The federal government has announced a significant increase in petroleum prices, raising the cost of petrol by Rs13.18 per litre and high-speed diesel (HSD) by Rs13.80 per litre amid renewed uncertainty in global oil markets. Following the latest revision, the price of petrol has increased to Rs310.71 per litre, while high-speed diesel will now cost…
Global crude oil prices remained volatile as investors continued to assess the impact of economic uncertainty, geopolitical tensions, and supply expectations on international energy markets. According to the latest market data, West Texas Intermediate (WTI) crude was trading at $68.97 per barrel, while Brent crude, the global benchmark, stood at $72.50 per barrel. The fluctuating…
per litre, providing partial relief to consumers following a decline in international oil prices. The revised fuel prices came into effect immediately and will remain applicable until July 10, 2026. According to the official notification, the ex-depot price of petrol has been reduced from Rs299.50 to Rs297.53 per litre, while the price of high-speed diesel…
The federal government of Pakistan has revised the taxation structure on petrol and high-speed diesel by increasing the Climate Support Levy (CSL) while simultaneously reducing the Petroleum Levy (PL) by the same amount, ensuring that fuel prices remain unchanged for consumers. According to official notifications issued by the Petroleum Division, the Climate Support Levy on…
Pakistan’s inflation rate surged to 11.7 percent in May 2026, reaching its highest level in 22 months and raising concerns about the country’s economic outlook. According to data released by the Pakistan Bureau of Statistics (PBS), headline Consumer Price Index (CPI) inflation increased from 10.9 percent in April to 11.7 percent in May on a…
Eidul Fitr celebrations across Pakistan have been significantly affected this year as rising prices and inflation, driven by the ongoing Iran war, have reduced the festive spirit. While markets remain crowded and preparations continue, the economic pressure is clearly visible among citizens. In cities like Multan, beauty salons and shopping markets are still busy with…
A petition has been filed in the Lahore High Court (LHC) challenging the federal government’s recent decision to increase petroleum prices, arguing that the move is unlawful and adds further burden on citizens already struggling with economic hardship. According to the plea, the price of petrol has been increased by Rs8 per litre, while high-speed…
