The Petroleum Division has announced back to back upward revision in ex-depot fuel prices, effective from August 19. The rate of petrol has been increased by Rs3.34 per litre, rising from Rs331.20 to Rs334.54 per litre. Meanwhile, the High-Speed Diesel (HSD) has also been increased by Rs5.27 per litre, rising from Rs390.42 to Rs395.69 per litre. On August 18, petrol price increased by Rs5.77 pe
Gold prices edged higher in early Asian trade on Wednesday as US Treasury yields eased from recent highs, while market participants awaited the release of the Federal Reserve’s meeting minutes. Spot gold was up 0.2% at $4,342.33 per ounce, as of 0030 GMT after falling nearly 2% on Tuesday. Meanwhile, US gold futures for December delivery edged 0.6% lower to $4,396.30. US yields backed off
Oil prices ticked higher in early trade on Wednesday, climbing for a fourth straight day on supply uncertainty as investors weighed conflicting messages from Tehran and Washington on whether the Strait of Hormuz is open to ships. Brent crude futures climbed 26 cents, or 0.29%, to $91.28 by 0004 GMT, while US West Texas Intermediate crude futures were up 37 cents to $85.31 a barrel. Both co
The Pakistan Stock Exchange (PSX) closed Monday's session marginally higher, with the benchmark KSE-100 Index gaining nearly 398 points as strong buying in oil & gas marketing, exploration and refinery stocks offset losses in banks, cement and fertilizer sectors. Market sentiment remained supported by renewed interest in energy stocks as oil prices held firm amid concerns over potential supply
Pakistan’s largest refiner Cnergyico is increasing purchases of U.S. crude as the disruption around the Strait of Hormuz prompts Islamabad to diversify oil supplies and reduce reliance on Gulf shipping routes. The refiner imported around 8.1 million barrels of U.S. crude over the past nine months, including 7.1 million barrels valued at nearly $750m during the fiscal year ended June, according