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 […]
Petrol prices
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 […]
Asad Umar defends the decision of inflated petrol prices
The recent decision to increase petroleum prices was defended by the government. The price was increased up to 6.45 percent but the Oil and Gas Regulatory Authority (OGRA) had proposed double the price increased, however, that was partially passed on to the consumers. State Bank of Pakistan (SBP) organized an event on which Asad […]
Govt reduces petroleum, diesel prices by Rs2 per litre: Asad Umer
ISLAMABAD: The federal government on Friday has decreased the prices of petroleum by Rs 2 per liter. Finance Minister Asad Umer while addressing a press conference along with Planning Minister Khusro Bakhtyar and Minister of State for Revenue Hammad Azhar said that PTI government has decided to reduce the price of petrol by Rs 2, […]
OGRA recommends Rs5.40/litre increase in petrol price
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has recommended to the government to increase petrol price by Rs5.40 per litre, kerosene oil by Rs12 per litre and diesel by Rs6.20 for the month of July 2018. The Ministry of Energy’s Petroleum Division has received a summary from the regulatory authority about the revision in petroleum products prices. […]