Oil marketing companies (OMCs) have reduced fuel supplies to petrol pumps in Pakistan, citing rising international crude oil prices and operational challenges, raising concerns over fuel availability in several parts of the country. Read More: Petrol pumps threaten nationwide shutdown According to Chaudhry Nauman Majeed, President of the Petroleum Dealers Association Central Punjab, petrol pumps received […]
Petroleum
Petrol, diesel prices cut by Rs1.97 per litre
The federal government has reduced the prices of petrol and high-speed diesel by Rs1.97 per litre, providing modest relief to consumers amid ongoing efforts to manage fuel pricing and fiscal reforms. Read More: Levy adjustment keeps fuel rate unchanged despite global price fall According to an official notification issued on Friday, the price of petrol has been lowered to […]
Government raises carbon tax on petrol, diesel
The federal government has increased the carbon tax on petrol and diesel by Rs5 per litre, with the revised rate taking effect from midnight, according to an official notification. Under the new rates, the carbon tax on petrol and high-speed diesel has been increased from Rs2.5 to Rs5 per litre. The government has simultaneously reduced […]
JI chief demands removal of levy from petroleum price
Jamaat-e-Islami (JI) chief, Hafiz Naeem ur Rehman, on Saturday said that the petroleum prices should be slashed by Rs 122, “what the levy has to do with the layman”. In a statement JI chief said that 3,000 billion have been collected from the poor people. “I have asked the prime minister to shed the burden […]
Petroleum imports up by 1.63% to $13.5 billion in 10 months
The imports of the overall petroleum group witnessed an increase of 1.63 percent during the first ten months of the current fiscal year (2025-26) as compared to the corresponding months of the last year, the Pakistan Bureau of Statistics (PBS) reported. The total imports of the petroleum group during July-April (2025-26) stood at $13,517.296 million […]
Senate body reviews petroleum stocks, gas supply issues
The Senate Standing Committee on Petroleum on Monday deliberated on matters relating to the national stock position of petroleum products, gas supply to producing areas, PMDC Board of Governors’ selection criteria, LPG pricing concerns, and the suspension of CNG supply in Khyber Pakhtunkhwa. The committee received a detailed briefing on the current stocks and import […]
‘Petroleum product stocks at comfortable levels’
A meeting of the Committee to Monitor Petrol Prices was held virtually today under the chairmanship of the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, as part of the Committee’s ongoing daily review of developments in the energy sector amid continued regional tensions. The Committee undertook a comprehensive review of petroleum product stock […]
Punjab CM meets finmin, petroleum minister to review fuel supply
Punjab Chief Minister Maryam Nawaz Sharif met Federal Finance Minister Muhammad Aurangzeb and Federal Minister for Petroleum Ali Pervaiz Malik to review the situation arising from the ongoing war and its possible impact on petroleum supplies. During the meeting, the participants reviewed the supply, demand and available reserves of petroleum products in Punjab. They also […]
Petroleum minister, Swedish envoy discuss bilateral cooperation
Federal Minister for Petroleum, Ali Pervaiz Malik, held a meeting with Alexandra Berg von Linde, Ambassador of Sweden to Pakistan, to discuss ongoing bilateral cooperation and explore new avenues of partnership, particularly in the mining and energy sectors. During the meeting, both sides acknowledged the long-standing relationship between Pakistan and Sweden and emphasised the importance […]
Petrol prices may drop again from January 16
Petrol and other petroleum product prices in Pakistan are expected to decline for the fourth consecutive fortnight from January 16, according to local media reports citing official sources on Tuesday. Read More: Petrol price slashed by Rs 10.28, diesel by Rs 8.57 for next fortnight Preliminary calculations indicate that petrol prices may be reduced by […]