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, […]
Petrol
Petrol, diesel prices hiked massively in ‘national interest’
Prices for gasoline and diesel skyrocketed in ‘Ishaq Dar, the finance minister, announced on Tuesday that the price of gasoline in Pakistan has raised by Rs19.95 per litre to Rs272.95 for the upcoming bimonthly review. Dar stated that the action was taken in accordance with “national interests.” The announcement was scheduled on July 31, but […]
Petrol, diesel prices likely to be slashed by Rs4 to Rs20 per litre
On Wednesday, a proposal has been made to reduce the price of petroleum products a little bit. According to the sources, a proposal to lower the price of gasoline by Rs. 4.30 and high-speed diesel by Rs. 20 has been put together for the upcoming fortnightly. The sources said a proposal to reduce the price […]
Pakistan to get crude oil, petrol, diesel from Russia on discounted price: Musadiq
ISLAMABAD: Minister of State for Petroleum Dr Musadik Malik on Monday termed his recent visit to Russia ‘very successful’ as the host country, in principle, had decided to provide crude oil, refined petrol and diesel to Pakistan at a discounted rate. “In addition, negotiations with private sector companies of Russia have been initiated for procurement […]
Petrol price in Pakistan likely to decrease by Rs9.62
Petrol price in Pakistan likely to decrease by Rs9.62: It is is likely to drop from Rs235.98 per litre to Rs226.36 after a cut of Rs9.62 per litre on September 16 (Friday) for the next fortnight. However, a minor increase of Rs3.04 per litre is expected in the price of diesel, taking the rate up […]
Filling stations no longer accepting credit/debit card for payments
Filling stations no longer accepting credit/debit card for payments: The majority of fuel stations nationwide have reportedly stopped accepting credit/debit card payment methods. Commercial banks charge a merchant discount rate (MDR) of 1.5 percent. The only payment method consumers are left with is cash payment for petrol and diesel purchase. A top official of oil […]
California to ban sales of petrol cars by 2035
California air regulators voted on a historic plan to address climate change and harmful pollution. The state regulators moved forward with a plan to phase out the sale of gas cars over the next 13 years in America’s largest auto market. “This is a historic moment for California, for our partner states, and for the […]
Major cut in petrol prices
The government may announce a major cut in the prices of petroleum products as the rates of oil decline in the international market and the dollar depreciates. The Oil and Gas Regulatory Authority (OGRA) has started working on a new summary which is likely to propose up to Rs15 drop in POL prices. Sources privy […]
CM directs to reduce POL expenditure by 35% in govt departments
PESHAWAR: Chief Minister Khyber Pakhtunkhwa has directed all departments and organizations to reduce use of POL expenditure by 35% in the wake of recent unusual spike in petroleum products. A letter from CM Secretariat to Chief Secretary Khyber Pakhtunkhwa says that provincial government was focusing on good governance and service delivery to the general public. […]
Petroleum products’ price kept unchanged
The government on Saturday kept prices of petroleum products unchanged for next fortnight so that consumers are not burdened with price hike, Finance Ministry said in a statement issued here. “In the fortnightly review of petroleum products’ prices. Prime Minister has rejected the proposal of OGRA for increase in prices of petroleum products,” the statement […]