The government has reduced the price of jet fuel by Rs 7.15 per litre, bringing the new price to Rs 231.72 per litre. The reduction is expected to provide relief to domestic airlines by lowering aviation fuel costs, which may also help reduce overall operational expenses. Officials noted that before rising tensions and conflict in […]
fuel price
Oil industry reports $367m loss after fuel price cut
Pakistan’s oil industry has suffered losses of about Rs104 billion ($367 million) following a sharp government-mandated fuel price cut last week, according to an industry letter seen by Arab News, with oil companies warning that repeated changes to pricing rules are undermining confidence in the sector. The losses stem from a sudden reduction in fuel […]
Punjab CM welcomes fuel price cut, orders reduction in transport fares
Punjab Chief Minister Maryam Nawaz Sharif on Friday welcomed the federal government’s decision to reduce petroleum prices and directed the authorities concerned to take immediate steps to ensure a corresponding reduction in passenger transport and goods carriage fares. Expressing gratitude to the public for their support during challenging circumstances, the chief minister said the benefits […]
Petrol pump owners demand monthly fuel price review
Petrol pump owners in Pakistan have called on the government to replace the current weekly fuel pricing mechanism with a monthly review system, arguing that frequent price revisions are creating financial and administrative challenges for fuel retailers. According to the petrol pump owners association, regular fluctuations in fuel prices are undermining business stability and making […]
Government cuts jet fuel price
The Pakistan government has significantly reduced jet fuel price, raising expectations of lower airfares for domestic and international travellers. The price of jet fuel has been cut by Rs111.44 per litre, bringing the new rate down to Rs330.22 per litre. According to aviation industry sources, the reduction is likely to ease operational costs for airlines […]
Pakistan OMCs set for windfall gains as ME tensions drive fuel price surge
Pakistan’s oil marketing companies are set to post windfall earnings as surging global oil prices and domestic fuel hikes boost margins, a top brokerage house said in a report on Friday, even as the sector grapples with mounting government receivables and potential demand slowdown. The expected gains follow a sharp rise in global petroleum prices […]
Memon defends fuel price hike in wake of regional situation
Senior Minister of Sindh Sharjeel Inam Memon said that, in the current war situation in the region, the federal government has had to increase petrol prices. On this important issue, a meeting was held under the chairmanship of President Asif Ali Zardari and the Prime Minister, in which all Chief Ministers participated and joint decisions […]
NA fails to take up agenda as opposition protests fuel price hike
A 90-point agenda could not be taken up in the National Assembly (NA) on Friday amid a protest by the opposition over an unprecedented increase of 43 per cent and 55pc in the prices of petrol and high-speed diesel (HSD), respectively. The increase, which has led to the petrol price being set at Rs458.4 per […]
Pakistan Railways increases train fares following fuel price hike
The government has significantly increased the price of jet fuel used by commercial aircraft, raising it by Rs154 per litre in one of the largest hikes in recent years. Following the increase, jet fuel prices have surged from Rs 188.93 to a record Rs 342.37 per litre, marking an increase of about 82%. The sharp […]
Government denies fuel price relief as levy soars to Rs80
The government of Prime Minister Shehbaz Sharif has stopped a potential fuel price reduction. Officials confirmed that by amending the Petroleum Products (Petroleum Levy) Ordinance 1961, they blocked a decrease of about Rs10 per litre. As a result, the petroleum levy on petrol and diesel has now increased to Rs80 per litre. Previously, the government […]