Tue, 21-Oct-2025

Inflation crosses 4% mark as food and fuel prices rise

Inflation

ISLAMABAD: The Federal Bureau of Statistics has released its weekly inflation report, revealing a 0.56% rise in the inflation rate over the past week. According to the data, prices of 19 essential items increased, 12 decreased, while 20 remained unchanged. The report shows that the country’s overall annual inflation rate has now reached 4.07%. During … Read more

Pakistan Railways Raises Fares by 2% due to Rising Fuel Prices

PR announces 25% reduction in fares on Eid-ul-Fitr

Pakistan Railways has raised fares for mail and passenger trains by 2% due to rising diesel prices. The move aims to ease financial burdens on the railways and maintain operational efficiency. The decision follows the federal government’s increase in petrol and diesel prices. To address the challenges of rising fuel prices, Pakistan Railways has recently … Read more

Pakistan Railways considers plan to increase fares

Railways
  • The minimum burden will be placed on common passengers.
  • The increase in price of diesel increases operational cost.
  • The economy class will have less burden than other classes.

LAHORE: Pakistan Railways has hinted at increasing rail fares by five percent following the new rise in fuel prices and financial crunch in the department.

According to the details, after the increase in the price of diesel, Pakistan Railways is also considering increasing the fares.

Railway sources said that the minimum burden will be placed on the common passengers in the passenger trains, the increase in the price of diesel increases the operational cost and the increase in fares becomes inevitable to meet the operational cost.

According to the sources, the economy class will have less burden than other classes.

It should be remembered that while announcing the prices of petroleum products, the government had increased the price of petrol by Rs 26.2  per liter, while the price of high-speed diesel had increased by Rs 17. 34 per liter.

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Umar Ayub hints at further rise in fuel prices

fuel price

PTI Secretary General Umar Ayub voiced concerns over the looming possibility of rising petroleum product prices. He pointed out that the oil industry’s profits were soaring due to inventory profits, a situation he referred to as the “oil mafia.” According to Umar Ayub, the caretaker government was poised to raise diesel and petrol prices within … Read more

LHC seeks reply over hike in fuel prices 

fuel
  • Justice Sultan Tanveer Ahmed of LHC heard petition.
  • Petitioner said hike fuel prices will enhance inflation.
  • He requested court to annul increase in  fuel prices.

LAHORE: The Lahore High Court (LHC) has issued notices to the federal government, Oil & Gas Regulatory Authority (OGRA), and others on the petition against the increase in the prices of petroleum products.

A hearing was held in the Lahore High Court on the petition against the increase in the prices of petroleum products.  Justice Sultan Tanveer Ahmed of Lahore High Court heard the petition.

The petitioner said in the statement that the prices of petroleum products are being increased in the country compared to the global market.

The petitioner said that the increase in the prices of petroleum products will enhance inflation in the country. The petitioner requested the court to annul the increase in the prices of petroleum products.

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SHC moved against increase of fuel prices

SHC stops
  • Moulvi Iqbal Haider filed petition in the court.
  • He stated that Govt illegally presented the mini-budget.
  • Centre had presented the mini-budget on the  directives of IMF.

KARACHI: A petition has been filed in the Sindh High Court (SHC) against the increase of fuel prices as well as the mini-budget presented in the National Assembly.

Moulvi Iqbal Haider claimed in the petition that the federal government had illegally presented the mini-budget in the NA on February 15, increasing the general sales tax from 17 per cent to 18 per cent, besides imposing further tax on luxury items and increasing the prices of petroleum products.

He also claimed that presenting the mini-budget at the end of the financial year was not only a deviation from the constitution but also in violation of the law because Pakistan’s residents would directly or indirectly be affected from the unlawful act.

He said the Centre had presented the mini-budget on the instructions of the International Monetary Fund for implementing its policies, adding that it showed that the federal government had failed to run the state’s affairs in accordance with the provisions of the country’s constitution.

He also said the Centre was competent to impose a financial emergency in terms of the constitution’s Article 235, under which the state could be secured from any default. But the federal government is not willing to sacrifice their expenses and lavish lifestyle, he added.

Haider said policies must be formulated with the intention to strengthen the state and its citizens, adding that policies should always be formulated for the betterment and welfare of the citizens who are facing extra burden.

He said that it is the government’s duty to provide all the necessities to the citizens, but the present government has completely failed to control their expenditures and expenses.

He requested that the court declare the mini-budget as well as the increase in the prices of petroleum products a gross violation of articles 5, 8, 9, 18, 70, 77 and 80, read with Article 25, of the constitution.

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THIS portable generator might hold the key to reducing gasoline costs

generator

Fuel prices are about to rise significantly this year. Likewise, they would in any other normal year. Bluetti, is a pioneer in the field of portable power stations. Winter is on its way. You don’t need us to warn you that fuel prices are about to rise significantly this year, as they would in any … Read more

Affordable Hybrid cars in Pakistan; starting at Rs 2 M

Affordable Hybrid cars in Pakistan
  • Toyota Aqua is one of the most well-liked hybrid vehicles in Pakistan.
  • Toyota Prius models even have values considerably below Rs. 2 million despite being the country’s first hybrid vehicle.
  • Honda Vezel offers comfort, performance, usability, and an affordable price all in one vehicle.

In Pakistan, a sharp increase in fuel prices has caused mayhem and forced many to switch to less expensive forms of transportation. As a result, there is a growing market for hybrid vehicles.

While most consumers cannot afford new hybrid vehicles, there are several reasonably priced used vehicle options that offer an intriguing alternative. All hybrid vehicles that cost less than Rs. 4 million are listed in this article.

Exceptional Mentions

  • Toyota Freed
  • Toyota Sienta
  • Suzuki Xbee
  • Nissan Highway Star Dayz
  • Honda Civic, 8th generation
  • Toyota CT200h
  • Toyota Spike
  • Toyota Corolla Axio Hybrid

Toyota Aqua, starting price Rs. 2.2 million

The Toyota Aqua is one of the most well-liked hybrid vehicles in Pakistan and is a favorite among auto aficionados for its svelte look. Similar to the Nissan Note, the Aqua is economical yet potent. However, it outperforms its rivals in a variety of categories, including dependability, overall performance, and resale value, to mention a few.

Owners have reported that the Aqua gets about 18 km/l in the city and about 23 km/l on the highway. However, depending on the driving style, the fuel efficiency might radically fluctuate – either for the better or worse.

Older Aqua versions start at Rs. 2.2 million, according to numerous listings, while current models are priced well above Rs. 4 million.

Honda Fit, starting price Rs. 2.2 million

Toyota Aqua’s rival is the Honda Fit. It even surpasses the hybrid hatchback from Toyota in terms of utility and space. Though its reasonably priced and well-kept copies are difficult to locate due to its lack of appeal.

The vehicle has a respectable amount of power, is well-equipped, and delivers up to 16 city km/l and 21 highway km/l in fuel efficiency. It may be purchased in Pakistan for anywhere between Rs. 2.2 million and well over Rs. 4 million. However, some finer, high-mileage Honda Fit models may be had for about Rs. 3 million.

Toyota Prius, starting at Rs. 2.4 million

It is noteworthy that some Toyota Prius models even have values considerably below Rs. 2 million despite being the country’s first hybrid vehicle. These vehicles aren’t on the list since they might be troublesome to own and are generally not desirable.

While top-tier and more recent plugin hybrid versions can cost up to Rs. 8 million, reasonable kept specimens of the Prius can be found for around Rs. 2.5 million. Prius is a fantastic car, though, at the previous price range.

It is spacious, cozy, dependable, efficient, and has a high market value. Additionally, according to some owners, it gives fuel efficiency of up to 16 km/l in the city and up to 24 km/l on the highway. Prius meets the criteria for a complete package with these features.

 Suzuki Wagon R FZ Hybrid, starting price Rs. 2.4 million

Due to their tiny engines and incredible fuel efficiency, K-cars are in high demand. A excellent example is the Suzuki Wagon R FZ Hybrid, which, while it may not have enough power for lengthy drives or hill stations, excels at navigating city traffic on a daily basis.

According to owner reports on numerous forums, the Wagon R Hybrid is not only small, comfortable, and well-equipped, but it also boasts an amazing fuel efficiency of 26 km/l in the city and roughly 30 km/l on the highway.

The vehicle is among the least expensive hybrid vehicles in Pakistan, with costs ranging from Rs. 2.4 million to Rs. 3 million.

Nissan Note, starting price Rs. 3 million

The popularity of the Nissan Note has increased recently. It is a small, roomy, well-equipped automobile that promises to get the best fuel efficiency while being convenient to own.

Its 1.2-liter hybrid petrol engine is powerful enough to occasionally transport a small family on long distance excursions while still being fuel-efficient enough to save money even when used for everyday city driving. Owner claims that the Note’s fuel economy averages approximately 16 km/l in cities and 21 km/l on highways.

Newly imported Nissan Note vehicles cost well over Rs. 4.5 million, while used models start at Rs. 3 million. The price range for an earlier model in good condition, however, is between Rs. 3.4 million and Rs. 3.8 million.

Honda Vezel, starting price Rs. 3 million

In recent years, Pakistanis have grown fond of crossover SUVs. Although hybrid-powered crossovers are the best option, most of them are sadly too pricey.

The only hybrid crossover in Pakistan that offers comfort, performance, usability, and an affordable price all in one vehicle is the Honda Vezel. The fuel efficiency of this well-equipped SUV is about 15 km/l in the city and about 20 km/l on the highway.

Vezel is priced between Rs. 3 million and Rs. 6 million, with newer models costing more. But you can get nicer, somewhat higher mileage models for about Rs. 3.8 million.

 

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US consumer confidence is at a 15-month low due to rising food & fuel prices

US consumer

US consumer confidence reached its lowest level in more than a year due to rising food and fuel prices. Discretionary expenditure is anticipated to decline in the coming months. Consumers were more negative about present business conditions and the labour market, but more concerned about the prospects for the next six months. According to a … Read more

Falling copper prices signal another recession

copper

Some investors view copper prices as a leading indicator of the world economy. The metal is found in a variety of building elements, including electrical cables and water pipes. Copper prices have decreased by more than 11% in two weeks. Some investors view copper prices as a leading indicator of the world economy. If you … Read more

Fuel prices boost Canadian inflation to 7.7%

Canadian inflation

Consumer price index (CPI) at highest level since January 1983. CPI figures surpassed the average forecast of 7.4%. Bank of Canada will raise the benchmark interest rate by 0.75 percentage points Canadian inflation has reached its highest level in 39 years, with annual price increases of 7.7% in May. A variety of sectors contributed to … Read more

Oil prices down on reports Washington intends to reduce fuel costs

oil price

Brent crude falls 3.5% to $110.69 per barrel, while West Texas Intermediate drops 3.7%. Asia-Pacific equities decline as Wall Street plays catch-up after Juneteenth holiday. Japan’s Nikkei falls 0.8%, South Korea’s Kospi falls 2.1%, China’s CSI 300 slides 0.7%, Hong Kong’s Hang Seng falls 1.3%. On Wednesday, oil prices declined in response to reports that … Read more

Brazil’s Petrobras raises fuel prices

Petrobras

Petrobras, Brazil’s state-owned oil company, announced Friday that it is raising fuel prices. President Jair Bolsonaro reacted angrily saying Petrobras “could sink Brazil in chaos”. Brazil has already seen fuel prices surge by over 33 percent in the past year. Petrobras, Brazil’s state-owned oil company, announced Friday that it is raising fuel prices, infuriating President … Read more

Petrobras in Brazil will delay raising fuel prices

Petrobras

Petrobras management told the government on Monday that Brazil’s diesel and gasoline prices are lagging behind international markets. The final decision depends on factors like oil prices and the exchange rate, “but the idea is to hold,” a source says. Congress has approved a bill that caps the ICMS state tax on fuels and other … Read more

South Korean trucker strike snarls supply chains

South Korean

South Korean truck drivers stage eighth day of protests against rising fuel prices. Drivers are protesting against the minimum wage guarantee and rising costs. The strike is the latest stumbling block for global supply chains. South Korean truck drivers staged their eighth day of protests on Tuesday against rising fuel prices, which have further snarled … Read more

Nigerian airlines suspend flights over soaring fuel prices

Nigerian

Nigerian airlines will cancel all flights starting Monday due to increased jet fuel prices, according to an umbrella group of operators. Fuel prices have risen dramatically around the world since Russia invaded Ukraine in February, prompting the West to levy sanctions on Moscow. The Airline Operators of Nigeria said the price of jet fuel had … Read more

China will hike retail fuel prices

China’s top economic planner said on Thursday that retail gasoline and diesel prices will rise starting on Friday. According to the National Development and Reform Commission, the retail prices of gasoline and diesel would be hiked by 205 yuan (about 31.24 US dollars) and 200 yuan per tonne, respectively, due to recent fluctuations in world … Read more

Morocco PM’s petrol business at centre of dispute

petrol

Soaring fuel prices in Morocco have re-ignited a debate over the tension between business and politics, with billionaire petrol entrepreneur Aziz Akhannouch, who is also the prime minister, at the centre. Last week, for the first time since the crisis in Ukraine caused a global spike in petroleum prices, Akhannouch had to explain to parliament … Read more

Peeling off  poverty

fuel prices

The government will face a tough time in sustaining the poverty level on the back of higher fuel prices, the rupee depreciation and an increase in the electricity and gas tariffs on regular intervals. The latest poverty headcount based on the 2018/19 Household Economic Survey showed around 22 per cent of the estimated 227.9 million … Read more

China to raise retail fuel prices

china

BEIJING: China will raise the retail prices of gasoline and diesel from Sunday, the country’s top economic planner said on Saturday. Based on recent changes in international oil prices, the retail prices of gasoline and diesel will be increased by 310 yuan (about $48.6) and 300 yuan per tonne, respectively, according to the National Development … Read more

Finance Ministry notifies reduction in Fuel Prices

Petrol price remain unchanged till 31st May

The Ministry of Finance on Wednesday has announced new prices for petroleum products. According to the details, Petrol has been reduced by Rs 1.55 per liter, whereas the price of high-speed diesel has been reduced by Rs 3 per liter. Finance Ministry also notified Rs 1.55 per liter reduction in the price of kerosene oil, … Read more

‘#TabahiSarkar’: Sherry Rehman slams PTI Govt over soaring trade deficit

PTI

Pakistan Peoples Party leader Senator Sherry Rehman on Thursday aimed guns at the Pakistan Tehreek e Insaf (PTI) Government over the alarming rise in the country’s trade deficit. According to the details, the Senator in her tweet said that the oil prices in the international market have dipped for the fourth straight day, but the … Read more

Protests erupt in Iran, fiercest clashes leave 106 killed

106 killed in Iran protests

The protests in Iran against the rise in petrol prices have worsened as more than 100 protesters are reportedly dead. According to the details, days of protests in Iran over rising fuel prices and a subsequent government crackdown have killed more than 100 people across the country. Iran observes its largest protests in years, in … Read more