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Islamabad: The federal government is expected to raise petrol prices by Rs1.24 per litre and diesel by Rs4.49 per litre, effective tonight for the next two weeks. The hike comes as a result of rising global petroleum product prices, mainly due to disruptions in shipping routes. The international price increase is driven by disruptions in …
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Islamabad: The prices of petroleum products in Pakistan are set to increase by up to Rs6.20 per litre for the upcoming fortnight, beginning January 16, due to a rise in international crude oil prices. Market sources suggest that the ex-depot price of petrol will increase by Rs3.53 per litre. Kerosene oil and light diesel oil are …
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The federal government is expected to increase petrol prices starting December 16. Rising global oil prices have pushed Pakistan to consider the hike. The revised rates will be announced on December 15 after the second fortnightly review. These new prices will remain effective until December 31. Global Oil Market Impact International crude oil prices have …
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Oil Marketing Companies (OMCs) in Pakistan achieved a milestone in November 2024, recording sales of 1.58 million tons—the highest monthly figure in 25 months. This robust performance marks a 15% year-on-year (YoY) growth, driven by lower petroleum prices, macroeconomic stabilization, and a crackdown on fuel smuggling. The strong demand for diesel, especially during seasonal agricultural …
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The federal government raised petroleum costs on Saturday for the next fortnight. Petrol now costs Rs252.1 per litre, while high-speed diesel (HSD) is priced at Rs258.43 per litre. Petrol prices increased by Rs3.72 per litre, and HSD saw a Rs3.29 per litre hike. These adjustments come despite hopes that prices would remain stable due to …
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Islamabad: The federal government has announced that the prices of petrol and high-speed diesel (HSD) will remain unchanged for the next fortnight, starting November 16. The Finance Division issued a notification stating that the Oil and Gas Regulatory Authority (OGRA) calculated the prices of petroleum products based on international market trends over the last two …
Islamabad: Pakistani consumers will face another increase in petrol and diesel prices in the upcoming fortnight. Rising global oil rates and elevated import costs are driving this price hike, which will add more financial pressure on consumers nationwide. Sources report that petrol prices are set to rise by Rs4 per liter, reaching Rs253 per liter, while …
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Petrol and diesel prices in Pakistan may decrease in early November due to a recent drop in global crude oil prices, officials have indicated. If implemented, this reduction would provide relief for Pakistani consumers, who continue to grapple with high inflation. Officials have projected a price cut of Rs2 to 3 per litre for petroleum …
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The government has announced a Rs5 increase in the price of high-speed diesel (HSD), citing fluctuations in the international market. Starting midnight tonight, the price of HSD will rise from Rs246.29 to Rs251.29 per litre. However, the price of petrol will remain unchanged at Rs247.03 per litre for the next two weeks. In a notification …
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Pakistanis are preparing for another round of fuel price increases, potentially as high as Rs10.25 per liter for high-speed diesel (HSD), starting from October 16, 2024. The looming price hike adds to the country’s economic struggles, with inflation already affecting daily life. The Pakistan State Oil (PSO) is set to propose new fuel prices to …
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The federal government of Pakistan, led by the Pakistan Democratic Movement (PDM), has announced a reduction in the prices of petroleum products (POL) by up to Rs30 per litre. The government took this decision after a fall in the international oil rate. The price of petrol, in international market is decreased by Rs12 per litre …
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Finance minister Ishaq Dar held a television address today to tell the Pakistani nation about the updates on petrol and diesel prices. He explained in the video that the petrol and diesel prices will remain the same till next fortnight which will be on 15th December. Dar announced that Prime Minister Shahbaz Sharif decided to …
