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Petrol price reaches Rs 68.4 per litre after Rs 1.77 hike

Petrol price reaches Rs 68.4 per litre after Rs 1.77 hike

Petrol prices are up by Rs 1.77 per litre anHigh-Speeded Diesel by Rs2 per litre, Ishaq Dar Ministry of Finance has announced hike in petrol prices by Rs 1.77 per litre and High Speed Diesel (HSD) by Rs2 per litre, for the next fortnight. Finance Minister Ishaq Dar briefed a news conference in Islamabad. He said that the prices of ... Read More »

Shell to cut 10000 jobs as profit plunge by 80 per cent

Royal Dutch Shell has confirmed it is cutting 10,000 jobs amid its steepest fall in annual profits for 13 years. Royal Dutch Shell became the latest big energy company to file a damage report on the impact of depressed oil prices on Thursday, saying that its adjusted profit fell 56 percent in the fourth quarter of 2015 compared to a ... Read More »

Oil dives below $33 — the lowest price in 11 years

Oil workers in Nasiriyah, Iraq, which has ramped up output recently. Photograph: AFP/Getty

Oil prices hit their lowest in over 11 years on Wednesday, as the row between Saudi Arabia and Iran was seen making any cooperation between major exporters to cut output even more unlikely. Evidence of slowing economic growth in China and India has fueled fears that even strong demand elsewhere may not be enough to mop up the excess crude ... Read More »

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