In the latest daily review, petrol price dropped by Rs5.16 to Rs381.14 per litre, down from Rs386.30. Meanwhile, High-Speed Diesel (HSD) saw a decrease of Rs7.69 per litre, falling from Rs396.96 to Rs389.27. The new rates take effect on October 20. The price cuts reflect downward trends in global oil markets over the last seven days. Average refined petrol prices eased to USD 121.44 per barrel
Federal Minister for Energy (Petroleum Division) Ali Pervaiz Malik said Pakistan’s total gas sector circular debt, along with outstanding payables to indigenous gas and liquefied natural gas (LNG) suppliers, stood at Rs5.454 trillion as of June 30, 2026. In written replies to questions during Monday’s Question Hour in the National Assembly, the minister said the total circular debt stood at Rs3
Gold slipped in early Asian trade on Tuesday as investors awaited the US Federal Reserve policy decision next week for signals on interest rates and the broader outlook for monetary policy. Spot gold fell 0.3% to $4,126.84 per ounce by 0102 GMT, while US gold futures for December delivery dropped 0.3% to $4,146.00. Investor focus has shifted to the Fed’s October 27-28 policy meeting and n
Oil prices fell on Tuesday as markets weighed an executive order from US President Donald Trump that waived some sanctions and tariffs tied to Russian energy exports, while attacks on Saudi Arabia and Yemen kept fears of Middle East supply disruptions in view. Brent crude futures fell 49 cents, or 0.45%, to $109.06 a barrel by 0010 GMT. The US West Texas Intermediate crude (WTI) contract
Selling sentiment was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 350 points during the opening minutes of trading on Monday. At 9:45am, the benchmark index was hovering at 166,059.72, down 359.99 points or 0.22%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies