Web
Analytics
The news is by your side.

prices

LHC issues notices on petition against hike in medicine prices

LAHORE: The Lahore High Court (LHC) on Friday issued notices to the federal and the provincial governments and Drug Regulatory Authority of Pakistan (DRAP) on a petition challenging the recent hike in prices of medicines, ARY News reported. A high court bench conducted preliminary hearing of the petition filed by Nadeem Sarwar and directed the respondents to submit their replies on the next hearing. The petitioner dubbing the hike in prices of medicines as illegal said that no new formula had been determined for…

Netflix raises prices for U.S. subscribers

Netflix Inc (NFLX.O) is raising monthly fees for its U.S. subscribers by between 13 percent and 18 percent, the video streaming pioneer’s first price increase since 2017 as it spends heavily on original content and international expansion. Prices for its popular standard plan, which allows streaming on two devices at the same time, will be increased to $12.99 per month from $10.99, the company said in a statement. Netflix shares rose 6.5 percent to $354.56 in afternoon trading, adding to their 30 percent rise so far…

OGRA seeks revision of POL products prices for Dec

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Petroleum Division seeking revision of prices of petroleum products for the month of December. “OGRA has forwarded a summary to the Ministry of Energy Petroleum Division two days ago to revise the POL products’ prices for the next month,” state-owned wire service reported citing official sources. The regulatory body, however, didn’t disclose details about proposed prices. The finance ministry will finalize the summary on November 30,…

Oil prices slip on concerns of looming oversupply, economic downturn

SINGAPORE: Oil prices slipped on Thursday, weighed down by rising supply going into a market in which consumption is expected to slow down amid a glum economic outlook. Front-month Brent crude oil futures were trading at $65.88 per barrel at 0441 GMT, down 24 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $55.96 a barrel, down 29 cents, or 0.5 percent. Since early October, oil prices have lost around a quarter of their value as supply soars just as demand is…

India cuts fuel tax, refinery prices to ease pain of rising crude, weak rupee

NEW DELHI: India is cutting prices of petrol and diesel by 2.50 rupees ($0.03) a litre, Finance Minister Arun Jaitley said on Thursday, the government’s latest step to tackle the impact of a sharp rise in crude oil prices and a weak local currency. The cut includes a reduction in excise duty of 1.50 rupees per litre, which will reduce government revenue by 105 billion rupees, Jaitley said. State-run refiners will also cut the price they charge by 1 rupee per litre. Jaitley also asked state governments to cut value…