compared to profit…

Pakistan State Oil (PSO) is expected to announce its 1QFY24 financial result on 20th October, where we expect the company to post PAT of PkR18.3bn (EPS: PkR39.0), higher by 14.0xYoY…

The Board of Directors of Shell Pakistan Limited (SPL) announced nine months' results for the company on October 18th, 2023. The company successfully delivered a profit after tax of PKR…

Pakistan recorded monthly OMC sales of 1.06mn tons, down significantly by 31% YoY and 25% MoM in Sep 2023, the lowest level since COVID lockdown in March 2020. This decline…

As per the latest financial result announcement, Pakistan Petroleum Limited (PPL) posted a profit after tax of PKR 97,937mn (EPS: PKR 35.99) during FY23 compared to PKR 53,546mn (EPS: PKR…

As per the latest available data from PPIS, the country's oil reserves stand at 193mn bbl in Jun'23 compared to 233mn bbl in Jun'22, a decline of 17% YoY (which…

Total sales of petroleum clocked in at 1.41mn tons in Aug'23, declining by 8% YoY, which is mainly on account of 64% YoY fall in FO sales given lower reliance…

Attock Petroleum Limited (APL) announced the financial result for FY23, whereby the company has posted a profit after tax (PAT) of PKR 12,461mn (EPS: PKR 100.15) against PKR 18,536mn (EPS:…

The nation's leading energy company, PSO has achieved remarkable progress and demonstrated resilience in a challenging energy market. During a meeting held at PSO House on August 23, 2023, the…

Pakistan State Oil Company Limited (PSO) announced its financial result for FY23 posting a profit after tax (PAT) of PKR 5.7bn (EPS: PKR 12.06), down by 93% YoY. On a…

The Board of Directors of Shell Pakistan Limited (SPL) announced half year results for the company on August 16th. The company posted a profit after tax of PKR 3.5 billion…

Mari Petroleum Company Limited (MARI) reported its 4QFY23 earnings earlier today, wherein the company posted Profit After Tax (PAT) of PkR 15.84bn (EPS: PkR118.7) for the quarter, changing by –4%/183%…

Petroleum sales declined by 6% YoY to 1.35mn MT in Jul'23 with the decline largely attributable to a plunge in FO volumes by 59% YoY due to lower offtake by…

Mr. Irfan Iqbal Sheikh, President FPCCI, has strongly condemned the massive hike in petroleum products, i.e. petrol by PKR. 19.95 per liter to make it 272.95 & high speed diesel…

Total sales of petroleum settled at 1.34mn tons in Jun'23, declining by 31% YoY which is mainly on account of i) higher petroleum prices, ii) economic slowdown, iii) jump in…