Oil prices edge higher after Russia-Ukraine tensions escalate
Oil prices edge higher after Russia-Ukraine tensions escalate

Oil prices rose slightly on Monday following an escalation in fighting between Russia and Ukraine over the weekend. However, gains were limited by concerns over weak fuel demand in China, the worlds second-largest oil consumer, and projections of a global oil surplus, reports Reuters. Brent...

Oil prices tumble after Israeli attacks spare Iran facilities
Oil prices tumble after Israeli attacks spare Iran facilities

Oil prices tumbled in early Asian trading on Monday with dealers relieved thatIsraeli strikes carried out on Saturday against military targets in Iran had spared the countrys oil installations, reports AFP. The price of North Sea Brent for delivery in December fell by 4.05 percent to $72.97,...

Import duty on sugar, eggs exempted, VAT on edible oil reduced
Import duty on sugar, eggs exempted, VAT on edible oil reduced

The National Board of Revenue (NBR) on Thursday issued a gazette notification exempting import duty on sugar and eggs, and import and local VAT on edible oil to increase supply and rein in the prices of these essential commodities. According to an NBR press release, the existing import duty on...