The federal government has reduced the petrol price by Rs7.54 per litre for the next two weeks, starting from August 1, according to a statement from the Finance Division on Thursday. The notification mentioned that with this cut, the new price of petrol is now set at Rs272.15 per litre. At the same time, the … Read more
Inflation-hit citizens in Pakistan may face another setback as the government, led by Prime Minister Shehbaz Sharif, is expected to increase petrol and diesel prices from January 16, 2025. The anticipated hike comes amid a surge in global crude oil prices, with reports suggesting an increase of Rs 3 to 5 per litre. Crude oil … Read more
Petrol and diesel prices in Pakistan are expected to increase in the second half of November 2024. The International Monetary Fund (IMF) has advised the government to impose General Sales Tax (GST) on petroleum products and raise the Petroleum Development Levy (PDL) to Rs70 per liter, which would result in higher fuel costs. The federal … Read more
Fuel prices in Pakistan are expected to rise from October 16, 2024. Petrol prices may rise by Rs5 per litre, while diesel could see a significant jump of Rs13 per litre. The hikes reflect recent global price spikes in crude oil, petrol, and diesel. LAHORE: Amid the government’s ongoing efforts to control inflation, fuel prices … Read more
Starting September 1, 2024, petrol prices in Pakistan are set to decrease by Rs 5-6 per litre, marking the third straight fortnight of price cuts. This reduction is welcome news for consumers, driven by favorable global oil market conditions and a stronger local exchange rate. Global Oil Price Decline The anticipated drop in petrol prices … Read more
Petrol prices in Pakistan are expected to see a notable decrease in the upcoming fortnightly review on August 15, 2024. The federal government will announce the revised petroleum prices on Thursday, with the new rates taking effect from August 16. Reports suggest that petrol prices may be reduced by up to Rs9 per litre, while … Read more
In a move offering some relief to inflation-stricken Pakistanis, the federal government is set to reduce petrol and diesel prices for August 2024. The anticipated decrease is around Rs. 2.90 per liter for petrol and Rs. 8.50 per liter for diesel, following a decline in global oil prices, which have hit a six-week low. In … Read more
The federal government of Pakistan is expected to raise petroleum prices starting August 1st. The revised petrol prices will be announced on the night of July 31 and will come into effect on August 1st. Previously, on July 16, 2024, the government had already increased petrol and diesel prices. Petrol was raised by Rs9.99 per liter, … Read more
Petrol prices in Pakistan are expected to see a substantial increase next month, in July 2024, marking the start of the new fiscal year 2024–25. According to reports, the federal government plans to raise the petrol price by Rs7.54 per litre and the high-speed diesel (HSD) price by Rs9.84 per litre for the first 15 … Read more
Petrol prices in Pakistan are anticipated to decrease further starting June 16, following a drop in international oil prices due to the ongoing Middle East crisis. The federal government will revise the petrol prices on June 15, with the new rates becoming effective the next day. Since April 16, the coalition government, led by the … Read more
Petrol prices are expected to decrease on June 1, according to sources familiar with the development. The price of petrol and diesel may drop by approximately Rs6.50 to Rs7.50 per liter. In the past 15 days, global market prices for petrol and diesel have decreased by $3.25 and $2.10 per barrel, respectively. This follows a … Read more
Global oil market fluctuations hint at a potential decrease in domestic gasoline prices in Pakistan. Analysts predict a downward trend in global petroleum product prices but caution against ongoing volatility. Pakistan’s petroleum pricing strategy is influenced by global oil prices and fuel consumption. As Pakistan grapples with rising inflation, there may be a glimmer of … 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
