The government has reduced jet fuel prices by Rs56.97 per litre, extending a broader trend of declining petroleum costs and creating expectations of lower airfares for domestic and international passengers. The latest reduction lowers the price of jet fuel to Rs238.87 per litre, offering potential cost relief to airlines operating across the country. The move […]
Petrol prices
PM Shehbaz signals major cut in petroleum prices amid global oil decline
ISLAMABAD: Prime Minister Shehbaz Sharif has announced that a “significant” reduction in petroleum prices will be unveiled later in the day, citing a sharp fall in global crude oil rates following recent geopolitical developments and a US-Iran understanding. Addressing the National Assembly, the prime minister said the government would pass on the benefit of lower […]
Petrol, diesel prices may see major relief from June 20
ISLAMABAD: Consumers across Pakistan may receive significant relief as the federal government is considering a substantial reduction in petroleum prices from June 20 following a decline in global crude oil prices. According to sources, petroleum products could become considerably cheaper after international oil markets reacted positively to easing geopolitical tensions in the Middle East. The […]
Government revises petroleum levy on fuel products
The federal government has announced revisions to petroleum levy rates on various fuel products, adjusting charges on petrol and diesel while keeping dealers’ margins unchanged. According to an official notification, the petroleum levy on petrol has been reduced by Rs9.34 per litre. As a result, the levy on petrol has decreased from Rs116.08 per litre […]
Hafiz Naeem criticises PPP, calls for fuel price cap
Jamaat-e-Islami Pakistan Emir Hafiz Naeem ur Rehman has criticised the Pakistan Peoples Party (PPP) and Muttahida Qaumi Movement-Pakistan (MQM-P), while urging the government to provide greater economic relief by significantly reducing petroleum prices and introducing long-term fuel price stability. Read More: Mayor inaugurates Rs 154 million uplift projects in District East Speaking at a press […]
Petrol and diesel prices may drop after global oil decline
Petrol and diesel prices in Pakistan are expected to decrease in the upcoming pricing review after a noticeable decline in global oil markets raised hopes of relief for consumers. Market sources indicated that falling international petroleum rates could lower local fuel prices if the government avoids imposing additional levies or taxes during the next adjustment […]
Iran war drives sharpest petrol demand fall in years
Fuel consumption in the United Kingdom has recorded its steepest decline in six years as rising energy prices linked to the US-Iran conflict continue to pressure households. Motorists have reduced travel and fuel usage as costs surge across transport and essential goods markets. According to official data released on May 22, petrol and diesel sales […]
Government cuts petrol, diesel prices by Rs5 per litre
The federal government has announced a reduction in petrol and diesel prices, offering temporary relief to consumers amid continued pressure from high fuel costs and inflation. According to a notification issued by the Petroleum Division, the prices of petrol and high-speed diesel have been reduced by Rs5 per litre each for the coming week. The […]
Pakistan fuel prices surge sharply after global oil shock
Pakistan has witnessed a sharp rise in petroleum prices over the past two and a half months, as petrol increased by 56 percent and diesel climbed by 48 percent following global supply disruptions linked to the US-Iran conflict. Officials said the sudden jump has placed heavy pressure on transport costs and household budgets across the […]
Public, freight transport fares hiked amid rising petrol prices
The Pakistan Goods Transport Alliance has announced a 10 percent increase in freight charges following a rise in petroleum prices. Alliance President Malik Shehzad Awan stated that transporters across the country condemned the continuous increase in fuel prices, which is driving inflation and contributing to widespread unemployment due to government policies. Awan also urged the […]