Atra Crown Energy (ACE Oil)’s Post

MS petrol and High-Speed Diesel (HSD) prices in Pakistan are expected to decrease next week due to a decline in international oil prices. The federal government plans to reduce the price of petrol by Rs. 4.5 per liter and diesel by Rs. 4 per liter on May 31, 2024. This will lower HSD prices to Rs. 270.08 per liter and MS rates to Rs. 268.6 per liter. Previously, on May 15, the government reduced petrol prices by Rs. 15.39 per liter and HSD prices by Rs. 7.88 per liter. Additionally, the government is considering imposing a carbon tax on petroleum products or raising the petroleum levy to Rs. 100 per liter in the upcoming budget, influenced by IMF recommendations for an integrated general sales tax (GST) to enhance documentation and digitization. Read more: www.brandsynario.com . . #Brandsynario #Pakistan #Budget #PetrolPrices

Alberta's merchandise exports in Q2 were up 15% on a year-over-year basis. A one fifth jump in the value of energy exports was the principal reason, as summarized in this note from ATB Economics. Increased crude oil transportation capacity thanks to the completion of the Trans Mountain pipeline expansion is a key factor behind the bump in energy exports.

Petrol Prices Expected to Increase in Pakistan from 16 December Petrol and diesel prices in Pakistan are expected to rise starting December 16 due to increasing international oil rates. US crude oil is now priced at $68.05 per barrel, while British Brent stands at $71.85 per barrel. The Oil and Gas Regulatory Authority (OGRA) has submitted recommendations for the price adjustment to the federal government, with an announcement expected on December 15. Last month, petrol and high-speed diesel prices were increased by Rs. 3.72 and Rs. 3.29 per liter, respectively. The new hike may impact transportation costs and inflation, further straining household budgets. #Dailymagazine #PetrolPrice #Pakistan #FuelPrices #December16 #PriceHike #PakistanNews #Economy #FuelIncrease #OilPrices

Petrol and Diesel Prices to Increase in Pakistan from January 16. Petrol and diesel prices in Pakistan are expected to increase from January 16, 2025, due to rising global oil prices. Reports suggest a hike of up to Rs3 per litre, driven by concerns over global supply disruptions and increased energy demand. Brent crude oil recently hit $77.32 per barrel, fueling price increases. Despite a stable exchange rate, fluctuations in international oil markets are pushing fuel prices higher. The Finance Division will finalize the decision, pending approval from Prime Minister Shehbaz Sharif and the Finance Minister. This rise will add strain to household budgets and transportation costs. #PetrolPriceHike #DieselPriceIncrease #PakistanFuelPrices #FuelPriceRise

The Department of Mineral Resources and Energy announces the adjustment of fuel prices based on current local and international factors with effect from the 4th of July 2024. South Africa’s fuel prices are adjusted monthly, informed by international and local factors. International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including importation costs, e.g., shipping costs. https://lnkd.in/d856Z-pz

The Department of Mineral Resources and Energy announces the adjustment of fuel prices based on current local and international factors with effect from the 4th of July 2024. South Africa’s fuel prices are adjusted monthly, informed by international and local factors. International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including importation costs, e.g., shipping costs. https://lnkd.in/dArsmqRp

The government has announced a price hike for petrol and diesel, adding further financial strain on the public amidst rising inflation. According to the latest notification, the price of petrol has been increased by Rs. 3.72 per liter, bringing the new price to Rs. 252.10 per liter. Similarly, the price of High-Speed Diesel has risen by Rs. 3.29 per liter, now priced at Rs. 258.43 per liter. This increase is attributed to higher global premium rates on petroleum products and increased import costs. The latest hike follows a similar adjustment made by the federal government on October 31, where petrol and diesel prices were also raised. #PetrolPriceHike #DieselPriceIncrease #InflationInPakistan #FuelPrice #PakistanEconomy

Petrol and diesel prices in Pakistan are expected to drop for the fourth time in a row starting September 15, potentially by Rs10 per litre. According to reports, international prices for petrol and high-speed diesel have fallen by about $5 per barrel in the last two weeks. Given the current exchange rate and tax conditions, this may result in a reduction of Rs10 to Rs11 per litre. However, there is talk that the government may increase the petroleum levy by Rs5 per litre to cover a Rs100 billion revenue shortfall reported by the Federal Board of Revenue (FBR) for the first two months of the fiscal year. If this happens, the price cut could be reduced to Rs5 to Rs6 per litre. #Pakistan #FuelPrices #Petrol #Diesel #Update #PriceDrop #FuelEconomy #PakistanNews #TaxUpdates #Petroleum #FBR #Cohortmax

Petrol prices in Pakistan are likely to go down further from November 1 amid decline in global oil prices, The fuel prices in the global market have decreased by $1.5 and $2.5 per barrel respectively in the last 15 days. Keeping in view the current exchange rate and current tax rates, the government is likely to provide relief to masses by reducing the prices of petrol and HSD by Rs3 and Rs2.30 per liter, respectively. In the global market, the price of petrol fell from $77.5 per barrel to $76 per barrel, while the price of HSD fell by $ 2.5 to $ 84 a barrel. Earlier on October 15, the price of diesel was increased by Rs5 whereas the price of petrol remained unchanged at Rs247.03 till the end of ongoing month. The prices of light diesel and Kerosene oil also remain unchanged. Earlier, it emerged that the federal government of Pakistan was also mulling to increase the profit margin for oil companies by Rs1.35, raising it to Rs9.22 per litre. For petrol dealers, the proposed increase was Rs1.40, bringing their margin to Rs10.04 per litre. #PetrolPrices #PakistanEconomy #FuelPrices #OilMarket #PriceReduction #GlobalOilPrices #EconomicRelief #HSD #DieselPrices #Gasoline #PetrolUpdate #ConsumerRelief #FuelSavings #GovernmentPolicy #MarketTrends #PakistanNews #OilIndustry #EconomicNews #CostOfLiving #FuelEconomics

📊Middle East export prices have risen, reflecting the overall bullish sentiment in the bitumen market. Stronger crude and fuel oil influenced bitumen prices in the Middle East. USD exchange rates also fell, which has supported bitumen prices. The East Asian region has remained firm, supported by strong demand from China and South Korea. The paving season in China has led to increased procurement, pushing prices higher. bitumen supply is balanced to tight across the region due to reduced production levels. this has contributed to price stability despite the volatility in the energy complex.📈 🔰would you like to know more about any specific aspect of the bitumen business? 📲WhatsApp: +971568134728 📧Email: Se.asia@emperador.ae 📲WeChat: TinaT_Nick #BitumenExport #BitumenPrice #MiddleEastBitumen #RoadConstruction #QualityBitumen #GlobalTrade #Infrastructure #PavingMaterials #Bitumen #trade #ConstructionMaterials #BitumenIndustry