Prime Minister Shehbaz Sharif has announced a significant reduction in fuel prices, lowering high-speed diesel (HSD) by Rs135 per litre and petrol by Rs12 per litre, in what he described as a moment of economic relief for the public. Read More: Petrol will now cost Rs 458 per litre, diesel Rs 520 In a televised address to the nation, […]
fuel prices
Ogra, PSO face criticism over weak monitoring in the petroleum sector
Authorities in Pakistan have raised serious concerns over the slow pace of digital integration and monitoring in the petroleum sector, with Oil and Gas Regulatory Authority (OGRA) and Pakistan State Oil (PSO) coming under criticism during a high-level meeting in Islamabad. Read More: Ogra, PSO come under fire for lethargic monitoring of oil stocks The cabinet committee, formed by Prime Minister […]
Provinces told to curb inflationary pressures after fuel prices hike
Federal Minister for Planning, Development and Special Initiatives Prof Ahsan Iqbal on Saturday chaired an online meeting of the National Price Monitoring Committee (NPMC), directing provincial governments to take immediate measures to curb inflationary pressures following a recent increase in fuel prices. The meeting reviewed the impact of rising petroleum prices on transportation fares and […]
Murad Ali Shah has announced a Rs55 billion targeted subsidy package
KARACHI: Sindh Chief Minister Syed Murad Ali Shah has announced a Rs55 billion targeted subsidy package aimed at protecting vulnerable groups from rising fuel costs driven by regional tensions, including the ongoing Iran conflict. Read More: Sindh unveils Rs2000 biker fuel subsidy Speaking at a press conference, the chief minister said the provincial government would bear […]
How to get petrol in low price? Follow the process:
The government has introduced a new mechanism to provide subsidised petrol through a mobile application, offering relief to citizens amid soaring fuel prices. The initiative, titled the “Motorcycle Petrol Subsidy Relief Package 2026,” aims to support low-income individuals by reducing their monthly fuel expenses. Read More: Pakistan plans fuel quota via mobile app According to official details, eligible […]
Punjab announced free public transport across cities in the province
Punjab Chief Minister Maryam Nawaz has announced free public transport services across all cities in the province, aiming to provide relief to citizens amid rising fuel costs and economic pressure. Read More: Maryam Aurangzeb has assured the public will get relief as global conditions improve Following the directive, passengers will no longer be required to […]
Maryam Aurangzeb has assured the public will get relief as global conditions improve
Senior Punjab Minister Maryam Aurangzeb has assured the public that relief will be provided as global economic conditions improve, following a sharp increase in petroleum prices in Pakistan. Read More: IMF warns global inflation may rise sharply In a statement shared on social media platform X, Aurangzeb acknowledged the recent hike in fuel prices but stressed that […]
PM Shehbaz Sharif has directs talks with IMF on petroleum levy
Prime Minister Shehbaz Sharif has directed the Finance Division to engage with the International Monetary Fund (IMF) over the structure of petroleum levy imposed on petrol and diesel, aiming to shield the public from rising global oil prices. Read More: Govt plans Rs 5 fuel levy hike ahead of IMF deal According to official sources, the prime minister issued […]
Hormuz disruption triggered fears of increase in global oil markets
The ongoing disruption in the Strait of Hormuz has triggered a major upheaval in global oil markets, raising fears that crude prices could surge to as high as $200 per barrel. The crisis, now stretching beyond a month, is being described as one of the most severe oil supply shocks in modern history, with far-reaching […]
Centre seeks provincial share in targeted fuel subsidy amid price surge
The federal government has asked provinces to set aside Rs154 billion from their NFC share for a potential fuel subsidy on two- and three-wheelers, as authorities weigh relief measures against rising global oil prices, on Saturday. There are two options: one is to pass the impact of international oil prices on to the consumers, and […]