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 […]
Petroleum Division
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 […]
Petroleum minister, New South Wales minister discuss energy cooperation
Federal Minister for Energy (Petroleum Division), Ali Pervaiz Malik, met with Hon. Penny Sharpe MLC, Minister for Climate Change, Energy, Environment and Heritage of New South Wales, to explore avenues for enhanced collaboration between Pakistan and Australia in the energy and resources sectors. The meeting focused on renewable energy initiatives, particularly solar technology development, and […]
Pakistan asks Qatar to divert 24 LNG cargoes
ISLAMABAD – Pakistan has asked Qatar to divert 24 of its contracted LNG cargoes to the international market in 2026 due to declining domestic demand and an oversupply of imported gas, The News reported on Saturday. Officials from the Petroleum Division said the proposal would be finalised by the end of October under the Net […]
Rs3.25 hike in POL prices expected today
Rs1.90 hike in price of petrol and Rs3.25 in price of diesel is expected on Monday (today). According to the sources in the Oil and Gas Regulatory Authority, a summary to the Petroleum Division has been sent by the OGRA. Final decision about in the price of the petroleum products will be made by the […]