Pakistan’s oil industry has raised serious concerns over the recent sharp reduction in diesel prices, warning that it could lead to inventory losses exceeding Rs100 billion. While the price cut has brought immediate relief to consumers, including farmers, transporters, and households, it has created significant financial pressure on oil marketing companies (OMCs) and fuel dealers….
The National Assembly of Pakistan was adjourned after opposition lawmakers staged a strong protest against the recent surge in fuel prices, preventing the House from conducting any scheduled business. The session, held in Islamabad, was set to cover a 90-point agenda, including the question hour, legislative bills, and policy discussions. However, proceedings were disrupted before…
Prime Minister Shehbaz Sharif has announced an immediate reduction of Rs80 per litre in the petroleum levy, bringing petrol prices down to Rs378 per litre across Pakistan. The decision comes shortly after a sharp increase in fuel prices caused by global oil shocks triggered by escalating tensions in the Gulf region. The announcement was made…
The federal government is considering freezing petroleum prices in Pakistan despite a sharp increase in global oil prices, in an effort to protect consumers from sudden fuel price hikes. According to official sources, the government has already imposed a ban on the export of petroleum products while evaluating measures to stabilize domestic fuel prices. Authorities…
The Government of Pakistan has managed to limit the increase in petrol and diesel prices despite rising pressure from global oil markets. Officials revealed that the decision required careful planning and coordination as international petroleum prices continue to surge due to geopolitical tensions. According to Pakistan’s defense minister, authorities had been working for several weeks…
