Home Budget Live TV Pakistan World Sports Business Showbiz Shows Videos Technology Discover Pakistan Health Crime Fake News Weird

Petroleum Prices

Govt to review global fuel price indicators this week: Petroleum minister

Petroleum Minister Ali Pervaiz Malik said global petrol and diesel price trends will be reviewed this week to ensure maximum consumer relief.

Govt to review global fuel price indicators this week: Petroleum minister
Govt raises petroleum levy on petrol, diesel

Govt raises petroleum levy on petrol, diesel

Transport fares cut by up to 18pc after fuel price reduction

Transport fares cut by up to 18pc after fuel price reduction

Govt ends fuel subsidy scheme for motorcyclists, public transporters

Govt ends fuel subsidy scheme for motorcyclists, public transporters

Govt revises petroleum levy on petrol and diesel

Govt revises petroleum levy on petrol and diesel

Transport fares slashed after fuel price cut, new rates announced across cities

Transport fares slashed after fuel price cut, new rates announced across cities

Pakistan slashes petrol price by Rs74, diesel by Rs67 per litre

Pakistan slashes petrol price by Rs74, diesel by Rs67 per litre

Pakistan brokers Iran-US ceasefire as energy prices set for immediate relief

Pakistan brokers Iran-US ceasefire as energy prices set for immediate relief

Govt slashes petrol price by Rs4, diesel Rs2 per litre

Govt slashes petrol price by Rs4, diesel Rs2 per litre

Kerosene price raised despite petrol cut

Kerosene price raised despite petrol cut

Pakistan cuts petrol price by Rs4 per litre

Pakistan cuts petrol price by Rs4 per litre

Government slashes jet fuel, light diesel prices in major relief move

Government slashes jet fuel, light diesel prices in major relief move

Petrol, diesel prices likely to decline amid global market trend

Petrol, diesel prices likely to decline amid global market trend

Govt cuts petrol price by Rs6, diesel Rs6.80 per litre

Govt cuts petrol price by Rs6, diesel Rs6.80 per litre

Hafiz Naeem slams petroleum levy

Hafiz Naeem slams petroleum levy

Government may cut jet fuel prices sharply

Government may cut jet fuel prices sharply

Govt reduces petrol, diesel prices by Rs5 for next week

Govt reduces petrol, diesel prices by Rs5 for next week

Government raises petroleum levy on petrol, diesel

Government raises petroleum levy on petrol, diesel

Fuel shock in Pakistan as petrol, diesel hit Rs414 per litre

Fuel shock in Pakistan as petrol, diesel hit Rs414 per litre

How much tax on petrol, diesel per litre? details emerge

How much tax on petrol, diesel per litre? details emerge

Govt announces reduction in jet fuel, kerosene prices

Govt announces reduction in jet fuel, kerosene prices

Petrol levy reduced, Rs28 per litre petroleum levy imposed on diesel

Petrol levy reduced, Rs28 per litre petroleum levy imposed on diesel

Goods transport body announces 5pc raise in fares after fuel price hike

Goods transport body announces 5pc raise in fares after fuel price hike

Pakistan raises petrol by Rs6.51, diesel by Rs19.39 per litre for one week

Pakistan raises petrol by Rs6.51, diesel by Rs19.39 per litre for one week

APPPOA denies petrol pump strike rumours

APPPOA denies petrol pump strike rumours

Govt hikes petrol, diesel prices by Rs26.77 per litre

Govt hikes petrol, diesel prices by Rs26.77 per litre

Power Division initiates measures to increase electricity production

Power Division initiates measures to increase electricity production

Pakistan lowers diesel price by Rs 32.12 as Strait of Hormuz reopens

Pakistan lowers diesel price by Rs 32.12 as Strait of Hormuz reopens

Pakistan inflation to hit 21-month high due to fuel price hike

Pakistan inflation to hit 21-month high due to fuel price hike

Punjab seeks Rs24 billion for bikers subsidy scheme

Punjab seeks Rs24 billion for bikers subsidy scheme

Rawalpindi cuts transport fares by up to 26pc after fuel price reduction

Rawalpindi cuts transport fares by up to 26pc after fuel price reduction

Public, goods transport fares reduced in Rawalpindi following fuel price cuts

Public, goods transport fares reduced in Rawalpindi following fuel price cuts

PM Shehbaz announces Rs135 diesel, Rs12 petrol cut in address to nation

PM Shehbaz announces Rs135 diesel, Rs12 petrol cut in address to nation

Petroleum prices likely to drop significantly in Pakistan today

Petroleum prices likely to drop significantly in Pakistan today

Govt replaces acting OGRA chairman amid oil sector concerns

Govt replaces acting OGRA chairman amid oil sector concerns

Fazl announces nationwide protests against rising petroleum products prices

Fazl announces nationwide protests against rising petroleum products prices

Sindh govt bans increase in school van fares

Sindh govt bans increase in school van fares

PIA suspends routes, ends discounts amid rising fuel prices

PIA suspends routes, ends discounts amid rising fuel prices

LHC reserves verdict on petroleum levy tax petition

LHC reserves verdict on petroleum levy tax petition

Govt increases petroleum prices in consultation with provinces: ministers

Govt increases petroleum prices in consultation with provinces: ministers

Balochistan announces relief package amid petroleum price hike

Balochistan announces relief package amid petroleum price hike

Fuel subsidies to check rise in cost of essential items: ministers

Fuel subsidies to check rise in cost of essential items: ministers

PM Shehbaz vows relief for public, reviews fuel reserves and subsidy measures

PM Shehbaz vows relief for public, reviews fuel reserves and subsidy measures

Islamabad transport authority maintains intra-city fares after fuel price adjustments

Islamabad transport authority maintains intra-city fares after fuel price adjustments

Bilawal calls for unity amid Middle East tensions, urges relief for public

Bilawal calls for unity amid Middle East tensions, urges relief for public

Sindh govt launches targeted fuel subsidy to ease transport fares

Sindh govt launches targeted fuel subsidy to ease transport fares

Nawaz Sharif's intervention leads to petrol price relief

Nawaz Sharif's intervention leads to petrol price relief

Petition filed in LHC against petrol price hike

Petition filed in LHC against petrol price hike

How motorcyclists in Sindh and Punjab can claim Rs2,000 petrol subsidy

How motorcyclists in Sindh and Punjab can claim Rs2,000 petrol subsidy

PTI to hold all-parties conference over surge in petroleum prices

PTI to hold all-parties conference over surge in petroleum prices

PM's adviser reveals why fuel prices were hiked in Pakistan

PM's adviser reveals why fuel prices were hiked in Pakistan

Fuel hike: Sindh announces Rs2,000 monthly relief for bikers

Fuel hike: Sindh announces Rs2,000 monthly relief for bikers

Punjab announces free public transport across cities

Punjab announces free public transport across cities

Fuel rates skyrocket as Pakistan jacks up petroleum levy by Rs55 per litre

Fuel rates skyrocket as Pakistan jacks up petroleum levy by Rs55 per litre

Punjab cuts transport fare hike to 25pc after talks

Punjab cuts transport fare hike to 25pc after talks

Jet fuel price jumps by Rs 40 to Rs 517 per liter

Jet fuel price jumps by Rs 40 to Rs 517 per liter

Finance advisor says not all motorcyclists eligible for fuel subsidy

Finance advisor says not all motorcyclists eligible for fuel subsidy

Jamaat-e-Islami launches nationwide protests against petrol price hike

Jamaat-e-Islami launches nationwide protests against petrol price hike

Masses given one-month relief despite high fuel prices: minister

Masses given one-month relief despite high fuel prices: minister

Islamabad introduces four-day school week

Islamabad introduces four-day school week

Govt to register bikers, rickshaws for fuel relief amid oil crisis

Govt to register bikers, rickshaws for fuel relief amid oil crisis

Business leaders question fuel price hike despite steady oil supply in Pakistan

Business leaders question fuel price hike despite steady oil supply in Pakistan

Kerosene price climbs to Rs433.40 per litre

Kerosene price climbs to Rs433.40 per litre

Aviation sector under pressure as jet fuel prices jump over 150pc in Pakistan

Aviation sector under pressure as jet fuel prices jump over 150pc in Pakistan

PM rejects proposal to hike petrol by Rs 95 per litre, diesel by Rs 203 per litre

PM rejects proposal to hike petrol by Rs 95 per litre, diesel by Rs 203 per litre

Petrol, diesel prices unchanged as PM Shehbaz rejects steep hike proposal again

Petrol, diesel prices unchanged as PM Shehbaz rejects steep hike proposal again

Kerosene price up by Rs70.73 per liter; petrol, diesel unchanged

Kerosene price up by Rs70.73 per liter; petrol, diesel unchanged

Timely decisions helped avert oil shortage: Atta Tarar

Timely decisions helped avert oil shortage: Atta Tarar

Pakistan urges strict austerity measures as Eidul Fitr overshadowed by regional tensions

Pakistan urges strict austerity measures as Eidul Fitr overshadowed by regional tensions

No petrol or diesel increase this Eid: PM Shehbaz rejects proposed fuel hike amid global crisis

No petrol or diesel increase this Eid: PM Shehbaz rejects proposed fuel hike amid global crisis

Petrol, diesel likely to rise in Pakistan as OGRA sends summary for approval

Petrol, diesel likely to rise in Pakistan as OGRA sends summary for approval

DPM Ishaq Dar directs strict oversight of fuel supply chains

DPM Ishaq Dar directs strict oversight of fuel supply chains

Govt hikes kerosene price by Rs39.20 per litre

Govt hikes kerosene price by Rs39.20 per litre

Economic hardships multiply after hike in fuel prices: JI

Economic hardships multiply after hike in fuel prices: JI

Peshawar High Court adopts four-day workweek to save energy

Peshawar High Court adopts four-day workweek to save energy

Foreign Office announces full support for Pakistan government austerity campaign

Foreign Office announces full support for Pakistan government austerity campaign

Pakistan fuel price hike may slow growth, push inflation higher, economists warn

Pakistan fuel price hike may slow growth, push inflation higher, economists warn

Govt reviews energy situation as three petrol cargoes expected to arrive tomorrow

Govt reviews energy situation as three petrol cargoes expected to arrive tomorrow

Minister links hike in petroleum prices to Mideast tensions

Minister links hike in petroleum prices to Mideast tensions

PPP voices concern over high prices of petrol ahead of Eid

PPP voices concern over high prices of petrol ahead of Eid

Pakistan increases petrol and diesel prices by Rs55 per litre amid Middle East tensions

Pakistan increases petrol and diesel prices by Rs55 per litre amid Middle East tensions

Petrol prices up by Rs8 per litre, diesel Rs5.16

Petrol prices up by Rs8 per litre, diesel Rs5.16

Vegetable, fruit prices up after hike in rates of petrol, diesel

Vegetable, fruit prices up after hike in rates of petrol, diesel

Petrol, diesel prices up by Rs5, Rs7.32 per litre, respectively

Petrol, diesel prices up by Rs5, Rs7.32 per litre, respectively

Petroleum products prices likely to be hiked

Petroleum products prices likely to be hiked

Pakistan announces revised petroleum prices as diesel rates jump by Rs11.30 per litre

Pakistan announces revised petroleum prices as diesel rates jump by Rs11.30 per litre

Petrol, diesel prices slashed on New Year's Eve 2026

Petrol, diesel prices slashed on New Year's Eve 2026

Fuel prices likely to drop from Jan 1 as govt plans New Year relief

Fuel prices likely to drop from Jan 1 as govt plans New Year relief

Govt slashes high-speed diesel price by Rs14, keeps petrol unchanged

Govt slashes high-speed diesel price by Rs14, keeps petrol unchanged

Petroleum prices likely to drop by up to Rs11 next week

Petroleum prices likely to drop by up to Rs11 next week

Petroleum prices likely to rise as ECC approves higher dealer, OMC margins

Petroleum prices likely to rise as ECC approves higher dealer, OMC margins

Pakistan raises petrol levy, cuts diesel levy in latest price adjustment

Pakistan raises petrol levy, cuts diesel levy in latest price adjustment

Govt collects extra Rs110b in petroleum levy amid strong fiscal performance

Govt collects extra Rs110b in petroleum levy amid strong fiscal performance

Petrol prices increased by Rs2.43, diesel by Rs3.02 per litre

Petrol prices increased by Rs2.43, diesel by Rs3.02 per litre

Pakistan faces possible fuel shortage due to delays at Karachi port

Pakistan faces possible fuel shortage due to delays at Karachi port

Govt reduces petrol price by Rs5.66 per litre

Govt reduces petrol price by Rs5.66 per litre

Petrol prices raised by Rs4.07, diesel by Rs4.04 per litre

Petrol prices raised by Rs4.07, diesel by Rs4.04 per litre

Petrol prices stay steady, diesel up by Rs2.78 per litre

Petrol prices stay steady, diesel up by Rs2.78 per litre

PM Shehbaz calls for ensuring uninterrupted supply of petroleum products amid floods

PM Shehbaz calls for ensuring uninterrupted supply of petroleum products amid floods

Petrol prices likely to drop by 61 paisa from September 1

Petrol prices likely to drop by 61 paisa from September 1

Diesel price drops by Rs12.84, petrol unchanged for fortnight

Diesel price drops by Rs12.84, petrol unchanged for fortnight

Citizens get free petrol vouchers to celebrate Independence Day

Citizens get free petrol vouchers to celebrate Independence Day

Fuel prices likely to be revised for next 15 days

Fuel prices likely to be revised for next 15 days

Petrol price slashed by Rs7.54, diesel sees Rs1.48 hike

Petrol price slashed by Rs7.54, diesel sees Rs1.48 hike

Petrol, diesel prices up by Rs5.36, Rs11.37 per litre, respectively

Petrol, diesel prices up by Rs5.36, Rs11.37 per litre, respectively

Transporters hike fares as fuel prices go up

Transporters hike fares as fuel prices go up

Govt hikes petrol prices by Rs8.36, diesel by Rs10.39 per litre

Govt hikes petrol prices by Rs8.36, diesel by Rs10.39 per litre

Govt increases petrol price by Rs4.8 per litre

Govt increases petrol price by Rs4.8 per litre

Govt increases petrol price by Re1 per litre

Govt increases petrol price by Re1 per litre

IMF urges Pakistan to impose Rs5 carbon levy on petrol, diesel from July 1

IMF urges Pakistan to impose Rs5 carbon levy on petrol, diesel from July 1

Barrister Saif terms fuel price cut 'too little, too late'

Barrister Saif terms fuel price cut 'too little, too late'

Govt slashes petrol price by Rs2 per litre

Govt slashes petrol price by Rs2 per litre

Govt increases petroleum levy instead of offering relief

Govt increases petroleum levy instead of offering relief

Petrol price likely to decrease by Rs10 per liter

Petrol price likely to decrease by Rs10 per liter

Govt keeps petroleum prices unchanged for next fortnight

Govt keeps petroleum prices unchanged for next fortnight

PM Shehbaz to announce power tariff cuts as petroleum prices remain unchanged

PM Shehbaz to announce power tariff cuts as petroleum prices remain unchanged

Petrol price likely to drop by Rs15 per litre

Petrol price likely to drop by Rs15 per litre

Petroleum dealers call off strike

Petroleum dealers call off strike

Petroleum dealers threaten nationwide strike on March 4

Petroleum dealers threaten nationwide strike on March 4

Govt slashes price of petrol by Re1 per litre

Govt slashes price of petrol by Re1 per litre

Petroleum prices likely to increase by up to Rs6 per litre

Petroleum prices likely to increase by up to Rs6 per litre

Govt hikes petroleum prices by up to Rs2.96 per litre

Govt hikes petroleum prices by up to Rs2.96 per litre

Govt likely to increase petroleum prices by Rs4 on New Year night

Govt likely to increase petroleum prices by Rs4 on New Year night

Petrol prices up by Rs3.72 per litre, diesel Rs3.29

Petrol prices up by Rs3.72 per litre, diesel Rs3.29

LHC seeks responses against recent increase in petroleum prices

LHC seeks responses against recent increase in petroleum prices

Petrol, diesel prices likely to fall on November 1

Petrol, diesel prices likely to fall on November 1

Anticipated price drop for petroleum products in Pakistan from October 1

Anticipated price drop for petroleum products in Pakistan from October 1

Punjab reduces transport fares by up to Rs70 following fuel price cut

Punjab reduces transport fares by up to Rs70 following fuel price cut

Petrol prices likely to be reduced today

Petrol prices likely to be reduced today

Govt cuts petrol price by Rs1.86, diesel by Rs3.32 per litre

Govt cuts petrol price by Rs1.86, diesel by Rs3.32 per litre

Another cut in petrol, diesel prices in the offing

Another cut in petrol, diesel prices in the offing

Govt slashes petrol price by Rs8.47 per litre

Govt slashes petrol price by Rs8.47 per litre

Significant reduction in petroleum prices expected

Significant reduction in petroleum prices expected

Fuel prices expected to fall amid global overturn

Fuel prices expected to fall amid global overturn

Govt should not keep agreements with IPPs under wraps, insists Hafiz Naeem

Govt should not keep agreements with IPPs under wraps, insists Hafiz Naeem

LHC seeks response from federal government on hike in petroleum prices

LHC seeks response from federal government on hike in petroleum prices

Locally extracted gas more expensive than imported LNG, says Musadik Malik

Locally extracted gas more expensive than imported LNG, says Musadik Malik

PTI rejects hike in petrol price

PTI rejects hike in petrol price

JI raises the flag of protest against fuel price hike

JI raises the flag of protest against fuel price hike

Govt all set to drop another petrol bomb on inflation-battered people

Govt all set to drop another petrol bomb on inflation-battered people

Oil and gas exploration companies promise $5bn investment in Pakistan

Oil and gas exploration companies promise $5bn investment in Pakistan

Tax-bitten petrol dealers set to go on strike tomorrow

Tax-bitten petrol dealers set to go on strike tomorrow

Barrister Saif decries pitfalls of 'IMF-dictated budget'

Barrister Saif decries pitfalls of 'IMF-dictated budget'

Increase in POL prices challenged in LHC

Increase in POL prices challenged in LHC

Pakistan expected to see fuel price hike from July 1

Pakistan expected to see fuel price hike from July 1

Petroleum prices likely to be decreased by Rs12 per litre

Petroleum prices likely to be decreased by Rs12 per litre

Efforts underway to provide maximum relief to people in upcoming budget: Musadik Malik

Efforts underway to provide maximum relief to people in upcoming budget: Musadik Malik

Ignoring PM's directions, finance ministry makes nominal cut in POL prices

Ignoring PM's directions, finance ministry makes nominal cut in POL prices

PM directs finance ministry to reduce petroleum prices by up to Rs15.4 per litre

PM directs finance ministry to reduce petroleum prices by up to Rs15.4 per litre

Petroleum prices to go down? Iran plans to raise oil output to 4m barrels per day

Petroleum prices to go down? Iran plans to raise oil output to 4m barrels per day

Govt slashes petrol price by Rs15.39 per litre

Govt slashes petrol price by Rs15.39 per litre

Signs are Pakistan fuel prices may see a sizeable cut with effect from midnight

Signs are Pakistan fuel prices may see a sizeable cut with effect from midnight

Central bank goes for another rate cut as Argentina inflation crests near 300pc

Central bank goes for another rate cut as Argentina inflation crests near 300pc

Indian wheat stocks at 16-year low, food prices surge

Indian wheat stocks at 16-year low, food prices surge

Big drop in Pakistan fuel prices expected -- over Rs12 for petrol and Rs8 for diesel

Big drop in Pakistan fuel prices expected -- over Rs12 for petrol and Rs8 for diesel

Citgo Petroleum reports first quarter profit of $410 million

Citgo Petroleum reports first quarter profit of $410 million

Govt cuts petrol price by Rs5.45, diesel by Rs8.42 per litre

Govt cuts petrol price by Rs5.45, diesel by Rs8.42 per litre

War on inflation: Hungary gives fuel traders two weeks to match regional average prices

War on inflation: Hungary gives fuel traders two weeks to match regional average prices

Refineries against fuel price deregulation which Ogra says will boost competition

Refineries against fuel price deregulation which Ogra says will boost competition

No proposals received to levy GST on petroleum products, says minister

No proposals received to levy GST on petroleum products, says minister

Pakistan consumers may face the brunt as oil prices up over 4pc in a week

Pakistan consumers may face the brunt as oil prices up over 4pc in a week

Hike in petrol price challenged in LHC

Hike in petrol price challenged in LHC

Yen on intervention watch as Japan wary of 'disorderly and speculative moves'

Yen on intervention watch as Japan wary of 'disorderly and speculative moves'

Govt maintains petrol price, slashes HSD by Rs1.77 per litre

Govt maintains petrol price, slashes HSD by Rs1.77 per litre

A familiar story: Currency devaluation, subsidy cuts worsen Nigeria cost of living crisis

A familiar story: Currency devaluation, subsidy cuts worsen Nigeria cost of living crisis

Finance Division predicts inflation easing in February as govt hikes fuel prices

Finance Division predicts inflation easing in February as govt hikes fuel prices

Prices of petroleum products likely to go up a week before elections

Prices of petroleum products likely to go up a week before elections

Sweet sugar among the items to be taxed as govt plans Rs90bn increase in revenue collection this year

Sweet sugar among the items to be taxed as govt plans Rs90bn increase in revenue collection this year

Petrol price slashed by Rs8 per litre

Petrol price slashed by Rs8 per litre

Tired of inflation? Just check Cuba where fuel prices will go up over 500pc

Tired of inflation? Just check Cuba where fuel prices will go up over 500pc

Govt maintains petrol prices, slashes kerosene oil by Rs2.19/litre

Govt maintains petrol prices, slashes kerosene oil by Rs2.19/litre

Petroleum prices slashed by up to Rs14 per litre

Petroleum prices slashed by up to Rs14 per litre

Optimism in the air as new prices of fuel are expected soon

Optimism in the air as new prices of fuel are expected soon

The masses anticipate further cut in fuel prices

The masses anticipate further cut in fuel prices

Possible effects on Pakistan? Oil prices fall to over three-month low

Possible effects on Pakistan? Oil prices fall to over three-month low

PM Kakar for passing on impact of petroleum prices cut to common man

PM Kakar for passing on impact of petroleum prices cut to common man

PM asks CMs to cut rates of essential items after fuel prices dip

PM asks CMs to cut rates of essential items after fuel prices dip

Staggering Rs40 per litre cut in petrol prices brings some relief to the masses

Staggering Rs40 per litre cut in petrol prices brings some relief to the masses

Petrol price likely to dip below Rs300 per litre

Petrol price likely to dip below Rs300 per litre

Something to cheer about as fuel prices likely to go down

Something to cheer about as fuel prices likely to go down

Govt increases profit margin of oil companies and petroleum dealers

Govt increases profit margin of oil companies and petroleum dealers

Caretaker govt slashes petrol, diesel prices after historic high

Caretaker govt slashes petrol, diesel prices after historic high

Sirajul Haq terms electricity bills as death warrants, breaks begging bowl

Sirajul Haq terms electricity bills as death warrants, breaks begging bowl

PR notifies five percent raise in train fares

PR notifies five percent raise in train fares

Istehkam-e-Pakistan Party criticises current increase in petroleum prices

Istehkam-e-Pakistan Party criticises current increase in petroleum prices

JI to hold sit-ins outside governor houses against fuel price hike

JI to hold sit-ins outside governor houses against fuel price hike

Staggering Rs26 increase in petrol price leaves masses high and dry

Staggering Rs26 increase in petrol price leaves masses high and dry

Masses on edge as petrol, diesel prices surpass 300 mark for first time

Masses on edge as petrol, diesel prices surpass 300 mark for first time

JI announces countrywide protest against spike in petroleum prices

JI announces countrywide protest against spike in petroleum prices

Rs17.50 per litre spike - all-time high petrol prices put a strain on the masses

Rs17.50 per litre spike - all-time high petrol prices put a strain on the masses

Expected spike in petroleum prices fuels anxiety among the masses

Expected spike in petroleum prices fuels anxiety among the masses

Govt likely to increase petrol, diesel prices

Govt likely to increase petrol, diesel prices

Oil prices ease as bearish China data fuels demand concerns

Oil prices ease as bearish China data fuels demand concerns

Oil prices edge up as production cuts keep market supported

Oil prices edge up as production cuts keep market supported

Saudi Arabia hikes most September oil prices to Asia

Saudi Arabia hikes most September oil prices to Asia

Oil rises for 6th straight week as global supplies tighten

Oil rises for 6th straight week as global supplies tighten

Oil prices set for sixth weekly gain as producers pledge output cuts

Oil prices set for sixth weekly gain as producers pledge output cuts

PDM govt raises petrol price by 82pc in 15 months

PDM govt raises petrol price by 82pc in 15 months

Oil prices open lower on demand concerns, remain on track for weekly gain

Oil prices open lower on demand concerns, remain on track for weekly gain

Oil up as supply tightness view offsets concerns from rate hikes

Oil up as supply tightness view offsets concerns from rate hikes