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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 ...
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]
Effective Monday, the price of petrol dropped by 40 Pakistani rupees to 283.38 rupees a litre, while high-speed diesel cost fell by 15 rupees to 303.18 a litre, as per the ministry.
Pakistan has experienced an economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. As of 1 January 2025 Pakistan inflation rate was 4.1% lowest in 6.75 years. The Russian invasion of Ukraine has caused fuel prices to rise worldwide. Excessive ...
(Bloomberg) -- Pakistan’s government increased local fuel prices from Friday to meet a key condition set by the International Monetary Fund for reviving its bailout program after talks with the ...
As USA Today reported, wholesale spot prices for gasoline sold by refineries and others in California fell by as much as $1.25 a gallon from recent highs and could drop even more, according to ...
California is ringing in 2024 with a gallon of regular gas priced almost 30 cents higher than it was this time last year. From California’s statewide average of $5.89 per gallon in September ...
According to the United States Energy Information Administration (EIA), Pakistan may have over 9 billion barrels (1.4 × 10 9 cubic metres) of petroleum oil and 105 trillion cubic feet (3.0 trillion cubic metres) in natural gas (including shale gas) reserves. [1] As per BP' Statistical Review of World Energy 2016, at the end of 2015 Pakistan ...