Planning Minister Ahsan Iqbal has ruled out an immediate reduction in Pakistan’s petroleum levy, saying the government may consider lowering the charges gradually in the next federal budget. His statement comes amid pressure from Jamaat-e-Islami (JI) to reduce taxes on petroleum products as international oil prices remain elevated. Iqbal said a committee had been formed…
Pakistan’s federal government has reduced the price of petrol by Rs3.19 per litre while increasing the price of high-speed diesel by Rs2.25 per litre. The revised rates took effect on October 28, according to a notification issued by the Petroleum Division, introducing another adjustment in domestic fuel prices. Under the new rates, petrol now costs…
The federal government has reduced the prices of petrol and high-speed diesel (HSD), providing limited relief to consumers amid continued volatility in international oil markets. Under the revised rates, the price of petrol has been reduced by Rs1.65 per litre, bringing it down to Rs389.14 per litre. The price of high-speed diesel has been cut…
ISLAMABAD: Pakistan’s authorities have identified significant gaps in the existing liquefied petroleum gas (LPG) pricing mechanism, with officials warning that the current formula is creating market distortions and widening the difference between notified and actual consumer prices. The issue was discussed during a meeting of the National Price Monitoring Committee (NPMC), where the Oil and…
The federal government has increased the prices of petrol and high-speed diesel in Pakistan by more than Rs5 per litre, adding to the pressure on consumers and businesses following a series of fuel price increases. According to a notification issued by the Petroleum Division, the Oil and Gas Regulatory Authority (OGRA) revised the prices under…
ISLAMABAD: The federal government has increased the prices of petrol and high-speed diesel once again, adding further pressure on consumers, transporters and businesses across Pakistan. The Oil and Gas Regulatory Authority (OGRA) has issued a notification announcing the latest adjustment in petroleum prices. The revised rates will take effect from August 25. According to the…
ISLAMABAD: Petrol and high-speed diesel prices have increased in Pakistan following the implementation of higher dealers’ margins, adding to the cost burden for consumers and businesses. According to a document issued by the Oil and Gas Regulatory Authority (OGRA), dealers’ margins on both petrol and high-speed diesel have been increased by Rs1.34 per litre. The…
The federal government has announced a mixed adjustment in petroleum prices, reducing the petrol price in Pakistan while increasing the price of high-speed diesel. The revised rates will take effect from August 12, 2026, under the government’s petroleum pricing mechanism. According to the latest notification, petrol has become cheaper by Rs1.70 per litre, bringing its…
The Pakistan petrol price has been reduced after the federal government announced a fresh revision in petroleum prices, offering modest relief to consumers and businesses across the country. According to a notification issued by the Petroleum Division, the price of petrol has been reduced by Rs4.08 per litre, bringing the new retail price to Rs331.95…
The federal government has announced a fresh increase in the prices of major petroleum products, including petrol, high-speed diesel (HSD), and kerosene oil. The revised prices came into effect immediately and, according to official notifications, will remain applicable for one day. The Oil and Gas Regulatory Authority (OGRA) issued the notification confirming the latest fuel…
