Carbon surcharge on POL products suspended by Supreme Court
The Supreme Court on Tuesday suspended the operation of notification issued by the Oil and Gas Regulatory Authority (Ogra) on June 30/July 1 pertaining to imposition of 'carbon surcharge' on petroleum products. The court directed the Ogra to issue a fresh notification in compliance with the orders of the court more... (BR)
KESC privatisation: PC refuses public disclosure
The Privatisation Commission (PC) is reported to have refused to make public the deal to sell Karachi Electric Supply Corporation (KESC), with the argument that public disclosure may result in complications in future transactions, especially in the power sector, according to official documents available with Business Recorder more...
PSO buys 390,000 tonnes HSFO for July-September
Pakistan State Oil (PSO) has bought via tender 390,000 tonnes of high-sulphur fuel oil (HSFO) for July-September delivery from FAL Oil and Bakri, at premiums similar to previous deals, traders said on Tuesday. PSO has also purchased 100,000 tonnes of low-sulphur fuel oil (LSFO), and another optional 100,000 tonnes, from FAL, for July-September delivery, traders said more... (BR)