In the upcoming fortnightly review of prices on June 15, petrol is expected to go down by about Rs9 and HSD by Rs5 per litre. According to sources, the prices of petrol and HSD had declined in the international market by about $3.75 and $2.7 per barrel, respectively, in the last two weeks. Oil prices […]
The federal government will revise the petrol prices on June 15 with new prices coming into effect from June 16. Since April 16, the PML-N government has decreased petrol prices by Rs24 per litre and diesel by Rs20 per litre. From June 16, petrol prices are anticipated to drop by Rs9 and HSD by Rs4. […]
The government is expected to announce a further reduction of up to Rs12 per litre in petroleum prices from June 15. Sources suggest that with a decrease of $5.14 per barrel in global oil prices, there is a possibility of a Rs12 per litre reduction in petrol prices in Pakistan. It is worth noting that […]
Before the new government begins discussions with the International Monetary Fund (IMF) about a long-term economic plan, the IMF has proposed increasing the general sales tax (GST) from 0% to 18% on various items, including petrol. The IMF estimates that this could generate approximately Rs. 1,300 billion, which would account for 1.3% of Pakistan’s Gross […]
The police in Rawalpindi prevented proprietors of gas stations from fueling up motorcycles without helmets. There is no leniency for motorcycle riders without helmets across Punjab, especially in Rawalpindi. A zero-tolerance policy of no helmet, no petrol has been adopted. The district administration and police officials say that head injury can be fatal even in […]
After a delay of six days, the government finally notified the revised prices of petroleum products in the early hours of Wednesday, raising the petrol price by Rs1.45. As per the standard procedure, the notification for revised prices is issued around midnight. However, this time, the notification by the Finance Division came two hours late, […]
As Pakistan’s inflation, which just hit a 47-year-high in August at over 27 per cent, is on an upward curve, the International Monetary Fund (IMF) has warned against protests and instability in the country. Socio-political pressures are expected to remain high and could also weigh on policy and reform implementation, IMF says As Pakistan’s inflation, […]
The government has reduced the prices of petrol for the second time in 15 days. The rates of oil have been on a decline worldwide, due to which the Oil and Gas Regulatory Authority (OGRA) had suggested the government reduce the prices of petrol in its latest summary. The price of petrol has been brought […]
Oil Tankers Contractors Association (OTCA) has threatened to discontinue the supply of petroleum products across the country as a protest against Oil Marketing Companies (OMCs) for awarding illegal loading contracts. President Oil Tankers Contractors Association (OTCA); Abdullah Afridi, has claimed that 6 OMCs have illegally awarded commercial and bulk loading contracts of petroleum products to […]
Petroleum Price: The prices are revised every 15 days, but they will remain unchanged from March 1 to March 15, the Petroleum Division said. On Sunday, Prime Minister Imran Khan rejected the summary on increase in petroleum prices submitted by the Oil and Gas Regulatory Authority. According to the Ogra summary sent to the Petroleum […]
