Islamabad [Pakistan], April 19 (ANI): The capping of oil prices, amounting to a subsidy of 150 billion Pakistani rupees per month, by the Imran Khan government towards the end of its tenure has become a major concern for the present government that sees it as a trap to sabotage the Shehbaz S
Islamabad [Pakistan], April 17 (ANI): Amid a declining economy, Pakistan's oil and eatable import bills surged by 59.98 per cent to USD 21.87 billion in the July-March period, local media reported.
Islamabad [Pakistan], April 12 (ANI): The new Prime Minister of Pakistan is under tremendous pressure due to surging oil prices caused by the Russia-Ukraine conflict and is haunted by the circular debt crisis.
New York [US], April 8 (ANI/Sputnik): Oil prices fell for a third straight day on Thursday after the European Union paused on an immediate ban of Russian coal and other energy imports, providing itself some breathing room amid the global energy crisis.
Hyderabad (Telangana) [India], April 7 (ANI): In an open letter to the Central government, Telangana Minister KT Rama Rao has hit out at the rising fuel prices, accusing the Centre of acting as a "middleman" in buying the crude oil cheaply in the international market and selling at higher pr
Washington [US], April 7 (ANI/Sputnik): US crude oil inventories rose last week for the first time in three weeks while stockpiles of distillates, which provide the diesel for trucks, buses and trains and fuel for jets, climbed a second week in a row, data from the Energy Information Adminis
New York [US], April 5 (ANI/Sputnik): Oil prices jumped as much as 4%, returning US crude to above $100 per barrel, as more Western sanctions planned for Russia along with news of a hike in Saudi selling prices helped the market rebound from last week's worst sell-off in two years.
Washington [US], April 1 (ANI): The United States has been in touch with several countries including India on the release of strategic reserves as President Joe Biden announced to release 1 million barrels of oil per day from the nation's strategic petroleum reserve for the next six month
Washington [US], April 1 (ANI): In order to keep oil prices under control, US President Joe Biden on Thursday (local time) announced to release of one million barrels of oil per day from the country's strategic petroleum reserve for the next six months.
New Delhi [India], March 30 (ANI): In order to improve the domestic availability and keep prices of edible oils under control, the Government of India has extended the "free imports" of refined palm oils till December 2022, Union Minister of State for Consumer Affairs, Food and Public Distri
Mumbai (Maharashtra) [India], March 29 (ANI): The Indian equities markets benchmark Sensex rose 164 points on Tuesday, as a nearly 8 per cent drop in Brent Crude oil prices boosted investors' sentiments.
New Delhi [India], March 26 (ANI): Retail price of petrol and diesel has been increased by Rs 3.2 per litre in the last five days. Prices are set to be raised further given the sharp jump in crude oil prices in the international markets. It will have a cascading impact on the prices of ot