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The Inland Freight Equalization Margin (IFEM) is a regulatory measure implemented in Pakistan to equalize the price of petroleum products across different regions of the country. [ 1 ] [ 2 ] It includes the costs for refineries to transport crude oil from its source to their facilities, as well as the expenses for Oil Marketing Companies (OMCs ...
There are five main oil refineries in Pakistan with a combined capacity of approximately 450,000 barrels of crude oil per day (bpd), equivalent to 20 million tonnes per annum. [8] Cnergyico PK Limited is the largest oil refiner, with its oil refining complex in the Balochistan province able to refine up to 156,000 barrels per day of crude oil. [9]
The crude oil that is produced in Pakistan gets refined at home at five oil refineries which are Cnergyico Pk Limited, Pak-Arab Refinery Company Limited , Pakistan Refinery Limited, Attock Refinery Limited, and National Refinery Limited. [7] The combined processing capacity of these five refineries is roughly 420,000 barrels per day.
The Pakistani government is looking to tame inflation with fuel price cuts and a price-control mechanism, caretaker Prime Minister Anwaar ul Haq Kakar said on Monday. The South Asian country is ...
The Petroleum Division, part of Pakistan's Ministry of Energy, is tasked with ensuring a secure and sustainable supply of oil and gas to meet the country's economic and strategic needs. It also oversees the development of natural energy resources and minerals. [ 1 ]
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
Retail markup over crude oil and wholesale gasoline, 2014–2019 Oil, gas, and diesel prices RBOB Gasoline Prices. In 2008, a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices. [6]
Pages in category "Oil and gas companies of Pakistan" The following 13 pages are in this category, out of 13 total. ... Pakistan Petroleum; Pakistan State Oil; S.