Prices of petroleum products likely to increase

Staff Report

ISLAMABAD: After an increase in the prices of oils, there is a chance of an increase in the prices of petroleum products from Rs. 1.50 to Rs. 3.50 from December 1, 2010.

According to OGRA sources, there is a chance of an increase in the price of high speed diesel by Rs. 2.50 and petroleum by Rs. 1.50. There may also be an increase in light diesel by Rs. 2, and kerosene oil and HOBC by Rs. 1.50 per liter. Trend Pk

Petroleum prices likely to rise

Staff Report

ISLAMABAD: The prices of petroleum products are expected to go up by Rs. 4 per liter from the coming month of November.

The hike will be announced in line with global oil prices increased by six to seven percent during October.

According to sources, prices of petrol, diesel, HOBC and jet fuel will increase by Rs. 4 per liter. SAMAA

Petroleum prices likely reduce

Staff Report

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) may decrease petroleum prices from October 1, SAMAA reported Wednesday.

A slight cut between 50 paisas to Rs.1 is expected in petroleum prices, sources said.

Prices of petroleum products are being revised in the wake of declining prices in international markets this month.

OGRA is likely to announce new tariffs on Thursday. SAMAA

Petroleum prices may rise by Sept 01

Staff Report

ISLAMABAD: Petroleum prices are likely to rise up to five percent by September o1, SAMAA learnt on Friday.

The prices of petroleum products have jumped in international markets up to two dollar this month.

According to sources, up to five percent hike in petroleum prices is expected to be announced on August 31. SAMAA

Petrol, diesel prices slashed

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Wednesday reduced the prices of petroleum products with immediate effect from July 1.

Excerpt from: 
Petrol, diesel prices slashed

Cut in PoL prices likely in July

ISLAMABAD: It has been anticipated that PoL prices will go down by one to four percent in month of July, resulting in cutting Rs.2 and Rs.3 from petrol and diesel prices respectively, Geo news reported.

Sources privy to Oil Marketing Companies told Geo news that price of petroleum products might be deflated by Rs.0.60 to Rs.3 in days to come.

Petroleum products price have gone down in international market, which may bring deflation here.

A summery requesting cut in PoL product prices will be finalized as late as June 30 by OGRA, sources said.

Gov Has Announced A Slight Decrease In The Prices Of Petroleum Products

Government has announced a slight decrease in the prices of petroleum products.

During a press conference, Senior Executive Director Finance OGRA Syed Jawad Naseem said petrol price has been decreased by 64 paisas per liter to Rs70.57 and the rate of HOBC slashed by 78 paisas to Rs86.06.
. The per litre price of High Speed Diesel cut down by Rs1.90 and Light Speed Diesel by Rs1.60 while kerosene oil slashed by 2.56. The new prices will take effect from the 1st of March (today).

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Gov Has Announced A Slight Decrease In The Prices Of Petroleum Products was first posted on March 1, 2010 at 12:52 pm.

Investment Choices Seen Tougher in 2010

NEW YORK:  Investment choices will become tougher in 2010, after the easy money reaped across most asset classes this year, as weak credit availability and a high jobless rate temper U.S. economic growth, said moneymanagers at the Reuters Investment Summit in New York.

Without a meaningful pick-up in bank lending, businesses will be hard-pressed to grow at rates typical of a post-recession environment, analysts said.”The concern we have is whether or not people have money to spend, ormoney to borrow,” said Max Darnell, chief investment officer of investment firm First Quadrant.Without improvedaccess to credit, a double-dip recession is possible, said Darnell, whose fund manages nearly $18 billion.Growth inreal gross domestic product in 2010 will likely be 3 percent or slightly higher, because the “velocity” of money, orbank lending, remains low, Bob Doll, vice chairman and chief investment officer of global equities at BlackRock Inc,the world’s largest investment firm, said.

Growth of 5 percent or slightly higher is more typical coming off a recession low.

Also clouding the investment climate, lingering high unemployment and sluggish wage growth are likely to keep a chillon consumer spending, which traditionally is the engine for U.S. growth.As the U.S. equity market enters a phasedriven by fundamental earnings growth, Doll said potential deflation trumps other worries.”We’re past the point wherethe market goes up faster than earnings. … The earnings phase is bumpier, and growth isn’t quite as good,” he said. Poll said the broad-based S&P 500 index could reach 1,200 to 1,300 points in 2010, against Tuesday’s close of 1,091points, helped by companies’ continued efforts to contain costs.The S&P 500 index is up about 64 percent from lowshit in March during the height of the recession and financial panic, as risk aversion has receded.

“We do see a significant amount of upside, but that’s without a whole lot of top-line growth. Corporate America hasshown through productivity and cost-cutting an amazing operating-leverage capability,” Doll said.The U.S. economyexpanded at a 2.8 percent annual rate in the third quarter, snapping four straight quarters of decline.But even afterthe unemployment rate declined unexpectedly in November and job losses were much smaller than expected, thereare concerns that the economy faces a bumpy road.Shawn Kravetz, president of Boston hedge fund EsplanadeCapital LLC, said the economy is not on a glide path higher given continued constraints on consumer spending.

“The consumer has had a stay of execution but there’s still a lot of hard labor yet to come,” he said.
FED ON HOLD FOR NOW

Most strategists agreed that with unemployment high and inflation low, the Federal Reserve would not raise interest rates from current rock-bottom levels, at least for the first half of 2010.Financial markets brought forward the likelytiming of a first Fed move after Friday’s dramatic November payrolls report, to the third quarter of 2010.But KennethVolpert, head of the taxable bond group at giant fund manager Vanguard Group, said the Fed could be on hold for allof 2010.

“We see fairly weak real final demand, which we think is going to lead to a jobless recovery for a prolonged period,”he said, adding that real jobs growth could be five years in the making.Doll said that although the U.S. was the bestpick for investors among the developed world, the higher savings rate and the absence of the “debt noose” madeemerging markets a more favorable investment story for now.”Thank goodness we’ve got the developing world.

Because otherwise, Planet Earth wouldn’t be growing much at all,” he said.

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Investment Choices Seen Tougher in 2010 was first posted on December 9, 2009 at 5:51 pm.

Sale of Petroleum Products Increases by 16 Percent

Sale of Petroleum Products Increases by 16 Percent, During the first five months of current fiscal year, sale of petroleum products reached to 84 lac ton with an increase of 16 percent.
According to data, from July to November, sale of furnace oil was increased by 16 percent and sale of petrol increased by 39 percent. Purchase of fuel for thermal power plants has been increased this year due to energy crisis. Petroleum products sale has been decreased by 13 percent on monthly bases while it has increased on annual bases.

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Sale of Petroleum Products Increases by 16 Percent was first posted on December 9, 2009 at 8:14 pm.