Pakistan on Saturday withdrew emergency fuel conservation and austerity measures imposed during the US-Iran conflict, a day after slashing fuel prices by up to Rs74 per liter following a peace agreement between Washington and Tehran that eased pressure on global oil markets. The measures were introduced after the conflict erupted in late February, disrupting energy […]
fuel prices
Aamir Dogar welcomes fuel price cut, urges reduction in petroleum levy
Pakistan Tehreek-e-Insaf (PTI) leader Aamir Dogar has welcomed the government’s decision to reduce petroleum product prices but urged authorities to further cut the petroleum levy to provide additional relief to the public. Speaking during a National Assembly session on budget recommendations, Dogar praised the government’s move to lower fuel prices, saying it was a positive […]
Pakistan could gain most if Iran oil exports resume: official
ISLAMABAD: Pakistan would be among the biggest beneficiaries if Iran is allowed to re-enter global energy markets and resume oil and gas exports, according to a senior government adviser. Finance Ministry adviser Khurram Shahzad said that any easing of sanctions on Iran and its reintegration into the international oil economy could significantly improve regional energy […]
Pakistan inflation climbs to 11.7 percent amid price surge
Inflation in Pakistan has continued to rise sharply as the national rate reached 11.7 percent in May, marking the second consecutive month of double-digit increases. The latest data highlights growing pressure on households as prices rise across essential goods and services throughout the country. According to official statistics, inflation levels remained almost the same in […]
Govt slashes petrol, diesel prices by Rs22 per litre
The federal government has announced a major reduction in petroleum prices, lowering both petrol and high-speed diesel rates by Rs22 per litre in a move aimed at providing relief to consumers during Eid holidays. Read More: Petrol and diesel prices may drop after global oil decline According to a statement issued by the Prime Minister’s Office, the price […]
Petroleum levy collections surpass IMF loan amount
The federal government has collected more than Rs2.7 trillion in petroleum levy from citizens over the past two years, according to official documents, with the amount reportedly exceeding the combined value of Pakistan’s two ongoing International Monetary Fund (IMF) loan programmes. Read More: IMF seeks higher petroleum levy target Documents revealed that from April 2024 to March 2026, […]
Government raises diesel levy amid inflation pressure
Pakistan’s inflation-hit consumers faced another financial setback after the government increased the petroleum levy on diesel instead of passing on the expected relief from lower international fuel pricing trends. Officials revised the diesel levy upward despite calculations showing room for a significant reduction in retail fuel prices for consumers and transporters across the country. Read […]
Weekly SPI declines as annual inflation remains sharply elevated
Pakistan Bureau of Statistics reported that weekly inflation measured through the Sensitive Price Indicator declined by 0.33% for the week ending May 21, 2026, mainly due to falling prices of chicken, electricity charges, petrol and diesel. However, despite the weekly relief, annual inflation recorded through the SPI remained elevated at 14.47%, reflecting continued pressure on […]
Govt providing relief to motorcyclists to help offset rising fuel prices: Memon
Sindh Senior Minister and Provincial Minister for Information, Transport and Mass Transit, Sharjeel Inam Memon, said that tensions between Iran and the US have led to an unprecedented increase in global petroleum prices, affecting people across Sindh and Pakistan. In response, the Sindh government has taken several steps to provide relief. Addressing the Sindh Assembly, […]
Petrol and Diesel Prices Increased Amid Global Oil Market Pressure
The government has increased fuel prices, raising the petrol price by Rs6.51 per liter, with the new rate set nationwide at Rs399.86. This decision reflects ongoing economic pressures and global oil market trends. The revised prices took effect from midnight. According to the Petroleum Division, high-speed diesel prices also saw a major increase. Diesel rates […]