ISLAMABAD: The government is expected to adjust fuel prices for the next 15 days starting August 16. High-speed diesel (HSD) may see a drop of up to Rs 11.50 per liter. Meanwhile, petrol could increase by Rs 1.40 per liter due to global market changes and currency fluctuations. According to informed sources, the ex-depot price […]
Petrol prices
Global diesel and petrol prices surge 10–12% amid rising shipping costs
Global fuel prices have climbed sharply, with diesel and petrol becoming 10 to 12 percent more expensive due to a major hike in freight charges. Industry sources reveal that the shipping cost for oil tankers has increased by nearly 50%, driven by high demand and regional tensions affecting global supply chains. As of June 12, […]
Fuel prices in Pakistan may drop by up to Rs7 per litre from may 16
Consumers in Pakistan could see a welcome drop in fuel prices starting May 16, 2025. Based on current international market trends, petrol prices may decrease by around Rs3.5 per litre, while high-speed diesel (HSD) could see a larger cut of up to Rs7 per litre. This expected relief would apply for the next pricing cycle […]
Petrol prices set to drop in Pakistan by Rs8.50 per litre
The federal government plans to cut petrol prices by Rs8.50 per litre. This decision comes after a decline in global crude oil prices. Officials are optimistic that these changes can bring relief to consumers. High-speed diesel prices are expected to decrease by Rs6.96 per litre. Additionally, kerosene oil may fall by Rs7.47, while light diesel […]
Oil bounces higher as US dollar’s strength eases
SINGAPORE: Oil bounces higher and its prices rose in thin trade in early Asian hours on Monday as the US dollar’s strength eased while investors awaited data from China to gauge demand at the world’s top crude oil importer. Brent crude futures rose 85 cents, or 0.9%, to $92.48 a barrel by 0019 GMT, recovering […]
Petrol prices to be revised weekly under IMF conditions: sources
As part of its efforts to revive the delayed $6 billion IMF bailout package, the Pakistani government is prepared to revise the petrol prices on a weekly basis, which was one of the requirements for the release of the money to Islamabad, said sources privy to the decision. The petrol prices are currently reviewed after […]
Govt to decrease petroleum prices by rupees 8 to 21/ litre
ISLAMABAD: The government has decided to cut prices of petroleum products, for the first time in its three months tenure, citing sources. The Petroleum levy, imposed by the government, will likely remain in place. The levy on petroleum has been Rs. 10 per liter, while high-speed diesel, kerosene oil, and light diesel carry five rupees […]
IMF talks: Miftah Ismail hints of expected rise in petroleum prices
ISLAMABAD: Pakistan’s new Finance Minister Miftah Ismail has hinted at increasing petrol and diesel prices in the country after International Monetary Fund (IMF) has agreed to reverse subsidies on fuel products during talks at the Washington-based lender’s annual spring meetings. Speaking during an event organized by US think tank Atlantic Council, Miftah Ismail said that […]
Bilawal rejects petrol price hike
KARACHI: PPP Chairman Bilawal Bhutto Zardari comes to the boil over the government’s decision to raise the price of petrol by Rs5. He said that the government was fooling people. “The entire nation is crying due to record inflation and Khan Sahib is fiddling,” said the PPP chairman. While rebuking the PTI government and their […]
Major hike in petrol prices likely in budget 2022
ISLAMABAD: Finance Minister Shaukat Tarin on Friday said the prices of petroleum products will likely to be increased in the coming month as talks with the International Monetary Fund (IMF) continue over the stabilisation of revenue collection. Talking on ‘Naya Pakistan’ programme, he said the petroleum levy would be increased up to Rs600 billion in […]