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4-Traders Homepage  >  Equities  >  KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED, THE  >  Pakistan State Oil Company Limited    PSO   PK0022501016

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Pakistan State Oil : IGI Securities Limited - Investor Kit

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06/30/2016 | 08:19pm CEST

Oil and Gas

After crippling the power sector, the tentacles of infamous circular debt have appeared in the liquefied natural gas (LNG) sector due to some unsettled issues, mainly by public sector departments, although the government has come up with a solution lately to deal with all such issues under a newly formed Pak LNG Company. According to versions of various stakeholders, it is estimated that the LNG sector circular debt stands at Rs3.5 billion currently. Users of re-gasified liquefied natural gas (RLNG) owe over a billion to Pakistan State Oil (PSO), while Sui Northern Gas Pipelines Ltd (SNGPL) have to pay over Rs2.5 billion to CNG dealers alone. https://www.thenews.com.pk/print/131598-Circular-debt-creeps-up-on-LNG

OGRA yesterday recommended the government increase the prices of different petroleum products up to 19.39 percent, it is learnt reliably here. The Oil and Gas Regulatory Authority (OGRA) sent a summary to the petroleum and finance ministries suggesting Rs 1.93 per litre (3 percent) increase in the price of petrol for the month of July. It further proposed Rs 3.75 per litre (5.17pc) increase in the price of High Speed Diesel (HSD), Rs5.38 per litre (14.16pc) increase for Light Diesel Oil (LDO), Rs 8.62 (19.39 pc) for Kerosene price and Rs 3.53 (4.86pc) for High Octane Blended Oil (HOBC). http://nation.com.pk/national/30-Jun-2016/pol-prices-may-increase-up-to-19-percent

(c) 2016 Pakistan Press International (PPI). All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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