Petrol price cut by 50 paise, HSD’s by 19 paise
ISLAMABAD: Despite reduction in international oil prices, the Petroleum Division and the Oil and Gas Regulatory Authority (Ogra) on Thursday announced a marginal reduction in domestic fuel
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Desk Analysis
How This Affects the Exchange
Sector Effect
Negative · Do not buy
Cautious read for Oil & Gas — price/volume reaction may stay soft near-term.
Sectors & Direction
Desk read
Desk call: Do not buy · Negatively affected
- Oil & GasNegatively affected
Companies
Mentions in This Briefing
Sectors: Oil & Gas — Negative · Do not buy. PSX tickers: OGDC, PPL, MARI, PSO, SNGP, ATRL. Cautious read for Oil & Gas — price/volume reaction may stay soft near-term.
Full Story
Open on Business RecorderISLAMABAD: Despite reduction in international oil prices, the Petroleum Division and the Oil and Gas Regulatory Authority (Ogra) on Thursday announced a marginal reduction in domestic fuel prices for August 28.
Ex-depot price of petrol has been reduced by 50 paise per litre. Meanwhile, the rate of high-speed diesel (HSD) has also been cut by 19 paise per litre.
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Source: Business Recorder — https://www.brecorder.com/news/40436807/petrol-price-cut-by-50-paise-hsds-by-19-paise