An oil tanker is seen at the Jose refinery cargo terminal in Venezuela. — Reuters/FileAnalysts warn inventories could tighten, pushing prices higher.Nikkei eases, S&P futures down ahead of Nvidia results.Mounting inflation concerns keep bonds on back foot.Oil led gains on Monday…
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Centre seeks provincial share in targeted fuel subsidy amid price surge

A view of people standing in a queue for filling petrol outside a petrol pump in Rawalpindi on January 29, 2023. — OnlineGovt needs Rs300bn to provide targeted subsidy. Sufficient petroleum stocks available till May 10: ministry.Fuel prices to hover around $200 per barrel if…
Consumers deprived of relief as govt raises petroleum levy by up to Rs4.62

A representational image of a fuel machine at a refill station. — ReutersGovt hikes levy on petrol by Rs4.62 per litre and Re0.80 on HSD.Petroleum Levy on HOBC raised by Rs4.62 per litre.CSL of Rs2.50 per litre on petrol, HSD and HOBC continues.
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Fitch maintains Pakistan at ‘B-‘ under revised sovereign criteria

The offices of Fitch Ratings building in London, Britain, May 27, 2020. — ReutersFitch affirms Pakistan’s long-term instruments at ‘B-‘.Agency assigns ‘RR4’ recovery rating and removes UCO.Debt trajectory and external liquidity pressures remain key risks.<p…
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