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Deregulating the oil sector — II

The two biggest risks are demand-supply manipulation, creating shortages and manipulate prices. Shortages can be countrywide by importing or procuring less or in inner locations. In OECD countries, there is…

Deregulating the oil sector – I

There has often been talk of deregulating the petroleum sector. There are pros and cons which have been hotly debated. In policy circles, the same debate or even preparations are…

Petroleum prices: an analysis

From August 1, the GoP (government of Pakistan) has reduced gasoline’s price by Rs 3.05 to Rs 227.19/litre. However, diesel’s price been increased by Rs 8.95/litre with the new price…

The LSM sector

The Khan administration has taken several fiscal and monetary measures during its less than eight month tenure, at an estimated cost of over 150 billion rupees to the treasury as…

Reforms in energy sector

The federal government has decided to set up Pakistan Petroleum Exploration and Production Authority as part of its plan to introduce reforms in the oil and gas sector. Presently, the…

Covid-19: Impact on oil sector

Recent key developments in Pakistan’s oil sector underscore that there is always a need for the country to maintain its strategic oil reserves. Shortages of the commodity became evident when…

Life support for Pakistan’s oil sector

The large drop in business activity following the enforcement of strict lockdown and travel restrictions is threatening to push Pakistan into a recession. Poverty and unemployment levels are expected to…

Oil sector

In end May 2020, the federal government announced a big reduction in the price of petrol by Rs 7.06 per litre for the month of June in line with a…

Pakistan’s fuel sector

The government has decided to upgrade the standard of petrol sold in Pakistan from Euro-II to a higher quality Euro-V. All oil marketing companies (OMCs) operating in the country have…

Energy sector

There were times when our energy sector was rated in the region as one of the best performing and forward looking sectors. It was a great blend of well-performing entities of…