Following a recent increase in crude oil prices in international market, petrol prices are expected to rise by Rs. 8.5 per litre. According to sources, when the price of oil rises in international market, the price of petroleum products is projected to rise as well. Petroleum prices are predicted to rise by up to Rs. … Read more
The Pakistani government has resolved not to raise petroleum product prices for the first 15 days of February 2022. Special Assistant to the Prime Minister on Political Communication Shahbaz Gill confirmed the news on Twitter. “The Prime Minister did not approve the summary of increasing petrol by Rs11 and diesel by Rs14,” wrote Gill. “The … Read more
According to a statement released by the Finance Division on Saturday, the government increased the price of petrol by Rs3.01 per litre in response to rising petroleum prices in international market. Petrol will now cost Rs147.83 per litre, up Rs3.01 from the previous price, while high-speed diesel will cost Rs144.62 per litre, up Rs3. Furthermore, … Read more
KARACHI: Sources at oil marketing businesses said on Thursday that the price of petrol is expected to hit an all-time high of Rs150 per litre, owing to a rise in crude oil prices on the international market. According to sources, the government plans to raise the price of petroleum products by Rs6 per litre, with … Read more
On Wednesday, The government decided to slash the price of petroleum products by as much as Rs7.01. The Finance Division has lowered the rate of the commodity by Rs5 to Rs140.82 per litre. The rates have been reduced amid fluctuations in the prices of petroleum products in the international market. Therefore, the price of diesel … Read more
ISLAMABAD: The government raised petroleum prices by Rs9 to 12, said a notification issued by the Finance Division on Saturday. The government raised the price of petrol by Rs10.49 per litre and high-speed diesel (HSD) by Rs12.44 per litre. The new price of petrol, effective from today (October 16), is Rs137.79 per litre, while that … Read more
The opposition attacked the federal government and created a ruckus in the national assembly over a fuel price hike. In protest against rising fuel (Petrol & Diesel) prices, parliamentarians displayed placards and chanted slogans against the government. Opposition lawmakers later surrounded the speaker’s dice in protest and announced a boycott, after which the National Assembly … Read more
The government has announced an Rs5 upsurge in the price of petrol. An upsurge in other petroleum products will also be imposed starting September 16, stated the notification by the Finance Division. Petrol, with the Rs5 an upsurge, will now cost Rs123.30 per litre. Whereas high-speed diesel, with an escalation of Rs5.01, will now cost … Read more
KARACHI: Analysts foresee a hefty price escalation of Rs20/litre to Rs25/litre in the retail prices of the motor spirit and high-speed diesel next year due to the present government’s ambitious target of Rs610 million Petroleum Development Levy (PDL) in FY22. “The targeted Rs610 billion in PDL collection roughly estimates to Rs30/litre on the sale of … Read more
Prime Minister Imran Khan has taken notice of the shortage of petroleum products and directed to end the artificial shortage of petrol across the country. According to details, Prime Minister Imran Khan chaired a meeting of the federal cabinet in which the Prime Minister expressed anger over the shortage of petroleum products and said that … Read more
Petrol shortage rumors are cleared now by higher officials. Federal Minister for Energy Omar Ayub chaired a high-level in the Petroleum Division on the issue of shortage of petrol. According to the details, Federal Minister Omar Ayub expressed deep concern over the ongoing crisis in the country and directed strict action against those responsible for … Read more
CNG prices have been slashed in Punjab and Islamabad. President All Pakistan CNG Association Ghias Paracha said that the price of CNG in Punjab and Islamabad has been reduced by Rs 7.50 per litre. The president of the CNG Association said that due to the reduction in the price of LNG in the global market, … Read more
Oil marketing companies have submitted a reply to the Oil and Gas Regulatory Authority’s (OGRA) show-cause notice on non-supply and shortage of petroleum products. In their response to the OGRA show-cause notice, Oil marketing companies have said that the decline in the availability of petroleum products was due to the decision of the Ministry of … Read more
The Oil and Gas Regulatory Authority (OGRA) has issued show-cause notices to oil marketing companies (OMCs) seeking a response within 24 hours due to a shortage of supply of petroleum products in the country. According to OGRA spokesperson Imran Ghaznavi, the Oil and Gas Regulatory Authority has issued notices to Shell Pakistan Limited, Attock Petroleum … Read more
Petrol Price in Pakistan: Oil & Gas Regulatory Authority (Ogra) on Friday submitted a summary to the Petroleum Division recommending that the petroleum products should be decreased from June 1st. As per details, the regulatory authority has forwarded a summary to the Petroleum Division suggesting a cut of at least Rs 7 per litre. The … Read more
Oil and Gas Regulatory Authority (OGRA) has sent the summary to Ministry of Energy which recommends a reduce petrol prices by Rs 5-10 After the approval from Ministry of Energy the summary will be then forwarded to the Finance Ministry for approval. On the other hand, Brent crude dropped slightly to 0.17%, trading at $36.18. … Read more
The Pakistan Muslim League Nawaz (PML-N) demanded to provide relief to the people by fixing petrol price to Rs 50 per liter. After a party meeting in Islamabad, former prime ministers Shahid Khaqan Abbasi and Khawaja Asif held a media talks with other leaders and demanded a reduction in oil prices. Shahid Khaqan Abbasi said “Today, … Read more
The price of petroleum products is expected to drop by Rs 31 liter from next month. Petrol price can be reduced by Rs 22 and diesel by Rs 31 per liter. Industry sources said that due to the decline in oil prices in the global market, the petrol price in country will also decline. PM … Read more
Pakistan may see a histrionic decrease in the prices of petroleum products, followed by a traumatic decrease in the international market. The world is witnessing a significant drop in oil prices after Saudi Arabia started a price war with Russia by slashing selling prices amid coronavirus outbreak. Global oil prices fell by almost 30%, and … Read more
Oil and Gas Regulatory Authority (OGRA) has sent the summary to Ministry of Energy (Petroleum Division) which recommends a depreciation in fuel prices. After the approval from Ministry of Energy (Petroleum Division) the summary will be then forwarded to the Finance Ministry for approval. OGRA has recommended that prices of HSD may be reduced by … Read more
Petrol prices in Pakistan are determined by federal government of Pakistan on the recommendation of (OGRA) Oil and Gas Regulatory Authority. OGRA revises Petrol, Light Diesel, High Speed Diesel, Kerosene oil and other petroleum product prices on monthly basis. For the month of February 2020, the OGRA had recommended the Petroleum Division to increase the … Read more
