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Government increases petrol price by Rs5

ISLAMABAD: The federal government on Wednesday incr­eased the prices of diesel and petrol by Rs5 and Rs6.37 per litre, respectively, for the month of November. "The government has decided to absorb the substantial impact of increase in the prices of petroleum products and only partially pass on the increase to the consumers for the month of November. The decision has been taken to minimize the burden on the public at large," reads a statement issued by finance ministry. The statement says that the Oil and Gas…

Petroleum production increased by 12.98 percent- PBS report

ISLAMABAD: Increase in production of petroleum products is observed by 12.98 percent during the first ten months (July-April) of the current fiscal year as compared to the consistent period of the last year. According to the latest report of Pakistan Bureau of Statistics (PBS), the optimistic development is added by motor spirits, the output of which grew by 18.61 percent during the period under review while the production of jet fuel oil increased by 0.57 percent. READ MORE: Fund release for petroleum, natural resources…