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petrol

Government increases petrol prices for next fortnight

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The federal government on Sunday announced an increase in the petrol price by Rs4.80 per litre for the next 15 days, raising it to Rs262.59 from Rs254.64 per litre. The Finance Division said that the new petrol price will take effect from June 16, according to a notification. The rate for high-speed diesel was also … Read more

Petrol and Diesel Prices Likely to Drop Ahead of Eid

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Petroleum prices in Pakistan will likely see a slight drop amid small fluctuations in international oil markets. Diesel rates could see a reduction of Rs. 0.28 per litre, while petrol may fall by Rs. 0.6 per litre. The existing price of petrol is Rs. 252.63 while the price of high-speed diesel currently stands at Rs. … Read more

Petrol, Diesel expected prices in Pakistan from April 16

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Petrol, Diesel expected prices in Pakistan from April 16

The federal government, under Prime Minister Shehbaz Sharif’s leadership, is expected to announce a significant reduction in petrol prices — up to Rs12 per litre — starting April 16. If approved, petrol rates would fall from the current Rs254.63 to around Rs242–243 per litre. High-speed diesel (HSD) could also see a cut, dropping from Rs258.64 … Read more

Govt increases petrol by Rs1, diesel by Rs7 per litre

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Govt

ISLAMABAD: The government increased the price of Motor Spirit (MS) Petrol by Rs.1 per litre and high speed diesel (HSD) by Rs.7 per litre for the next fortnight starting from February 1st.

The price of MS petrol was fixed at Rs 257.13 per litre as against its existing price of Rs 256.13 per litre, said a press release issued by the Ministry of Finance.

Meanwhile, the price of High-Speed Diesel was increased by Rs.7 per litre as HS- Diesel would be available at Rs 267.95 per litre as compared to its previous price of Rs 260.95.

The Oil & Gas Regulatory Authority (OGRA) has reviewed and adjusted consumer prices for petroleum products in view of recent fluctuations in the international oil market.

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Petrol, diesel prices expected to rise from February 1

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Petrol

ISLAMABAD: The government is likely to increase petroleum prices from February 1, with petrol expected to go up by Rs3 per litre and diesel by Rs6 per litre. According to sources, the increase is driven by fluctuations in global crude oil prices. Currently, petrol is priced at Rs256.13 per litre, but if the proposed hike … Read more

Petrol, diesel prices likely to increase from Jan 16

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Petrol

ISLAMABAD: The petrol and diesel prices are expected to increase from January 16, 2025 (Thursday) due to higher international prices.

The price of petrol has been estimated to increase by Rs 3.53 per liter and the price of diesel by Rs 3.66 per liter for the next fortnight from yesterday, Thursday (January 16, 2025).

The expected increase in POL prices is being attributed to the increase in oil prices in the international market due to United States (US) restrictions on oil exports to China and India.

Crude oil prices surged past $81 a barrel, the highest since August 2024, on fears that US shipping restrictions could affect Russian oil supplies in the wake of US sanctions.

Industry and government sources said an increase in kerosene oil by Rs 4.98 per liter and light diesel oil (LDO) by Rs 6.20 per liter has been worked out, but the final decision rests with decision makers in the finance ministry.

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Petroleum prices likely to decrease from Nov 1

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Govt Plans to Increase Petroleum Levy in Upcoming Budget

ISLAMABAD: The price of petroleum products is likely to drop from November 01 following decline in international oil prices.

According to official sources, there is a possibility of reduction in the price of petrol by Rs 3.29  and  in diesel by Rs 3.13 per liter which will be applicable for the next 15 days.

The fuel prices in the global market have decreased by $1.5 and $2.5 per barrel respectively in the last 15 days.

Earlier, the government had reduced IMEM by Rs 304 per liter on diesel and Rs 4.07 per liter on petrol from October 16, 2024.

The oil marketing companies had informed the Oil & Gas Regulatory Authority chairman about the huge financial loss in a letter.

The Oil Companies Advisory Council (OCAC) said that the government has deviated from the pricing formula this time and kept prices low since October 16. The custom duty on diesel has been reduced from Rs 1516 to Rs 13.26 per litre.

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Diesel Prices Go Up by Rs 5 per Litre After Three Months

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Diesel Prices

Government Announces Rs5 Per Ltr Increase in Diesel Prices. The new diesel price stands at Rs251.92 per litre. The new pricing took effect at midnight on October 16. LAHORE: The government has announced an Rs5 per litre increase in diesel prices for the next 15 days while keeping petrol prices unchanged, according to a notification … Read more

New Petrol, Diesel Prices Announced for October 2024

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petrol price in Pakistan

UAE fuel price committee announces October 2024 petrol and diesel price reduction. Price decrease anticipated due to global oil price drop. UAE fuel price committee reviews and adjusts fuel prices monthly. The UAE Fuel Price Committee has announced a reduction in petrol and diesel prices for October 2024, reflecting the recent decline in global oil … Read more

Petrol, diesel rates in Pakistan decreased by Rs8.47, Rs6.7/litre respectively

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Petrol Prices expected to reduce in Pakistan from October 1

ISLAMABAD: The Finance Division announced a reduction in petrol prices by Rs8.47 per litre, primarily due to a decrease in global fuel prices. Additionally, the federal government lowered the price of high-speed diesel (HSD) from Rs272.77 per litre to Rs266.07, marking a reduction of Rs6.7. This decrease in fuel prices provides significant relief to the … Read more

Government revokes advance tax on petroleum dealers after effective protest

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Government revokes advance tax on petroleum dealers after effective protest

Protest by petrol pump owners forced government to scrap new tax. Advance tax on petroleum dealers revoked after FBR talks. Oil dealers income already finalized under existing tax system. The protest by petroleum dealers has been effective, leading to the government’s decision to revoke the advance tax imposed on them. Following the Federal Board of … Read more

Petrol price in Pakistan may further drop from Mar 16

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Petrol price in Pakistan may further drop from Mar 16

Pakistan’s new government is all set to reveal new petrol prices for second half of March 2024, which could help consumers by dropping costs at gas stations. The new pricing structure, planned to be unveiled on the evening of March 15, is predicted to bring down the cost of petrol by Rs5, setting the new … Read more

Petrol prices likely to increase from March 1

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Petrol prices likely to increase from March 1

The Oil and Gas Regulatory Authority (OGRA) has presented a working paper to the government, proposing a hike in petroleum product prices due to concerns over increasing global oil prices and potential revenue shortfalls. As per sources, OGRA has recommended an increase of Rs 3.44 per liter for petrol, which would raise the ex-refinery price … Read more

Petrol, diesel prices likely to go down from Dec 1

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Petrol price likely to be reduced from January 16

Citizens in Pakistan can anticipate relief from inflation at the beginning of December as the prices of petroleum products are expected to decrease. Sources indicate a substantial reduction, with petrol prices likely to drop by Rs 7.37 per liter, and high-speed diesel becoming cheaper by Rs 6.85 per liter. Additionally, the cost of kerosene is … Read more

Govt reduces petrol price by Rs8 per litre, HSD by Rs11

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ISLAMABAD: The caretaker government on Saturday reduced the price of petroleum products for the next fortnight. The price of petrol has been Rs8 per litre. The new price of petrol is Rs 323.38 per litre, according to a notification by the Finance Division. The price of High-Speed Diesel (HSD) has been reduced by Rs11 per … Read more

Govt increases petrol price by Rs26 per litre

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Petrol Price in Pakistan

ISLAMABAD: The caretaker government has once again increased the price of petrol and diesel for the next fortnight. The price of petrol has been hiked by Rs 26.02 per litre.  The new price of petrol is Rs 331.38 per litre, according to a notification by the Finance Division regarding the fortnightly review. The price of … Read more

PM Kakar directs to curb smuggling of sugar, petrol

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smuggling

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has strictly instructed Customs and law enforcement agencies to curb the smuggling of sugar, petroleum products, urea, agri produce, and other goods from the country. Chairing a high-level meeting regarding smuggling control, the prime minister was briefed about measures taken to control the smuggling of various goods in the … Read more

Petrol, diesel price likely to rise in September

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Petrol diesel

Pakistan’s interim government is preparing to raise petrol and diesel prices during the first half of September, aligning with the global trend, due to the continuous decline of the local currency. Reliable sources indicate that the increase could reach up to Rs20 per liter, causing concern for the public who are already grappling with high … Read more

Petroleum dealers reach agreement on phased increase in margins

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KARACHI: The negotiations between petroleum dealers and the government on product margins have been successful, BOL News reported. Petroleum Dealers Association held two rounds of talks with the representatives of the Petroleum Division at PSO House after threatening to go on strike and shut down pumps if their demands were not accepted. Both sides have … Read more

Govt to provide petrol subsidy to low-income people: PM

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petrol subsidy

Prime Minister Shehbaz Sharif announced the petroluem package Low-income people will be given a subsidy of Rs 50 per litre The subsidy applies to motorcycles, rickshaws, and cars less than 800cc ISLAMABAD: Prime Minister Shehbaz Sharif said low-income poor people will be given a subsidy of Rs 50 per litre under the petroleum relief package. … Read more

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