The Petroleum Division has issued a notification confirming that the petroleum levy on petrol, diesel and kerosene oil will remain unchanged, even as the government has increased fuel prices under its latest pricing review. Read More: JI chief announces countrywide protests against petroleum levy on Friday According to the notification, the petroleum levy on petrol has […]
Petroleum Division
Pakistan faces petrol supply risk as oil firms seek urgent government action
Pakistan’s oil companies have warned of a possible petrol supply shortage in the country, urging the government to take immediate measures as fuel stocks have fallen to critically low levels. Read More: Fuel supply to petrol pumps curtailed amid rising oil prices The Oil Companies Advisory Council (OCAC) informed the Petroleum Division that the country currently has petrol […]
Government raises fuel petroleum levy
The government has increased the petroleum levy on petrol and diesel while keeping retail fuel prices unchanged for the next week. The revised levy raises additional revenue without changing pump prices. Consumers will continue paying the same prices despite the tax adjustment. According to Petroleum Division sources, the levy on high-speed diesel has increased by […]
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 […]
Government plans to end Rs140bn gas subsidy system
The government has decided to phase out the Rs140 billion cross-subsidy currently provided to gas consumers as part of its economic reform commitments linked to the International Monetary Fund programme. According to officials from Pakistan’s Petroleum Division, the government has assured the International Monetary Fund that the subsidy mechanism will be fully eliminated by January […]
Govt raises petrol by Rs6.51 per litre, diesel prices by Rs19.39 per litre from May 1
ISLAMABAD: The federal government has increased the prices of petrol and high-speed diesel (HSD), with the revised rates taking effect from May 1, 2026, according to a notification issued by the Petroleum Division. Read More: Petrol, diesel get costlier by nearly Rs 27 per litre Under the latest revision, petrol prices have been raised by Rs6.51 per […]
Petrol and Diesel Prices Increased Amid Global Oil Market Pressure
The government has increased fuel prices, raising the petrol price by Rs6.51 per liter, with the new rate set nationwide at Rs399.86. This decision reflects ongoing economic pressures and global oil market trends. The revised prices took effect from midnight. According to the Petroleum Division, high-speed diesel prices also saw a major increase. Diesel rates […]
Pakistan raises petrol and diesel prices amid global oil pressure
The Government of Pakistan has announced a significant increase in fuel prices, raising both petrol and diesel rates in response to ongoing volatility in international oil markets. Read More: Government Hikes Petrol and Diesel Prices by 26 Rupees According to an official notification issued by the Petroleum Division, the price of petrol has been increased by Rs26.77 per litre, […]
Fuel prices to rise from Feb 1, petrol may drop
Pakistan is set to adjust fuel prices starting February 1, with high-speed diesel expected to rise sharply. Petrol, in contrast, may see a slight reduction, officials said. The changes come amid ongoing inflation pressures affecting households and businesses. According to sources, high-speed diesel could increase by Rs9.47 per litre, kerosene oil by Rs3.69 per litre, […]
Petroleum Division delays action over unauthorised ownership changes
Six months after issuing show-cause notices over alleged unauthorised changes in ownership and management control, the Petroleum Division has yet to initiate enforcement action against energy companies operating in Pakistan’s strategic oil and gas sector. The case involves Spud Energy Limited and Frontier Holdings Limited, whose parent companies transferred ownership stakes without obtaining prior approval […]