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Petroleum prices

Petroleum prices surge by nearly Rs30 per litre in just six weeks

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Petroleum prices

ISLAMABAD: Prices of petroleum products have risen by up to Rs29.71 per litre over the past one and a half months, adding to the financial burden on consumers. Since June 1, the federal government has increased fuel prices four times, reflecting the ongoing volatility in global oil markets and domestic economic pressures. In just a … 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

Government Reduces Petrol Price by Rs2.07 Per Liter

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Government

Pakistan’s federal government announces a Rs2.07 per liter reduction in petrol prices, from Rs249.10 to Rs247.03 per liter. High-speed diesel prices have also been reduced by Rs3.40, from Rs249.69 to Rs246.29 per liter. Kerosene oil and light diesel prices have also been decreased. ISLAMABAD: The federal government has announced a reduction in petrol prices by … Read more

Petroleum Product Prices Expected to Drop in Pakistan from October

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Petrol price

Anticipated price drop for petroleum products in Pakistan from October 1. The Official announcement is expected on September 30. The federal government already implemented a price reduction on September 15. ISLAMABAD – A decrease in global oil prices is anticipated to lead to lower petroleum product prices in Pakistan, effective October 1. Sources suggest that … Read more

Government Exceeds Petroleum Levy Collection Target

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Petrol, diesel prices to remain same for next fortnight

The government collected Rs 907 billion through the petroleum levy (PDL) in 11 months. Oil marketing companies reported a 7% year-on-year increase in sales in May 2024. Diesel sales grew by 18% in May due to the harvest season and price reductions. Karachi: The government has successfully surpassed its petroleum development levy (PDL) collection target, … Read more

Latest Petroleum Prices in Pakistan on September 12, 2023

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Petroleum Prices

Today, on September 12, 2023, the petrol and diesel prices in Pakistan stand at Rs 305.36 per liter and Rs 313.84 per liter, respectively. These price levels will remain in effect until September 15, 2023. Pakistan is currently facing an unprecedented petroleum crisis as fuel prices surge to historic highs, reaching an astonishing Rs 305.36 … Read more

Petrol prices in Pakistan may go up from March 16

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Petrol Prices in Pakistan

ISLAMABAD: Petrol prices in Pakistan may go up from March 16, 2023 owing for significant depreciation in local currency. The country is scheduled to announce the petroleum prices on March 15, 2023 for next fortnight (March 16 – 31). The ongoing decline in the value of the rupee has increased the likelihood of another increase … Read more

Imran Khan criticizes govt for hike in petroleum products  

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Imran Khan
  • PDM government has ruined Pakistan’s economy.
  • Imran Khan said the government has crushed the masses.
  • Govt announced Rs35/ litre hike in the prices of petrol and diesel.

LAHORE: Former prime minister and Pakistan Tehreek-e-Insaf chief  Imran Khan said the corrupt and incompetent PDM government has ruined Pakistan’s economy.

In his tweet message , former prime minister Imran Khan said the government has crushed the masses and salaried class by hiking petroleum prices. Hike in electricity and gas prices and 35 percent unprecedented inflation expected with Rs200 billion mini-budget.

“Total mismanagement of our economy by a corrupt & incompetent imported govt has crushed masses & salaried class with latest hike in petrol & diesel prices & Rs33/$ devaluation to Rs262.6/$. Elec & gas price hike & 35% unprecedented inflation expected with Rs200bn mini budget.”

Earlier, it may be noted that Finance Minister Ishaq Dar  announced Rs35/ litre hike in the prices of petrol and diesel.

While addressing a press conference , Ishaq Dar said that 11 per cent increase was witnessed in the prices of petrol products in the international market.

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Govt to devise policy for hike in petroleum prices: Miftah

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Finance Minister directs FBR to increase tax targets for next financial year

ISLAMABAD: Minister for Finance Miftah Ismail on Monday said the government will devise a policy to increase petroleum prices. The elite class having big vehicles could not be given subsidy, however, those using less petrol such as motorcyclists would be given relief, he said while talking to a private news channel. Miftah said the present … Read more

Industry reject hike in petroleum prices

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petroleum prices

KARACHI: The industrialists on Wednesday rejected the significant hike in petroleum prices and urged the Prime Minister to revert the decision in order to avoid high inflation. The Korangi Association of Trade and Industry (Kati), in a statement blasted the government for the substantial increase in the petroleum products prices. Kati Acting President Maheen Salman … Read more

Businessmen condemn hike in petroleum prices

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Businessmen

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s Businessmen Panel (BMP) has condemned the hike in the petroleum products prices, a statement said on Saturday. They demanded the government to reduce the tax ratio on oil products to support the trade and industry, as the government has raised the petroleum levy, along … Read more

Petroleum products prices to remain unchanged

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Petrol Strike

ISLAMABAD: The government has decided to maintain the prices of petroleum products for the next fortnight effective from December 1, 2021, a statement said. Analysts were predicting a further increase in the prices for the next fortnight but on the directives of Prime Minister Imran Khan, the prices were kept intact. Some of the analysts … Read more

New Year’s Gift: Petrol Price Increases By Rs 2.31 Per Litre

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Petrol Price Hits Record High In Country's History

ISLAMABAD: The government has hiked petroleum prices at the beginning of the new year. According to sources, an increase of Rs 2.31 per litre in petrol price has been approved, after which the new price of petrol will be Rs 106. Besides, it has been approved to increase the price of diesel by Rs 1.80 … Read more

Petrol price to remain unchanged at at Rs100.69 per litre till December 15

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Petrol Price in Pakistan

Government of Pakistan, in its motive to provide the maximum relief to the masses, has decided to leave the prices of petrol, kerosene and light diesel unchanged till December 15. According to the details, the Oil and Gas Regulatory Authority (OGRA) recommended the petroleum division to raise fuel prices including that of petrol in December. The OGRA … Read more

Petroleum product prices likely to decrease: sources

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Petrol Price in Pakistan

The sources revealed on Friday that petroleum product prices likely to decrease by up to Rs 3.5 per liter. According to the details, OGRA prepared the working prices of petroleum products. Sources suggested that the petrol price will be reduced by Rs 3.5 per liter. On the other hand, the price of high-speed diesel will … Read more

Petrol Prices to remain unchanged for next 15 days

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Petrol

Prime Minister Imran Khan Wednesday directed there would be no rise in the price of petrol, while there would be a decrease of Rs 2.40 per liter in High-Speed Diesel HSD for the next 15 days. According to the details, the prices of other petroleum products will also remain unchanged for the next 15 days. … Read more

Petroleum prices likely to be reduced from October

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Petrol

The Oil and Gas Regulatory Authority (OGRA) has put forward a proposal on Tuesday to reduce the petroleum products’ prices up to Rs2 per liter from October. According to the details, OGRA has recommended slashing Rs2 per liter in the price of petrol, diesel as the petroleum prices in the international market have decreased. The … Read more

Petrol prices in Pakistan expected to decrease by Rs 27 per liter in May

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Petrol at pump stations

Petrol prices in Pakistan is expected to drop by Rs 27  liter from 1st May. Petrol price can be reduced by Rs 27 and diesel by Rs 22 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. According to … Read more

Petroleum dealers reaches to brink of bankruptcy due to uncertain conditions

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Petrol at pump stations

Petroleum Dealers Association said the petroleum dealers have reached to the brink of bankruptcy due to uncertain conditions and nationwide lockdown. The government should come forward immediately to rescue this important sector which is moving the wheels of the economy. Former executive, Ghiyas Paracha said that the cost of doing business in increasing while profit … Read more

Petroleum prices to remain unchanged for February

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Petroleum prices

Government has decided to keep the Petroleum prices unchanged for the current month. The Finance Ministry of Finance has made the announcement. Earlier, the Oil and Gas Regulatory Authority (OGRA) has sent summary to the federal government, recommending modifications in prices of petroleum products for the month of February 2020. OGRA has sent recommendations and … Read more

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