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Ministry for Petroleum and Natural Resources

Fund release for petroleum, natural resources division & development projects- PSDP Report

ISLAMABAD:┬áThe government has released around Rs15,520.056 million for the Petroleum and Natural Resources Division under the Public Sector Development Programme (PSDP 2017-18) during the 11 months of the current fiscal year against the total allocation of Rs16049.928 million. According to the official data, Rs415.807 million have been released for acquisition of drilling related accessories for Geological Survey of Pakistan, Rs24.681 million for appraisal of newly discovered coal resources in Badin and adjoining areas of…

OGRA recommends hike in prices of petroleum products for Oct

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Friday in a summary recommended the government to increase the prices of Motor Gasoline (Petrol) by Rs2.36 per litre and High Speed Diesel (HSD) by Rs2.20 with effect from 1st October. The regulatory body has also recommended an increase of Rs19.33 per litre in Kerosene oil prices. In case the government approves the OGRA recommendation about the increase in prices of various petroleum products, petrol price will go up from 72.8 to Rs75.16 per liter and diesel…