111 510 510 libonline@riphah.edu.pk Contact

Will low oil prices sustain?

New price of gasoline is 230.24 Rs/liter (7.44% decrease) and diesel’s is 236 Rs/L (14.66% decrease). Gasoline’s price has been reduced by 18.5 Rs/L and HSD’s by 40.54 Rs/L. Pakistan…

Oil prices – what to do? – I

Petroleum prices have been increased once again. New prices are: petrol Rs209.86 and High Speed Diesel (HSD) Rs204.15/L. It is a 40 percent increase in one month done in two…

Hungary holds up EU plan to ban Russian oil

The European Union’s hopes to quickly impose a ban on Russian oil imports could be dashed after Hungary demanded expensive guarantees for its own fuel supplies, diplomats say. “I am…

Furnace oil consumption

All of Pakistan's refineries could be forced to shut down if the problems related to the slow off-take of furnace fuel oil are not resolved on an urgent basis. The…

Saudi Arabia nabs new China oil demand

Saudi Arabia is set to expand its market share in China this year for the first time since 2012, with demand stirred up by new Chinese refiners pushing the kingdom…

Deregulating oil or price ceiling?

New and higher oil prices have been announced after fixing very low prices on 1st June. June prices were extraordinarily low in the company of 15 lowest price oil producing…